Aditya Birla Sun Life Century SIP is providing the extra benefit of life insurance to the investors without any extra cost. The Birla Century SIP Plan works on a sound investment philosophy which will help you in realising your goals, and also secures you and your family’s future with a life insurance cover. The cover of Aditya Birla Sun Life Century Plan (CSIP) amounts to Rs 26 Lakh for the investors who invest with MySIPonline keeping a minimum SIP of Rs 1,000. The tenure of ABSL Century SIP Plan will be at the maturity of the committed SIP Insure or before the completion of 55 years of age, whichever is earlier.
ABSL Tax Relief 96 Fund is ranked as best tax saver fund generting 24.15% Returns in past 5 years.
Save up to Rs.46,350 + FREE Insurance worth 26 Lac INVEST NOW| Fund Name | Latest NAV (₹) | Return (%) | Double Money In | 1 Lac Grew To (₹) | ||
|---|---|---|---|---|---|---|
No Record Found |
||||||
Aditya Birla Sun Life Mutual Fund has brought for investors a number of glorious schemes to help them achieve their financial goals. It has been continuously putting in great efforts to encourage investors invest and earn the time value of their money. ABSL Century SIP is one such step that it has taken, encouraging people remain invested through SIP for a long tenure so as to achieve their long-term goals. Let’s read what this Birla Sun Life Insurance is all about.
Century SIP by Aditya Birla Sun Life Mutual Fund is an opportunity to invest in a SIP plan with free life cover worth 100 times the monthly SIP investment (three year onwards). While SIP helps an individual to avail long-term investment benefits in the form of rupee-cost averaging and compounding benefit, the free cover ensures the financial security of the family in case of investor’s death.
Any person who is a resident or NRI from eligible countries with age more than 18 years and less than 51 years is eligible to invest in these plans. There are a number of benefits as to why one should invest in Birla Sun Life SIP Insure. Below are points that showcases the same.
Computation
Let’s understand how it works through an example. If an investor invests Rs. 25000 monthly, then in one year the insurance cover will be worth Rs. 2,50,000 (10*25000). In the second year, this cover will be Rs. 12,50,000 (50*25000) and in the third year, the cover would be Rs. 25,00,000 (100*25,000). In case the SIP is continued after three years, the insurance amount will be either the fund value at the beginning of each policy year or 100 times the monthly installment amount which ever is less.
This was all about CSIP in mutual fund, to invest in the SIP plans by ABSL MF, simply log onto MySIPonline. For any help that you might need, feel free to consult the financial experts at our platform.
.png)
