You can invest through WMS (Wealth Management System) which is available on Internet Banking as well as Mobile app. It is a highly convenient user-friendly platform that is in line with the best in the industry. Through this system, clients can save towards their dreams and track achievement of their financial objectives separately.

You can track Asset Allocation, Scheme Allocation and even Security Allocation. You can even track what Fund Manager is doing with your investment and which share / debenture he is finally buying from your funds. You can even track your tax reports through the system.

It is a unique offering that is made available to you by Equitas SFB. Under this offering, when a customer does his regular SIP in a select scheme, s/he gets a free Insurance Term Cover up to 120X of SIP Amount. Currently Equitas SFB is offering this unique offering through three Mutual Funds namely ICICI Prudential Mutual Fund, Nippon India Mutual Fund & Aditya Birla Sunlife Mutual Fund.

The three Mutual Fund companies where Equitas SFB has empaneled (as mentioned above) bring the Free Insurance Term Cover to you. You do not have to pay any DIRECT or INDIRECT cost for this insurance, as it is completely free.

ZERO. There is no direct or indirect cost of this insurance term cover.

When you invest in this unique offering, you become a part of Group Life Insurance purchased by the Mutual Fund (at their own cost) for all unit holders. Being a part of Group Life Insurance, you do not need to go through medicals also. It is like Bulk Life Insurance deal which comes to you, at NO Cost whatsoever, when you invest in this offering.

Minimum SIP Tenure for this product is 3 years which means 36 monthly instalments

The Group Life Insurance cover will be available to all Resident Individual/NRI applicants aged between 18-51 Years, at the time of the first investment. The date of birth is taken from proofs submitted by you at the time of opening of Bank Account with Equitas SFB. The detailed Mutual Fund wise age criteria is also provided later in this document.

The noteworthy criteria and conditions are as follows:

Yes, it would be wise to stop your existing SIPs and start new SIP under this option. You get the same mutual fund scheme, same NAV, same growth along with the free insurance term cover. Please also read the next question.

No, the wise action would be only to stop the additional installments in your existing SIPs and start fresh SIPs under this offer. You should not redeem your running SIPs. Every Mutual Fund house gives you option to only Stop SIP without redeeming

Only the First / Sole unit holder will be covered under the insurance. No insurance cover will be provided for the second / third unit holder. To get them the benefit of this product, you can invest SIP in their names as well – In fact, in that case your cover eligibility will be higher by Max Rs. 1.5 Cr per additional member of your family. Equitas SFB will assist you in opening the bank account of the family member along with enabling the product.

While you can choose any of the qualifying scheme, financially the most beneficial would be to subscribe for Tax Saver Schemes of above 3 Mutual Funds as it will you extra tax benefit as well (in case required by you). These should be long term SIPs, as they would carry triple benefit, which are as follows:

• Counted for Tax Benefits u/s 80 CCC of IT Act (up to Rs. 1,50,000 as per latest Act)
• Free Insurance Cover as per full benefit mentioned above
• Regular portfolio growth and wealth building in Equity as a normal Mutual Fund

When you do above, you not only invest in Mutual Fund SIP, you also save up to Rs. 51,000 of Income Tax every year (assuming highest slab rate). Above all, the insurance cover of 100X to 120X also comes free from the end of 2nd year.

You cannot really ask for more to start with!

No impact on your investments units in case your SIP is skipped, stopped or withdrawn. They are as safe as they can be. However, the free cover is withdrawn in case the SIP is skipped, stopped or withdrawn. This impact is explained below:

Hence, this could be treated as your primary SIPs. In case due to some financial reason you need to stop the SIP or skip the instalment, these SIPs should be the last one to get impacted.

Free Insurance cover is withdrawn completely from the date of partial or full redemption. Hence, this should be your primary SIPs. In case due to some financial reason you need to stop the SIP or skip the instalment, these SIPs should be the last one to get impacted.

Yes. This being a group life insurance, the cover would still be additional. In case you want detailed terms and conditions of the cover, we recommend you to read the Scheme Information Document.

The Group Insurance cover will be subject to the following exclusions and such other terms and conditions as may be prescribed by the insurance certificate governing the cover. We recommend you to read the detailed Terms & Conditions of the product on our website on the link referred above. We also want to mention following extremely note-worthy points:

• The Group Insurance cover shall not extend to cover instances of death due to suicide in the first year of cover
• Death within 45 days from the commencement of the SIP installments except for death due to accident
• Death due to pre-existing illness, disease(s) or accident which has occurred prior to the start of cover

You are a part of Group Insurance, hence no separate documentation and no medicals are required.

Nomination is compulsory exactly for this reason. The registered nominee can submit the claim request in case of death of the insured. You can check the nominee details from either Equitas SFB or from the Mutual Fund House directly. At any point in time, you can also change the nominee details as per your desire.

It takes 45 calendar days for the Insurance claim to be processed from the receipt of Claim request by Life Insurance Company in case of death of the insured.