Future Generalis non-linked plan
Future Generali Life Insurance has launched Future Generali Pearls Guarantee, which is a non-linked, non-participating life insurance plan with limited premium payment term and guaranteed cash back.
The plan provides fixed policy terms of 16 and 18 years for which the customer would pay the premiums for 10 and 12 years, respectively. After the premium payment term, at the end of every year till maturity, 10% of the sum assured will be paid to the customer as money back. At maturity, 70% of the sum assured will be paid as maturity benefit.
Reliance MFs interval fund
Reliance Mutual Fund has launched the new fund offer of Reliance Interval Fund, which is an open-ended income scheme. The NFO closes for subscription on October 21. The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, state government and other fixed income debt securities, which are maturing on or before the next specified transaction date of the scheme.
ICICI Pru MFs capital protection fund
ICICI Prudential Mutual Fund has launched an NFO of its capital protection oriented fund. Subscription to the NFO closes on October 21 and the investment objective is to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities.
SBI MF removes exit load for 3 schemes
SBI Mutual Fund has removed the exit load structure of SBI FMCG Fund, SBI IT Fund and SBI Pharma Fund. The change will be applicable on all prospective investments made on and after October 10.
ICICI Prudential MF declares dividend
ICICI Prudential Mutual Fund has declared dividend of R0.2067 per unit on the face value of R10 per unit under the dividend sub-option of ICICI Prudential Interval Fund II-Quarterly Interval Plan. The record date for dividend is October 15.