Index Fund Corner
Sponsored
| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
She, in an event organised by ICAI, revealed that the regulator will soon come out with a consultation paper on the proposal.
Currently, many financial products already bundle insurance and investment options together.
SEBI is working on a new product under which investors will have the option to pair mutual fund investments with life insurance. The product is central to the regulator’s mission of expanding financial access, especially in underserved areas.
Also Read: SEBI bars intermediaries from sharing client info with entities offering unauthorised advice
Buch, whose three-year term ends on February 28, explained that the initiative seeks to address the needs of investors, particularly in rural areas, where there is a significant potential to grow systematic investment plans (SIPs), but the current value of investments remains low.
Through this product, she hopes to provide a more attractive, affordable offering that reaches a broader segment of the population. The added benefit is that the marginal cost of the additional life insurance premium would be minimal, considering the existing expenses related to investor onboarding and servicing.
“We are now proposing to come out with a consultation paper again, to try and include insurance pure and simple vanilla life, term life insurance, along with our mutual funds, which is our main product for financial inclusion, and so that we are able to go, including to people where we have very, very low value SIPs coming from the hinterland, and to be able to offer them a combo product of term life insurance along with the mutual fund investment,” Buch said.
Also Read: SEBI mulls modifying investor charter for stock brokers
This new initiative aligns with SEBI’s ongoing efforts to tailor financial products to market needs and drive growth in the investment space.
In addition to this, SEBI is also focusing on leveraging technology to enhance trust in the financial ecosystem.
The regulator is planning another consultation paper aimed at improving the safety and reliability of financial transactions made by investors.
The proposed “Pay Right” initiative will enable investors to verify the authenticity of the UPI (Unified Payments Interface) ID they are transferring money to, through robust KYC (Know Your Customer) due diligence. This measure is designed to combat the growing threat of digital fraud, ensuring that investors can confidently confirm they are making payments to legitimate recipients.
Also Read: India invites applications to head market regulator SEBI as Buch’s tenure ends in Feb
Buch emphasised the importance of marrying technology with trust, saying that this new step would help distinguish legitimate financial intermediaries from fraudsters and reinforce investor confidence in the digital ecosystem.
The regulator also touched upon the topic of digital assurance.
With these initiatives, SEBI aims to enhance the financial inclusion of Indian investors while tackling issues related to trust and security in the rapidly evolving digital landscape.