Mutual Funds Details

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the fund type of Emerging Leaders fund?

Debt Fund

Balanced Fund

Liquid Fund

Equity Fund (correct)

What is the Segregated Fund Index Number (SFIN) of India Multi-Cap Equity Fund?

ULIF02020/12/17EMLEDEQFND136

ULIF01816/08/16IMCAPEQFND136 (correct)

ULIF02218/03/24MIDMIEQFND136

ULIF00607/01/10EQUTYIIFND136

Which of the following funds is classified as a Balanced Fund?

Balanced Plus Fund (correct)

Large Cap Advantage Fund

Growth Plus Fund

Midcap Momentum Growth Index Fund

What is the type of fund that Liquid Fund is classified as?

Liquid Fund Signup and view all the answers

Which of the following funds has a SFIN of ULIF02109/06/20LARCPADFND136?

Large Cap Advantage Fund Signup and view all the answers

Where can you access the value of your policy wise units and fund wise NAV?

Company's website Signup and view all the answers

What is the type of fund that Debt Fund is classified as?

Debt Fund Signup and view all the answers

Which of the following funds has a SFIN of ULIF00409/07/08INDEBTFUND136?

Debt Fund Signup and view all the answers

What is the type of fund that Midcap Momentum Growth Index Fund is classified as?

Equity Fund Signup and view all the answers

Which of the following funds has a SFIN of ULIF00514/07/08LIQUIDFUND136?

Liquid Fund Signup and view all the answers

What is the term used to refer to both Source STO Fund and Target STO Fund together?

STO Funds Signup and view all the answers

What is the minimum Premium Payment Term (PPT) for which the switching of funds takes place?

10 years Signup and view all the answers

What is the purpose of switching funds from Source STO Fund to Target STO Fund?

To increase the returns on investment Signup and view all the answers

What is the frequency of switching funds from Source STO Fund to Target STO Fund?

Monthly Signup and view all the answers

What determines the percentage of units to be switched from Source STO Fund to Target STO Fund?

Policy year Signup and view all the answers

Which of the following is NOT a Target STO Fund?

Fixed Income Fund Signup and view all the answers

What is the maximum percentage of units switched from Source STO Fund to Target STO Fund in a policy month?

1/12 Signup and view all the answers

What happens to the units in the Source STO Fund when they are switched to the Target STO Fund?

They are cancelled and new units are purchased in the Target STO Fund Signup and view all the answers

What happens to the policy in the event of a claim for death being admitted by the insurer?

The policy will continue to be kept in-force by the insurer by funding all future premiums. Signup and view all the answers

Which of the following charges will continue to be deducted from the unit account until the Maturity Date?

All charges except Mortality Charges and Premium Funding Benefit charges. Signup and view all the answers

In which fund will the premiums funded by the insurer be invested?

In various Unit Linked Funds in the same allocation proportion as last chosen by the policyholder. Signup and view all the answers

What is the percentage of Loyalty Addition for Emerging Leaders Equity Fund, India Multi Cap Equity Fund, Midcap Momentum Growth Index Fund, Equity II Fund, Growth Plus Fund, and Balanced Plus Fund?

0.50% Signup and view all the answers

What happens to the loyalty additions if the policy is in discontinuance or reduced paid-up state?

Loyalty additions will not be added to the Unit Linked Fund. Signup and view all the answers

What is the percentage of Loyalty Addition for Large Cap Advantage Fund, Debt Fund, and Liquid Fund?

0.25% Signup and view all the answers

What will happen to the fund value at maturity?

The fund value will be payable as a lump sum or as per Settlement Option chosen by the policyholder. Signup and view all the answers

When will the Premium Funding Benefit cease?

When the policy enters discontinuance or reduced paid-up state. Signup and view all the answers

Study Notes

Fund Details

The table displays fund details, including name, initial fund allocation, number of units, NAV, and amount.
Funds listed include Emerging Leaders Equity Fund, India Multi-Cap Equity Fund, Midcap Momentum Growth Index Fund, Equity II Fund, Growth Plus Fund, Balanced Plus Fund, Large Cap Advantage Fund, Debt Fund, and Liquid Fund.

Segregated Fund Index Number (SFIN)

Each fund has a unique SFIN number.
SFIN numbers are listed for each fund, including Emerging Leaders Equity Fund, India Multi-Cap Equity Fund, Midcap Momentum Growth Index Fund, and others.

STO Funds

Source STO Fund and Target STO Fund are referred to as "STO Funds".
Source STO Fund consists of Liquid Fund, and Target STO Fund consists of Equity II Fund, India Multi-Cap Equity Fund, Emerging Leaders Equity Fund, or Large Cap Advantage Fund.
For policies with a premium payment term (PPT) greater than or equal to 10 years, the fund value available in the Source STO Fund at the beginning of each month will be switched to the Target STO Fund.

Premium Funding Benefit (PFB)

PFB is applicable under the plan option only.
In the event of a death claim, the policy will continue to be kept in-force by funding all future premiums as and when due from the date of death until the end of the premium payment term.
All charges except mortality charges and PFB charges will continue to be deducted from the unit account until the maturity date.
Loyalty additions will not be added to the unit-linked fund(s) if the policy is in discontinuance or reduced paid-up state.

Loyalty Additions

Loyalty additions are applicable to certain funds, including Emerging Leaders Equity Fund, India Multi-Cap Equity Fund, and others.
Loyalty additions are 0.50% for some funds and 0.25% for others.
Loyalty additions will not be added to the unit-linked fund(s) if the policy is in discontinuance or reduced paid-up state.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

This quiz covers the details of various mutual funds, including their names, initial allocations, number of units, NAV, and amounts. It also includes SFIN numbers for each fund.