Home / Money / Personal Finance /  There are better options than Ulips for investments
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I am a 47-year-old working woman and most of my investments have been in the safe zone. I invest 35,000 each month. I have now started investing about 9,000 a month in Bajaj Allianz Future Gain for a 20-year lock-in period. I am interested in exploring short-term investments for three to five years, 10 years, and 15 years to spread the time periods and diversify risk. What would be the best portfolio in this case?

—Name withheld on request


Until recently, you have been investing only in fixed income options. You have now started investing in market-linked investment instruments in the form of a Ulip. This is a positive step.

However, there are better ways to handle your market investments. You could start a simple SIP in a portfolio with two funds. A low-cost index fund such as UTI Nifty index fund and a hybrid fund such as SBI Equity hybrid fund. This would give you an efficient way to manage your long-term investments where you have more control and options for liquidity (interim withdrawals at shorter time frames).

Srikanth Meenakshi is founder,

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