Monday, September 19, 2011

Prajna Capital

Prajna Capital

What are ‘dormant’ Bank accounts?

Posted: 19 Sep 2011 06:20 AM PDT


   If there has been no transaction in your savings bank account for two years, except for interest payments credited by your bank, the bank will classify your account as inoperative or dormant. You will not be able to use your ATM card, issue cheques or transact in the account without reactivating it.


   For the purpose of classifying an account as inoperative, both the types of transactions - debit as well as credit transactions - induced at the instance of the account holder as well as a third party should be considered. Recently, the Reserve Bank of India (RBI) asked banks to track dormant accounts, so they can either be revived, or the balance can be transferred to a new account or the legal heirs. According to the RBI, there are 10 million dormant accounts in the banking system. These dormant accounts have unclaimed deposits of around Rs 1,700 crores.


   The RBI has asked banks to make an annual review of such accounts and write to the account holders asking for reasons for the dormancy. The RBI wants banks to track account holders through the telephone or email, their legal heirs, the introducer, or employer in cases where letters remain unanswered.


   Deposit accounts - savings and current - are treated as dormant (there is no credit or debit other than crediting of periodic interest or debiting of service charges) if there are no transactions in them for over two years.


   If an account holder has moved from a locality, the bank should seek details of the new bank account to which the balance can be transferred. In case an account holder gives reasons for not operating the account, the bank should continue classifying the account as an operative account for one more year within which the account holder should operate the account.

 

However, if the account holder does not operate the account during the extended period, the bank can classify the account as inoperative.

FD interest counts as transaction    

Where an account holder has given a mandate to credit interest from fixed deposits to a savings account, even if there are no other operations in that account, it should be treated as operative. The savings bank account can be treated as inoperative only after two years from the date of the last credit entry of interest from a fixed deposit. Since the interest on a fixed deposit is credited to a savings bank account because of a mandate, it is treated as a account holder induced transaction. As such, the account will be treated as an operative account as long as the interest is being credited to it.

Reactivating dormant account    

You can have an account reactivated by contacting the bank, without paying any charges. Banks are expected to exercise due diligence in verifying the person's credentials before reactivating his account. The actual process of reactivation may vary from bank to bank. The bank may request a written application signed by all joint holders of the account, irrespective of operating mode, to reactivate it. All joint holders must comply with the Know Your Customer (KYC) norms currently in force, if they have not been complied with earlier.

The safest way to avoid it:

1) Keep only required number of bank accounts
2) Close all accounts which are no longer required
3) Ensure you make at least one transaction in your account regularly

 

LIC Nomura Mutual Fund

Posted: 19 Sep 2011 04:54 AM PDT

Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989 and contributed Rs.2 Crores towards the corpus of the Fund. LIC Mutual Fund was constituted as a Trust in accordance with the provisions of the Indian Trust Act, 1882.

Debt Schemes

Open Ended

 

Mutual Fund Review: LIC Nomura Bond Fund

Objective:
To generate an attractive return for its investors by investing in a portfolio of quality debt securities and money market instruments.

Liquidity:
Unitholders can redeem their units on an on going basis on any business day.

Exit Load:
0.5% if repurchase is before 6 months from the date of allotment of units for investments upto to Rs. 50 lakhs.
0.25% if repurchase is before3 months from the date of allotment of units for investments greater than Rs. 50 lakhs

Minimum Subscription:
Rs. 5000/-.

Mutual Fund Review: LIC Nomura MF children´s Fund

Objective:
To generate long term capital appreciation through a judicious mix of investment in quality debt and equity instruments at relatively low risk levels through research based investments.

Liquidity:
Units for sale will be available on an ongoing basis on all business days not later than 30 days from the closure of initial offer period.

Options:
The Scheme is growth oriented and is inclusive of SIP/SWP to address needs of regular investment/withdrawal of the investor.

Accident Insurance Benefits:
A Free Personal accident cover to domestic resident unit holders equal to 10 times the amount invested subject to a maximum of Rs. 3 Lacs.

Flexibility:
The Scheme offers the flexibility to switch among various other schemes and options offered by the LIC Mutual Fund keeping in mind changing investment needs.

Transparency:
Disclosure of NAV on a daily basis at the end of each business day. Periodical disclosure of portfolio as well as publication of yearly and half-yearly accounts.

Ideal Gifts:
Units of the Scheme are also Ideal as gift for children less than 18 years of age.

Issue Price:
Sales will be at Face Value of Rs. 10/- per unit during the initial offer period and at NAV related prices subsequently subject to entry load conditions.

 

Mutual Fund Review: LIC Nomura MF Floater MIP - Plan A

OBJECTIVE: To generate regular income by investing mainly in floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk and at the same time aiming at generating capital appreciation in a long term by investing in equity / equity related instruments.

Exit Load:
• For application upto 25 lakh : 0.50% if exit within 6 months from the date of investment
•  For application size > 25 lakh : 0.25% if exit within 3 months from the date of investment.

Plan:
Invest maximum 20% of the corpus in equity or equity related instrument.

Option:
Each Plan offers Investment under four options namely 1) Monthly Dividend 2) Quarterly Dividend 3) Yearly Dividend 4) Growth. Monthly, quarterly, and yearly dividend option will have dividend payout and reinvestment facilities.

Special Facilities:
Systematic Withdrawal Plan (SWP), Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and Automatic Withdrawal of Capital Appreciation plan (AWOCA). SWP, STP, and AWOCA plans will be available under growth option only.

Transparency:
Disclosure of NAV on a daily basis at the end of each business day. Periodical disclosure of portfolio as well as publication of yearly and half-yearly accounts.

Repatrition Facility:
NRIs, FIIs and PIOs may invest in the scheme on full repatriation basis. (Investment will be governed by rules laid down by RBI/SEBI in this regard).

Issue Price:
Sales will be at NAV related prices on an ongoing basis, on all business days except during book-closure, if any.

Mutual Fund Review: LIC Nomura MF Floater MIP - Plan B

Plan B will invest maximum 10% of the corpus in equity or equity related instruments rest same as LICMF Floater MIP - Plan A.

 

Floating Rate Fund - STP

Objective:
The investment objective of the Scheme is to generate consistent return by investing mainly in a floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk for the investor.

Options:
The Scheme offers Investment under the Growth Option and Dividend option. Dividend option is having payout and reinvestment facility.

Initial Offer Price:
Rs. 10/- per unit.

Minimum Investment:
Rs. 5000/- and thereafter in multiples of Rs. 500/-.

Nav Declaration:
Nav calculated up to 4 decimal places and declared on all calender days.

Easy Liquidity:
Licmf Floating Rate Fund - STP provides investors with easy liquidity where investors can redeem their investments at Area office / business centres and other authorised centres.

Repatriation Facility:
NRIs, OCBs, FIIs and PIOs may invest in the scheme on full repatriation basis. (Investment will be governed by rules laid down by RBI/SEBI in this regard).

Mutual Fund Review: LIC Nomura MF Govt Securities Fund

Options:
There are three plans to choose from

a). Dividend Plan for investors desiring regular income and
b). Dividend Reinvestment Plan for investors desiring accumulation of Income
c). Growth Plan for investors opting for growth

Liquidity:
The Scheme is Open-Ended. Unitholders can redeem their units on an on going basis on any business day.

Entry/Exit Load:
The scheme has no entry load at present. Exit load of 0.50% is applicable within three months from the date of invesment for investment upto 50 lacs. This will be effective w.e.f 01/02/2003 to 31/03/2003. For investments above 50 lacs, no exit load is applicable.

Minimum Subscription:
Rs. 10000/-

Mutual Fund Review: LIC Nomura MF Liquid Fund

Objective:
An open ended scheme which seeks to generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market instruments and quality debt instruments.

Liquidity:
On an ongoing basis units for sale and repurchases will be available on all business days after 4 days from the closure of initial offer period.

Choice Of Options:
(A) Dividend Reinvestment
(B) Growth Options.

Flexibility:
Unit holders will have the flexibility to switch among the schemes and options offered by the LICMF.

Mutual Fund Review: LIC Nomura MF Liquid Plus Fund

Objective:
The investment objective of the Scheme is to generate regular income by investing mainly in quality debt and money market instruments.

Exit Load:
0.5% for investment of Rs. 10 lakh or less if redeemed within 6 months from date of investment.

Liquidity:
MIP provides investors with easy liquidity where investors can redeem their investments at any time at Area office centers and other authorised centers.

Mutual Fund Review: LIC Nomura MF Short Term Plan

Objective:
The investment objective of the Scheme is to generate income by investing in a portfolio of quality short term debt securities.

Options :
The Scheme offers Investment under the Growth & Dividend option. In Dividend option, investor can choose from dividend payout / dividend re-investment option.

Minimum Investment:
Rs. 10000/-

Easy Liquidity:
Fixed Maturity Plan provides investors with easy liquidity where investors can redeem their investments at authorised centres.

Mutual Fund Review: LIC Nomura MF Monthly Income Plan

Close Ended


LIC Nomura MF Systematic Asset Allocation Fund

 

LIC Nomura MF Dhanasahayog

Objectives:
An open ended Income and Growth scheme which seeks to provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt.

Issue Price:
Sales at NAV related prices subject to entry load conditions.

Liquidity:
The scheme has no lock-in period. Units for sale will be available on an ongoing basis, on all business days.

Entry/Exit Load:
The scheme has an entry load of 1% and an exit load of 2% at present.

Options:
The Scheme offers investment under three Plans viz.

1. Plan A- Dividend
2 Plan B - Dividend Reinvestment
3 Plan C- Growth

Flexibility:
The Scheme offers the flexibility to switch among the various other schemes and options offered by the LIC Mutual Fund, keeping in mind the changing investment needs.

Minimum Investment:
Minimum investment of Rs 1000/- and thereafter in multiples of Rs.500/- for individuals and Minimum investment of Rs.10000/ - and thereafter in multiples of Rs1000/- for institutions

Equity Schemes

Open Ended

Mutual Fund Review: LIC Nomura  MF Dhanasamriddhi

Objectives:
An open ended pure Growth scheme seeking to provide capital growth by investing mainly in a mix of equity instruments.

Issue Price:
Sales will be at NAV related prices
Liquidity:
The scheme has no lock-in period. Units for sale will be available on an ongoing basis on all business days.

Entry/Exit Load:
The scheme has an entry load of 1% and no exit load at present.

Options:
The Scheme is totally growth oriented .

Flexibility:
The Scheme offers the flexibility to switch among the various other schemes and options offered by LIC Mutual Fund keeping in mind the changing investment needs.

Minimum Investment:
Minimum investment Rs. 5000/-

 

Mutual Fund Review: LIC Nomura MF Opportunity Fund

Objective:
The investment objective of the scheme is to provide capital growth in long-term with reasonable risk levels by investing mainly in companies which are in sector/s, which have a high growth potential at that point of time.

Entry Load:
Investment upto 1 Crore : 2.25%
Investment above 1 Crore: Nil

Options:
The scheme offers investment under two options namely Dividend & Growth. In Dividend option, one can choose from Dividend re-investment or Dividend pay-out.

Special facilities:
Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP) and Preset Trigger Options. SWP, STP, and Preset Trigger Option will be available under growth option only.

Offer Price:
Rs. 10/- per unit at par during new fund offer and subsequently at NAV related price on an ongoing basis.

Minimum Investment:
Rs. 5000/- and thereafter in multiples of Re.1/-.

Mutual Fund Review: LIC Nomura MF Equity Fund

Objectives:
An open ended pure Growth scheme seeking to provide capital growth by investing mainly in mix of equity instruments.

Issue Price:
Sales will be at NAV related prices.

Liquidity:
The scheme has no lock-in period. Units for sale will be available on an on going basis, on all business days.

Entry/Exit Load:
The scheme has an entry load of 2% and no exit load at present.

Options:
The Scheme is totally growth oriented .

Flexibility:
The Scheme offers the flexibility to switch among the various other schemes and options offered by the LIC Mutual Fund, keeping in mind the changing investment needs.

Transparency:
Disclosure of NAV on a daily basis at the end of each business day. Periodical disclosure of portfolio as well as publication of yearly and half-yearly accounts.

Minimum Investment:
Minimum investment Rs. 2000/- .There is no upper limit on investments.

