What is the difference between ULIP and Mutual Fund?

The product structure ULIP and Mutual funds In terms of product structure, excluding risk coverage there is only a small difference between ULIP schemes and a Mutual fund scheme. Both market linked for returns, and they will both carry market risk. Based on the investor’s selected stock performance, his returns will reflect    exactly that in both cases. A fund manager will be responsible for running the scheme for both options. Differences Regarding regulation, Mutual Funds [...]