Mix together condensed milk, milk, maida and khoa. Bring to boil, stirring constantly. Reduce heat and cook for 5minutes stirring constantly. Remove from fire. Cool. Add almonds and kesar dissolved in 1tsp of water. Fill into kulfi moulds and freeze overnight

Steps (For Ice-cream)
Combine condensed milk, milk and vanilla essence in a bowl. Whip up the cream lightly and fold into the above mixture. Pour the mixture into a freezing tray and freeze till the mixture is half set. Remove from freezer and beat until smooth. Return to tray and freeze until firm.

Steps:
To make caramel sauce mix sugar and butter and put it on low flame. When it thickens remove from fire. In one bowl place vanilla ice-cream. Add over it half chocolate flakes. Place the chocolate scoop and add the rest of the chocolate flakes. Decorate it with caramel sauce, whisked cream and wafer.