Friday, June 13, 2008

Investment Advise

I recd a query
" HI,

I read your article and found interesting on the insurance cover for the Birla MFs. Please do let me know if as an investor I already have a scheme. Is it possible to get the insurance cover? if so what is the procedure to incorporate the insurance into already existing Birla scheme



Srikanth Shankar Matrubai replied : "Sorry Prem Kumar, the insurance scheme is not available for existing investors. It is available and applicable only for fresh SIPs initiated now. The option available to you is to stop the existing sip and start a fresh sip in the same fund and folio which will get the insurance cover.
Best of luck."

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