IRDAI Circular
IRDA circular no. IRDA/F&I/CIR/INV/173/08/2011 dated 29" July 2011 & IRDA circular No. IRDA/ F&I/CIR/INV/234/10/2011 dated 7th October 2011
As per above circular, the insurers were expected to comply with the regulatory requirement of 'single' NAV per segregated fund, ABSLI has created seven separate funds with similar Investment Objectives & Fund Management Charge structure for switching the existing policyholders. Following are relevant details of new funds.
Fund Name | Segergated Fund Identification No. (SFIN) |
---|---|
Group Bond Fund II | ULGF01628/11/11BSLGRBOND2109 |
Group Fixed Interest Fund II | ULGF01728/11/11BSLGFXINT2109 |
Group Growth Fund II | ULGF01828/11/11BSLGROWTH2109 |
Group Money Market Fund II | ULGF01928/11/11BSLGRMMKT2109 |
Group Secure Fund II | ULGF02028/11/11BSLGSECUR2109 |
Group Short Term Debt Fund II | ULGF02128/11/11BSLGSHTDB2109 |
Group Stable Fund II | ULGF02228/11/11BSLGSTABL2109 |
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