BOI AXA Mutual Fund introduces BOI AXA SIP Shield facility under two schemes.
BOI AXA Mutual Fund introduces a new facility called BOI AXA SIP Shield under two schemes - BOI AXA Equity Fund and BOI AXA Tax Advantage Fund. Through this facility, the AMC may provide a group insurance cover to all resident individual/NRI applicants and fund the premium towards such cover. The insurance cover will be available for individuals with a minimum age of 18 years and maximum age of 45 years as on last birthday. Non-individuals as well as US persons/persons not of Indian origin/sole proprietorship will not be covered under the insurance cover.
This will be an dd-on, optional feature with a minimum application amount or Rs 1500 and in multiples of Rs 100 thereafter.Not sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations.