Financial planners are increasingly recommending investors to opt for systematic investment plans (SIPs) in mutual funds that come with a free term-insurance cover.
Currently, this is offered by three fund houses — ICICI Prudential MF, Aditya Birla Sunlife MF and Reliance MF — on select schemes in the equity, hybrid and fixed income categories.
As competition increases in the asset management space and fund houses rush to draw investors, fund managers are expected to fine-tune ..
