I want to invest in equity mutual funds via SIP for my child's education. My investment time horizon is about 10-15 years. I am thinking of going for "Free Life Insurance" which is offered by a few fund houses. Should I go for it? Is it really “Free Insurance”? Also, could you please suggest some schemes for investment that provide free insurance?
- Bhushan Khairnar
You can go for the added insurance benefit on mutual funds. Some of the fund houses that give the insurance feature add the premium charges to the scheme while some don't. The particular fund's offer document will clearly state whatever the terms and conditions are.
Reliance, Birla Sun Life and Kotak are the fund houses that do not charge the investors with any expense related to insurance. You can select a fund from these fund houses if you do not want to incur any insurance expense.
This article was originally published on April 02, 2009.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
