Saving scheme for elderly to ULIP vs mutual funds: Experts advise readers

Please understand that most Ulips have hefty charges which eat away your returns over time

I understand that tax-savings investment should fit the overall portfolio. But could you cite a few examples?

Suppose that you are investing to create a retirement corpus or an education fund for your kids. In the process of doing so, you will have to make a variety of investments. Within this portfolio of investments, assume you are making some mutual fund investments. Within the mutual fund investments, assume you are making some diversified large-cap allocation. In this case, you may consider using an equity-linked tax saving (ELSS) fund as a part of your diversified large-cap mutual fund allocation. Similarly, for some