Other Schemes

LIC Nomura MF Index Fund Nifty Plan
LIC Nomura MF Index Fund Sensex Advantage Plan
LIC Nomura MF Index Fund Sensex Plan
LIC Nomura MF Tax Plan
LIC Nomura MF Dhanaraksha 1989

 

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

 

 

 

Tata Growth Fund

Posted: 19 Sep 2011 01:56 AM PDT

Objective

To provide reasonable and regular income along with possible capital appreciation to its unitholder.

Option Available

Dividend Option, Growth Option & BonusOption.

Entry Load

For investment amount > = Rs 5 crores or more: Nil.
For investment amount < Rs 5 crores: 2.25%.
No entry load will be charged on investment made by the Fund of Fund scheme.

Minimum Application Amount

Rs.5,000/- & in multiples of Re.1/- thereafter.

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

 

 

Equity ETFs or Diversified Equity Funds, which one will you choose?

Posted: 19 Sep 2011 12:30 AM PDT

The importance of being active couldn't have been explained better. To put it simply, one needs to be active in his or her daily life, if one desires to succeed. An active mind always helps in making sound decisions which otherwise (if you are not active) could lead to chaotic situations (one does not make the right decision).

 

On the other hand if you remain passive (i.e. not active) in whatever you do, you will surely see yourself at the losing end.

 

Now, that you are aware of how important it is to be active, make sure that your investments are active in generating long term growth in order to make you wealthy as well as healthy.

 

While investing in mutual funds too, you investors need to be careful while selecting the right mutual funds according to your ability to bear risks. You need to keep in mind that while there are mutual fund schemes which are actively managed in order to outperform their respective benchmarks and provide a phillip to your returns, there are some passively managed funds too, with an aim to mimic or imitate their benchmarks in terms of returns and composition.

 

Let us probe further into this.

 

Actively managed mutual funds

 

Actively managed mutual funds or diversified equity schemes as we call them are always on a constant look out for opportunities across various market segments in order to generate superior returns with sole intention to beat their selected benchmark indices. The fund managers actively participate in managing these funds in order to provide superior returns; while at the same time intend to minimize the associated risks.

 

Advantages:

 

·                  Superior returns

·                  Diversification across various sectors and market capitalizations

·                  Flexibility and liberty to change investment style and strategy to minimize risk or boost funds performance

 

Disadvantages:

 

·                  Medium to high to very high risk profile

·                  High transaction cost and expenses

 

Passively managed funds

 

On the other hand passively managed funds or Index Funds or Index Exchange Traded Funds (ETFs) imitate their respective benchmarks in terms of composition and returns. Their sole objective is to mirror the performance of their respective benchmark indices. Over here the fund managers are not as active as they are in managing diversified equity funds, but let the fund perform in line with the respective index.

 

Advantages:

 

·                  Low transaction cost and expenses

·                  Market related risks

·                  No need to actively track the performance

 

Disadvantages:

 

·                  No flexibility to change investment style and strategy to minimize risk or boost funds performance

·                  Limited investment universe

·                  Less diversification across market capitalizations

 

Why are we here talking about active and passive funds, when our intention was to enlighten you about Diversified Equity Funds and Equity Exchange Traded Funds

 

Well, Diversified Equity Funds are actively managed funds and Equity ETFs are mostly passively managed funds but some fund managers are trying to make these ETFs actively managed by using re-allocation strategy but holding stocks from the selected Index itself.

 

As Equity ETFs despite being passively managed are soon catching the eyes of the investors with some recent innovative launches and ease to trade, so here we are going to talk about Equity ETFs and nothing about Index funds which continue to hold their old passive management style.

 

Now, that you are already aware of the advantages and disadvantages of both active and passive funds, let us first look at some of their performances in order to have a clear idea.
 

Tata Capital Builder Fund, Tata Indo-Global Infrastructure Fund and Tata Growing Economies Infrastructure

Posted: 18 Sep 2011 10:59 PM PDT

Tata Capital Builder Fund

 

Objective
To generate capital appreciation over a period of 3 years by investing predominantly in equity & equity related instruments of companies across large, mid and small market capitalisations.

Tata Indo-Global Infrastructure Fund

 

Objective
To generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated to have their area of primary activity, in India and other parts of the World.

