Reliance Mutual Fund SIP Insure Plan is available for the investors investing in the designated schemes of the fund house with an add on feature of life insurance cover. Reliance Life Insurance Plan offers free cover of up to Rs 50 Lakh to investors who keep minimum SIP amount of Rs 1,000 with MySIPonline. Although the insurance cover offered by Reliance Mutual Fund is free, there is a cost associated by way of exit load on early redemption.
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|Fund Name||Latest NAV (₹)||Return (%)||Double Money In||1 Lac Grew To (₹)|
|Reliance Small Cap Fund (G)||38.87||13.64||4Y 7M||1.46 L||Invest|
Reliance Large Cap Fund (G)
Average risk | Large Cap
|35.19||14.59||5Y 9M||1.50 L||Invest|
Reliance Equity Hybrid Fund (G)
Moderate High risk | Aggressive Hybrid
|53.96||9.17||6Y 12M||1.30 L||Invest|
Reliance Banking Fund (G)
Moderate Low risk | Sectoral-Banking
|292.05||18.5||4Y 12M||1.66 L||Invest|
Reliance Power & Infra Fund (G)
Moderate risk | Thematic-Infrastructure
|99.55||10.84||11Y 6M||1.36 L||Invest|
Reliance Hybrid Bond Fund (G)
Moderate High risk | Conservative Hybrid
|43.3||7.12||8Y 8M||1.23 L||Invest|
Reliance Focused Equity Fund (G)
Moderate risk | Focused
|47.29||11.38||5Y 4M||1.38 L||Invest|
Reliance Retirement Fund Wealth Creation Scheme (G)
Moderate risk | Retirement Fund
|13.45||10.53||6Y 12M||1.35 L||Invest|
Reliance Multi Cap Fund (G)
Moderate High risk | Multi Cap
|98.38||11.7||6Y 10M||1.39 L||Invest|
Reliance Equity Savings Fund (G)
Moderate risk | Equity Savings
|12.59||6.51||10Y 12M||1.21 L||Invest|
Reliance SIP Insure is a facility for the investors who have opted for SIP investments in Reliance Mutual Funds. It is an insurance cover that is provided free of cost in the form of a group term insurance to the individual investors on selected schemes. It encourages an investor to invest and remain invested via SIP to achieve their financial goals. Let’s have a detailed overview of the Reliance insurance plans.
The main idea behind this addition of insurance to SIP is to help investors remain focused on their investment and in case of their death, the long-term objective should still be achieved. There are a number of benefits attached to reliance sip insurance plans online investment which you will get to read in the following points.
There is a certain eligibility criteria which should be fulfilled in order to enjoy free life insurance cover which is mentioned in the points below.
The minimum SIP investment amount per installment should be as follows: monthly installment of Rs. 500, quarterly installment of Rs. 1500, and yearly installment of Rs. 6000. There is no maximum investment limit. The minimum time period for which the installments should be deposited is 3 years.
You will no longer get the benefit of insurance cover in the following cases:
In case of death due to suicide, or within 45 days (excluding death by accident) of commencement of SIP installments, the person’s family won’t be eligible to receive the insurance amount.
Below mentioned are some of the top performing schemes in which you may invest through SIP and at the same time avail the life insurance cover.
These were the major points about Reliance Insurance plan and the top schemes in which you may invest. If you are fond of investment in schemes through SIP, then you should opt for the insurance linked SIP investments as they are a smarter choice in the current scenario. Please make sure that you understand your portfolio’s requirement well and have proper understanding regarding the scheme’s performance and the growth scope. In case you have any confusion or doubt related to any of the aspects of these insurance linked schemes, feel free to consult the financial experts at MySIPonline. If you have understood or already shortlisted the scheme by now, start investing online in Reliance SIP Insurance, as the sooner the better.
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