Unit Linked Insurance Plans (ULIPs) are a mix of investment cum-insurance funds that offer tax benefit on investment of up to Rs 1.50 lakh under section 80 C. They come with a lock-in period of five years.
We looked at the performance of Large Cap ULIPs over one- and ten-year period.
Out of the 102 Large Cap ULIPs, 23 Large Cap ULIPs outperformed the S&P BSE 100 TRI in CY 2021. The BSE 100 TRI delivered 26.53% in CY 2021.
Funds that outperformed in 2021
Kotak Frontline Equity Fund
- Star Rating: 4 Stars
- Investment Style: Large Growth
- % of assets in stocks: 93%
- Number of stock holdings: 68
- Top 10 equity holding: 41%
- Top 5 holdings: Infosys Ltd, ICICI Bank, Reliance Industries Ltd, Tata Consultancy Services, ICICI Pru Nifty ETF. As of November 2021.
Max Life Pension Growth Super Fund
- Star Rating: 5 Stars
- Investment Style: Large Growth
- % of assets in stocks: 93%
- Number of stock holdings: 48
- Top 10 equity holding: 44%
- Top 5 holdings: Infosys Ltd, ICICI Bank, Reliance Industries Ltd, HDFC Bank, Kotak Banking ETF. As of November 2021.
PNB Met Life – Multiplier III Fund
- Star Rating: 4 Stars
- Investment Style: NA
- % of assets in stocks: 97%
- Number of stock holdings: 94
- Top 10 equity holding: 40%
- Top 5 holdings: Infosys Ltd, ICICI Bank, Reliance Industries Ltd, Larsen & Toubro, Bharti Airtel. As of November 2021.
Future Generali Life – Future Pension Active Fund
- Star Rating: 3 Stars
- Investment Style: NA
- % of assets in stocks: 98%
- Number of stock holdings: 67
- Top 10 equity holding : 38%
- Top 5 holdings: Infosys Ltd, ICICI Bank, Kotak Banking ETF, Nippon India ETF Bank BeES, Tata Consultancy Services. As of November 2021.
Tata AIA Life - Life Large Cap Equity Fund
- Star Rating: 5 Stars
- Investment Style: Large Blend
- % of assets in stocks: 71%
- Number of stock holdings: 17
- Top 10 equity holding : 49%
- Top 5 holdings: Infosys Ltd, ICICI Bank, Tata Consultancy Services, HDFC Bank, Reliance Industries Ltd. As of November 2021.
Exide Life Prime Equity Pension Fund
- Star Rating: 3 Stars
- Investment Style: NA
- % of assets in stocks: 89%
- Number of stock holdings: 67
- Top 10 equity holding : 42%
- Top 5 holdings: Infosys Ltd, Reliance Industries Ltd, HDFC Bank, Housing Development Finance Corp, Hindustan Unilever Ltd. As of November 2021.
Future Generali Life - Future Apex Fund
- Star Rating: 3 stars
- Investment Style: NA
- % of assets in stocks: 97%
- Number of stock holdings: 68
- Top 10 equity holding: 36%
- Top 5 holdings: Warrant on Reliance Industries Ltd, Infosys Ltd, Nippon India ETF Bank BeES, Tata Consultancy Services Ltd, Kotak Banking ETF. As of November 2021.
SBI Life - Equity Pension Fund
- Star Rating: 4 Stars
- Investment Style: Large Blend
- % of assets in stocks: 99%
- Number of stock holdings: 65
- Top 10 equity holding : 51%
- Top 5 holdings: Kotak Banking ETF, HDFC Bank, ICICI Bank, Infosys Ltd, Reliance Industries Ltd. As of November 2021.
PNB Met Life - Flexi Cap Fund
- Star Rating: 3 Stars
- Investment Style: NA
- % of assets in stocks: 99%
- Number of stock holdings: 65
- Top 10 equity holding : 51%
- Top 5 holdings: HDFC Bank, ICICI Bank, Infosys Ltd, Larsen & Toubro, Reliance Industries Ltd. As of November 2021.
Reliance Life Pure Equity Fund 2
- Star Rating: 3 Stars
- Investment Style: NA
- % of assets in stocks: 99%
- Number of stock holdings: 65
- Top 10 equity holding : 51%
- Top 5 holdings: HDFC Bank, ICICI Bank, Infosys Ltd, Larsen & Toubro, Reliance Industries Ltd. As of November 2021.
Funds that have outperformed over a ten-year period
Over a ten-year period, out of the 97 funds that existed over this period, ten have outperformed BSE TRI, which delivered 15.99% CAGR.
Bharti Axa Life – Grow Money Plus
- Star Rating: 5 Stars
- Investment Style: NA
- % of assets in stocks: 97%
- Number of stock holdings: 75
- Top 10 equity holding : 43%
- Top 5 holdings: Nippon India ETF Bank BeES, HDFC Bank, ICICI Bank, Infosys Ltd, Reliance Industries Ltd. As of November 2021.
Tata AIA Life - Life Large Cap Equity Fund
- Star Rating: 5 Stars
- Investment Style: Large Blend
- % of assets in stocks: 71%
- Number of stock holdings: 17
- Top 10 equity holding: 49%
- Top 5 holdings: Tata Consultancy Services, HDFC Bank, ICICI Bank, Infosys Ltd, Reliance Industries Ltd. As of November 2021.
Bharti AXA Life - Build India Fund
- Star Rating: 5 Stars
- Investment Style: NA
- % of assets in stocks: 95%
- Number of stock holdings: 71
- Top 10 equity holding: 41%
- Top 5 holdings: Nippon India ETF Bank BeES, HDFC Bank, ICICI Bank, Infosys Ltd, Reliance Industries Ltd. As of November 2021.
Bharti AXA Life - Grow Money
- Star Rating: 5 Stars
- Investment Style: NA
- % of assets in stocks: 99%
- Number of stock holdings: 74
- Top 10 equity holding: 44%
- Top 5 holdings: Nippon India ETF Bank BeES, HDFC Bank, ICICI Bank, Infosys Ltd, Reliance Industries Ltd. As of November 2021.
Kotak Frontline Equity Fund (see above)
SBI Life - Equity Pension Fund (see above)
Edelweiss Tokio Life - Equity Large Cap Fund
- Star Rating: 3 Stars
- Investment Style: Large Growth
- % of assets in stocks: 97%
- Number of stock holdings: 114
- Top 10 equity holding: 29%
- Top 5 holdings: Nippon ETF Bank BeES, Reliance Industries Ltd, Housing Development Finance Corp, Kotak Banking ETF, Infosys Ltd.
ICICI Prudential Life - Pension Maximiser Fund II
- Star Rating: 4 Stars
- Investment Style: NA
- % of assets in stocks: 98%
- Number of stock holdings: 82
- Top 10 equity holding: 42%
- Top 5 holdings: Reliance Industries Ltd, Housing Development Finance Corp, Kotak Banking ETF, Infosys Ltd, HDFC Bank.
Max Life Pension Growth Super Fund (see above)
Kotak Mahindra Old Mutual Life - Kotak Aggressive Growth Fund
- Star Rating: 3 Stars
- Investment Style: Large Growth
- % of assets in stocks: 98%
- Number of stock holdings: 82
- Top 10 equity holding: 42%
- Top 5 holdings: Reliance Industries Ltd, Tata Consultancy Services, Infosys Ltd, ICICI Bank, HDFC Bank.
ALSO READ 8 terms you must know when investing in ULIPs
(These are not investment recommendation by Morningstar. Investors should consult their financial adviser before making any investment decisions.)