Tata Growing Economies Infrastructure

 

Objective
Plan A:   Investment objective of the scheme is to generate capital appreciation / income by investing predominantly in equities of companies in infrastructure and other related sectors in the growing economies of the world and in India. The investment focus would be guided by the growth potential and other economic factors of the countries. Atleast 51% of the net assets would be invested in geographies outside India.

Plan B:   Investment objective of the scheme is to generate capital appreciation / income by investing predominantly in equities of companies in infrastructure and other related sectors in India and other growing economies of the world. The investment focus would be guided by the growth potential and other economic factors of the countries.
 

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

 

Equity Funds from Birla Sun Life Mutual Funds

Posted: 18 Sep 2011 09:20 PM PDT

Birla Sun Life Long Term Advantage Fund

Objective
Long-term capital appreciation, by investing predominantly in a diversified portfolio of equity and equity related securities.

Birla Sun Life Tax Plan

The fund offers superior growth opportunities and avail benefits under Section 80C of the Income Tax Act, 1961.

Birla Sun Life Equity Fund

This Fund enables investors to capitalize on the immense growth opportunities provided by the stock market while at the same time minimizing the risk.

Birla Sun Life Midcap Fund

Birla Midcap Fund is an open ended growth fund which focuses on investing in the Midcap segment of the market with a disciplined investment approach.
The fund seeks to achieve long-term growth of capital at controlled level of risk by primarily investing in Mid Cap Stocks.

Birla Sun Life Special Situations Fund

The objective of the scheme is to generate long-term growth of capital by investing in a portfolio of equity and equity related securities. The scheme would follow an investment strategy that would take advantage of special situations and contrarian investment style.

Birla Sun Life Top 100 Fund

Birla Top 100 Fund is an open ended growth scheme which will focus on investing predominantly in a diversified portfolio of Large Cap stocks.

Birla Sun Life Long Term Advantage Fund - Series 1

The objective of the fund is to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap.

Birla Sun Life Dividend Yield Plus

Birla Dividend Yield Plus has a portfolio that seeks to provide a combination of high dividend yield, Substantial capital protection and strong possibility of capital gains

Birla Sun Life Index Fund

Birla Index Fund is an open ended Index Linked Growth Scheme with an objective to generate returns that are commensurate with the performance of the Nifty.
 

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

 

Use these useful tips to become a master of stock market investing

Posted: 18 Sep 2011 07:54 PM PDT

Be strict with your stop loss: It means when you are losing money, cut your losses and get out of the market. Similarly, if you are on a winning spree, setting a proper stop loss will protect your profits when the stock markets start going down.

Learn whenever you suffer a loss: We lose money in the market due to our mistakes. Find out where you went wrong and ensure you don't repeat it.

Avoid greed: It is easy to put money in a dud stock just because it is going up. But remember this price rise is due to market manipulation rather than any genuine change in the company's financial situation.

Avoid leveraging: Many people borrow heavily from others in order to maximize their profits. Though this may work in certain instances, it can also cause massive losses if the market cycle turns. This can lead to financial as well as mental stress, and can lead to destruction of family lives as well as suicides in certain instances.

Don't act if you are not sure which way the stock markets will move: In such instances, it is better to be a passive onlooker instead of participating in the market action.

Read a lot: There are many good books on investing available on the subject. Always keep on updating your knowledge. Also follow thoughts and opinions given by respected investors like Warren Buffet, Rakesh Jhunjhunwala etc. It will expand your knowledge and help you tackle any market situation comfortably.

Limit the number of stocks: Ensure your holding comprises not more than 20 stocks. Also ensure these stocks are from companies operating in different sectors to protect your portfolio from losing its value.

Don't use various investment strategies: If you are comfortable with buy and hold strategy, use the same one for all your stocks. Otherwise you might be confused with which strategy actually helps you make money.

Remain patient and disciplined, whatever the market condition: If the markets are crashing don't get out of the market, but wait for the market to go up. Also don't continue to invest in the stock, simply because it is going up.

Choose stocks as per your risk profile instead of the returns they generate: If you are not comfortable with the high volatility of the small and mid-caps, don't invest in them simply because they offer high returns.

