Insights

Discontinuation of SIP with Insurance

June 29, 2022 . Syed Asif Ahamed

Bulletin

Investors/Unitholders are hereby informed that SEBI through its letter no. SEBI/HO/OW/IMD-ll/DOF3/P/25096/2022 dated June 17, 2022, has announced that mutual fund schemes shall not have any bundled products.

Accordingly, FundsIndia will be discontinuing the ‘SIP with Insurance’ facility for new investors effective immediately. Existing investors of this scheme will be continued to invest through till SIP ends/ceased.

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