Why a Limit of Only 100 Registrations?

We will start accepting registration from 14-Feb-2025 7pm onwards, and the registration window will close as soon as we receive 100 valid registrations, or 31-Mar-2025 midnight, whichever is earlier.

Limiting registrations to only first 100 registration is NOT a marketing gimmick, but is borne out of a real operational challenge/constraint. The ULIP company whose ULIP products we were distributing till as recently as Oct-24 (as indeed almost every other ULIP company in the industry) abruptly introduced a few key changes in the cost structure of their ULIP products, as part of which allocation charges of varying quantum were introduced in all the ULIP plans (allocation charges are the equivalent of what used to be “entry loads” charged by mutual fund houses until 2009, which is when SEBI banned the practice of charging entry load). At metacaps.ai, since our inception, we have been guided by a strong commitment to offer only “Zero-allocation Charge” ULIPs to our clients, and therefore we had to take the difficult decision of discontinuing the distribution of the newly introduced ULIP plans of the partner ULIP company, whose plans we were distributing up until Oct-24.

We have since tied up with HDFC Life Insurance Company, so as to distribute the Click2Invest ULIP Plans offered by the company. Click2Invest is arguably the only ULIP plan across the life insurance industry that is available for distribution through the agent network and yet, is genuinely free of any allocation charges (most ULIP companies have either discontinued their Zero-allocation ULIP Plans altogether after Oct-24, or have limited the sale of the same only thru their own website/apps). However the tie-up with HDFC Life had to be consummated in such a limited time frame that we have NOT had the time so far to complete a tech-integration with HDFC Life. As a result, any rebalancing / switching between funds in our client portfolios necessitated as per our proprietary AlphaSIP® logic will have to executed by our team on behalf of our clients manually every month. And the need to manage the monthly rebalancing / switching between funds in our client portfolios manually means that we can only serve a limited number of clients for now, given our current operational bandwidth.

We are of course working with HDFC Life to complete a tech-integration, so that eventually, we can automate the process of monthly rebalancing / switching between funds in our client portfolios. This will help make our systems scalable and will help us get rid of any limits/constraints on the number of clients we can on-board at any given point. But for now, given our current operation bandwidth, we have no choice but to limit the number of clients we can on-board during the onboarding window that will be open till 31-Mar-2025 to just 100!