Investing in equities is an enriching experience, both financially and intellectually. However it is a long-term process. Follow the tips above to ensure you get the most out of your stock market investments.

 

Senior citizens Health insurance policy features

Posted: 18 Sep 2011 10:02 AM PDT

 

In this case, you will have to opt for the specifically designed senior citizens' policy. The common features of these policies are:

1.       Diseases covered: These plans cover those diseases which are more common in aged people like that of heart attack, cardiac diseases, renal complications and surgeries.

2.       Age of entry: Generally, age of entry or renewal age is fixed at a maximum of 60 years in individual policies. However, in senior citizen policies, the age of entry is higher and can go up to lifetime. The examples of lifetime renewal policies are Star Health Red Carpet, which lets you enter at a maximum age of 65 years and renewal till lifetime.

3.       Domiciliary treatment: The medical treatment taken at home, if the patient is not in a condition to travel to hospital, is called domiciliary treatment. The expenses incurred during domiciliary treatment are usually reimbursed under senior citizen policies but not under individual health policies.

4.       Special discounts: These plans do offer special discounts on disclosure of vital information. Discounts are offered on premiums are offered, if the certificates of ailments are produced. These ailments include BP report, sugar and blood urea report and other such reports. A discount of up to 10 per cent is given to senior citizens.

5.       Pre-existing diseases: Usually, health insurance plans cover pre-existing diseases only after the completion of 3 or 4 policy years. But in senior citizen plans, the waiting period is usually 1-2 years.

6.       Critical illnesses covered: One of the major advantages of senior citizen policies is that they cover the critical illness and individual does not have to buy a separate critical illnesses policy or rider for it.

 

Disadvantages
 

1.       Senior citizen policies are expensive as their premium is higher and therefore are little unattractive.

2.       Also, the sum assured seems to be inadequate to cover medical costs that could prove more expensive for elderly.

3.       Though the waiting period in these policies is smaller but it is still long for senior citizens as they are prone to diseases.

4.       Exclusions would include non-allopathic treatment. However, elderly usually trust and go for non-allopathic treatments, amounting to expenses incurred by individuals.  

5.       Co-payment is the part of expenses that the insured person has to pay out of his pocket as a contribution towards health expenses incurred by him. Co-payment is higher in case of senior citizens. Since claims are bound to happen in case of senior citizens, insurers want to make sure that over-spending is not being done at their cost. To be safe, they raise the co-payment ratio in these policies to make the insured responsible for his health and expenses there on.

 

Despite these disadvantages, senior citizen plans come to your rescue when all other health plans decide to leave you in lurch when most required. These plans care for you when all others back out. So, it is good to invest in these plans as soon as you are eligible, so that by the time you actually need their services, the waiting period is already over.

 

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

 

 

 

UTI Mutual Fund

Posted: 18 Sep 2011 09:19 AM PDT

UTI Bank has well-qualified, professional fund management teams, who have been highly empowered to manage funds with efficiency and accountability in the interests of unit holders. The fund managers are also ably supported with a strong in-house equity research department. To ensure better management of funds, a risk management department is also in operation.

UTI Mutual Fund has a product to meet every need of an individual/ institution, appropriate to his risk return profile and financial goals.

A nationwide network consisting of 97 UTI Financial Centres (UFCs) and UTI International offices in London, Dubai and Bahrain. With a view to reach out to common investors at the district level, representative satellite offices have also been opened in most towns and districts.

Liquid Funds

UTI-Liquid Cash Plan

Type Of Scheme
Open Ended Liquid Fund

Date Of Inception
23/06/2003

Scheme Objective
The scheme seeks to generate steady & reasonable income with low risk & high level of liquidity from a portfolio of money market securities & high quality debt.

Asset Allocation
Min. 65% in Money Market Instrument & Max. 35% in Debt.

Face Value
Rs. 1,00,000/-

Min Investment Amt
Cash Plan - Rs. 1 Lakh

 

Mutual Fund Review: UTI Money Market Fund

Type Of Scheme
Open Ended Liquid Fund

Date Of Inception
23/04/1997
Scheme Objective
An open-ended pure debt liquid plan, seeking to provide highest possible current income, by investing in a diversified portfolio of short-term money market securities.

Asset Allocation
100% Debt & Money Market.

