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Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
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Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The new product is designed to provide investors with the option to pair mutual fund investments with term life insurance, focusing on financial inclusion, particularly in underserved regions.
According to Buch, the aim is to reach areas where Systematic Investment Plans (SIPs) have low penetration despite significant growth potential.
Buch explained that the combo product will offer investors an affordable solution that combines mutual funds with life insurance.
The added life insurance premium would have minimal additional cost due to existing expenses related to onboarding and servicing investors.
The initiative is in line with SEBI’s broader objective to expand financial access and tailor products to market needs. This new offering is expected to enhance mutual fund reach and make insurance more accessible, particularly in rural areas where financial products are underdeveloped.
SEBI’s focus on digital trust and security
In addition to the combo product, SEBI is working on another initiative aimed at improving digital transaction security.
The regulator plans to introduce the “Pay Right” initiative, which will enable investors to verify the authenticity of UPI IDs before making payments.
This initiative is designed to combat digital fraud by ensuring that investors can confirm the legitimacy of recipients.
By integrating Know Your Customer (KYC) protocols, SEBI intends to help differentiate legitimate financial intermediaries from fraudulent entities, reinforcing trust in the digital financial ecosystem.
First Published: Feb 5, 2025 4:13 PM IST