Question

How are ULIPs similar to mutual funds in terms of investment operations?

a.

ULIPs are not similar to mutual funds

b.

Both are government-regulated

c.

ULIPs have fixed returns, unlike the variable returns in mutual funds

d.

ULIPs can be referred to as mutual funds with insurance cover

Answer: (d).ULIPs can be referred to as mutual funds with insurance cover Explanation:ULIPs can be considered similar to mutual funds with insurance cover, as both involve the allotment of units, and a Net Asset Value (NAV) is declared on a daily basis.

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Q. How are ULIPs similar to mutual funds in terms of investment operations?

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