Face Value
Rs.10/-

Min Investment Amt
Rs. 10,000/-

Debt Funds

 

Mutual Fund Review: UTI Variable Investment Scheme

 

Type Of Scheme
Open Ended Liquid Fund

Date Of Inception
07/11/2002

Scheme Objective
UTI VIS-ILP is an open ended scheme with the objective of providing the investors with a product that would enable them to diversify their risks through a suitable allocation between debt and equity asset classes and thereby generate superior risk-adjusted returns through a dynamic asset allocation process.

Asset Allocation
At most 80% in equity and not less than 20% in Debt.

Face Value
Rs.10/-

Min Investment Amt
Rs. 5,000/-

Entry Load
Entry Load 1.5% For Rs.< 2 Crores; Nil For > = Rs.2 Crores

 

Mutual Fund Review: UTI Master Index Fund

 

Type Of Scheme
Open Ended Liquid Fund

Date Of Inception
01/06/1998

Scheme Objective
UTI MIF is an open-ended passive fund with the primary investment objective to invest in securities of companies comprising the BSE sensex in the same weightage as these companies have in BSE sensex. The fund strives to minimise performance difference with the sensex by keeping the tracking error to the minimum.

Asset Allocation
100% Equity

Face Value
Rs.10/-

Min Investment Amt
Rs. 5,000/-

Other Plans Debt Funds Are

1). UTI-Gold Exchange Traded Fund
2). UTI-Index Select Fund
3). UTI-Nifty Index Fund
4). UTI-Sunder

 

Balanced Funds

 

Mutual Fund Review: UTI Mahila Unit scheme

Type Of Scheme
Open Ended Liquid Fund

Date Of Inception
08/03/2001

Scheme Objective
To invest in a portfolio of equity/equity related securities and debt and money market instruments with a view to generate reasonable income with moderate capital appreciation. The asset allocation will be Debt : Minimum 70%, Maximum 100% Equity : Minimum 0%, Maximum 30%.

Asset Allocation
Debt- Minimum 70%, Maximum 100%, Equity - Minimum Nil, Maximum 30%

Face Value
Rs.10/-

Min Investment Amt
Growth Option Rs. 1,000/- Income Option Rs. 5,000/-

Other Balanced Funds Are

1). UTI-Balanced Fund
2). UTI-Retirement Benefit Pension Fund
3). UTI-Unit Link Insurance Plan
4). UTI-Children Career Bond Plan(Balanced)
5). UTI-Charitable,Religious Trust And Registered Society
6). UTI-Bond Fund
7). UTI-Children Career Plan (Bond)
8). UTI-Floating Rate Fund STP
9). UTI-Gilt Advantage Fund LTP
10). UTI-Gilt Advantage Fund STP
11). UTI-G-SEC STP
12). UTI-G-Sec-Investment Plan
13). UTI-Liquid Plus Fund
14). UTI-Monthly Income Scheme
15). UTI-Mis Advantage Plan
16). UTI-Short Term Income Fund
17). UTI-Capital Protection Oriented Scheme
 

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Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

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Invest in IDFC Mutual Funds Online

 

 

 

 

HDFC MF Monthly Income Plan - Short Term Plan

Posted: 18 Sep 2011 08:22 AM PDT

Objective
To regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme's assets in equity and equity related instruments

Option/Plan
Growth Option,Quarterly Dividend Option,Monthly Dividend Option. The Dividend Option offers Dividend Payout and Reinvestment Facility.

Exit Load (as a % of the Applicable NAV)
In respect of each purchase / switch-in of Units upto and including Rs. 10 lakhs in value, an Exit Load of 0.50% is payable if Units are redeemed / switched-out within 6 months from the date of allotment.
In respect of each purchase / switch-in of Units greater than Rs. 10 lakhs in value, an Exit Load of 0.25% is payable if Units are redeemed / switched-out within 3 months from the date of allotment.

Minimum Application Amount
For new investors : (Growth & Quarterly Dividend Option) – Rs.5000 and any amount thereafter under each option.
(Monthly Dividend Option) . Rs. 25000 and any amount thereafter.
For existing investors : Rs. 1000 and any amount thereafter.

-----------------------------------------------------------------

 

Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

 

 
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