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Bharti AXA's Green Debut

Bharti AXA has come out with a new eco-friendly plan to boost its entry in the fund industry

There's a new kid on the mutual fund block and it seems like it's trying to make a unique debut. Bharti AXA is the latest entrant in the Indian mutual fund space and has got some good news for eco-friendly investors. The company has devised a unique eco-friendly plan in which the investors would receive all the communication from the fund company like account statement, portfolio statement, etc through emails or SMS. This eco plan will be available for investors investing up to Rs. 2 lakh.

This may turn out to be a win-win situation for both investors and the AMC. Investors won't have to maintain thick files containing the communiqué from the AMC and the AMC will in turn save on the cost of paper and postage charges. Moreover the savings earned by the AMC through this would be passed on to the investor as 0.25 per cent reduction in the recurring expenses.

This means that if an investor invests Rs 1,000 per month through SIP for 5 years, he can save upto Rs 500, considering a conservative rate of return of 10 per cent per annum. This may not seem much for an investment of Rs 60,000, but if one wants to go green, this is better than nothing.