Index fund corner
Sponsored
| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big 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 focus on financial inclusion, especially in undested areas, with the option of pairing mutual fund investment with investors with term life insurance.
According to Butuch, its purpose is to reach areas where systematic investment plans (SIPs) have low entry despite significant growth capacity.
Buch reported that combo product will provide investors a inexpensive solution that combines mutual funds with life insurance.
Additional life insurance premiums will have a minimum additional cost due to existing expenses related to onboarding and servicing investors.
This initiative is to conform to SEBI’s widespread purpose to expand financial access and tailor products for market needs. This new offering is expected to increase mutual fund access and make insurance more accessible, especially in rural areas where financial products are underdeveloped.
SEBI focus on digital trust and security
In addition to the combo product, SEBI is working on another initiative aimed at improving digital transactions security.
The regulator plans to launch the “pay right” initiative, which will enable investors to verify the authenticity of UPI ID before paying.
This initiative is designed to combat digital fraud, by ensuring that investors can confirm the validity of the recipients.
To learn your customer (KYC) protocol, SEBI is intended to help separate the valid financial arbitrations from fraudulent institutions, strengthening confidence in the digital financial ecosystem.
first published: February 5, 2025 4:13 pm First
,
