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ICICI Pru Mutual now offers a ‘SIP insure' facility. This optional insurance facility will be available for all equity schemes invested through the SIP mode. The insurance premium will be borne by the fund house. The maximum age to benefit from this scheme is 46 years. The insurance cover will cease if the SIP is discontinued before three years.
Union KBC Mutual has changed the minimum period for which SIPs need to run. Effective May 2, monthly SIPs will have to be continued for a minimum of six months. This was 12 months earlier. For quarterly SIPS, the minimum instalment period is two quarters now, instead of four quarters earlier.
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