Recently, Reliance Mutual Fund which is a leading asset management firm launched an open-ended index fund. It will invest in companies whose securities are covered in the Nifty and the Sensex.Reliance Mutual Fund said in a statement about Index Fund, “The scheme proposes to invest 95-100 per cent in equities and equity-related securities covered by the Nifty and the Sensex.” It was published in the ET.The scheme gives a chance to invest almost 100% in equities and equity-related securities. It is covered by the Nifty and the Sensex.About the Index Fund of Reliance Mutual Fund, economictimes.indiatimes.com writes, “Available in both growth and dividend option, the minimum investment amount is Rs 5,000. Adding, entry load is nil for the scheme, whereas the exit load is 1 per cent for holding period of up to 12 months and...
SBI Life Launches Smart Performer and Unit Plus Super
Recently, Private insurer SBI Life launched two Unit-Linked Life Insurance Policies (ULIPs) - Smart Performer and Unit Plus Super. These ULIPs plans are compatible with the new IRDA guidelines that are already effective.About the two new ULIPs, SBI Life said in a press release, “SBI Life has launched Smart Performer and Unit Plus Super... In compliance with the new IRDA guidelines, these newly launched ULIPs are equipped with enhanced features such as benefits of higher protection, multiple investment options and a wide range of riders.”So, the two new ULIPs - Smart Performer and Unit Plus Super are well-matched with the new IRDA guidelines also. These are equipped with enhanced features also such as benefits of higher protection, multiple investment options and a wide range of riders.Further MD & CEO M N Rao of SBI...
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