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Last Updated : Dec 06, 2012 04:30 PM IST | Source:

BOI AXA MF introduces BOI AXA SIP Shield facility

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.

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First Published on Dec 6, 2012 04:27 pm
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