Friday, November 11, 2011

Prajna Capital

Prajna Capital

Templeton India Corporate Bond Opportunities Fund - NFO

Posted: 11 Nov 2011 04:13 AM PST

 

Franklin Templeton Mutual Fund has launched another open-end income fund: Templeton India Corporate Bond Opportunities Fund.

 

Investment Objective


The scheme will primarily invest in medium and short term securities issued by corporates. It will focus on corporate bonds with moderate maturity and relatively higher accruals. Its average maturity will never exceed three years.

 

Fund Manager


Mr. Umesh Sharma and Mr. Sachin Padwal-Desai will manage the fund together.


Mr. Umesh Sharma is a Commerce Graduate and a CS and CA. Prior to this, he has worked with ICICI Bank Ltd. as Research Analyst and with UTI and JM AMC as a Dealer.

Mr. Desai is an engineer and an MBA from IIM, Bangalore. He has also worked with ICICI Bank, Infosys Technologies and Thermax.

Mr. Sharma and Mr. Desai manage almost all debt funds and FMPs, together with other fund managers.
 
Fund House

Franklin Templeton Mutual Fund has around Rs 36,000 crores of assets under management as on September 30, 2011. Half of these are under fixed income funds.
 
Basic Details

NFO Opens: November 15, 2011
NFO Closes: November 29, 2011
NFO Price: Rs.10/-
Options: Growth & Dividend (Payout & Reinvestment)
Minimum Application Amount: Rs. 5000 and in multiples of Re.1 thereafter
Cap on Investment: Rs.5 crore per application per day
Exit Load: 3% if redeemed within 12 months, 2% if redeemed after 12 months but within 24 months and 1% if redeemed after 24 months but within 30 months from the date of allotment
Benchmark: Crisil Short Term Bond Fund Index
Fund Manager: Umesh Sharma and Sachin Padwal-Desai
 

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Mutual Funds: What is Expense Ratio?

Posted: 11 Nov 2011 03:26 AM PST

 

The fund manager who along with his team of analysts are employees of asset management companies; the AMC charges a fee for lending the expertise of the fund management team which forms the fund management charges. Since August 2009, when SEBI abolished entry load for mutual funds investors have to bear only the fund management charges which is less than 1.00 per cent for debt funds and 1.5 to 2.5 per cent for equity funds. Whether you are investing online or through a bank or brokerage or even directly with the AMC, the fund management fee is deduced and is reflected in the expense ratio of the fund that you invest in.
 

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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 IDFC Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in L&T Mutual Funds Online

 

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New FMPs from SBI Mutual Fund

Posted: 11 Nov 2011 02:33 AM PST

SBI Mutual Fund has launched SBI Debt Fund Series 367 Days - 11 & SBI Debt Fund Series 90 Days - 52.
 
 The new fund offer of both the funds will open for subscription between November 15, 2011 and November 22, 2011 for Series 11 and November 28, 2011 for Series 52.

The minimum application amount will be Rs. 5000/- and in multiples of Rs. 1/- thereafter. The schemes will have growth as well as dividend option.
 
They will be listed on Bombay Stock Exchange
 

Tata Young Citizen's Fund Declares a 1:5 Bonus

Posted: 11 Nov 2011 02:04 AM PST

 

Tata Mutual Fund has announced bonus units for the units holder of Tata Young Citizen's Fund. The bonus units will be in the ratio of 1:5 which means one bonus unit for every five units held.


The record date is November 14, 2011.
 

DSP BlackRock Mutual Fund new FMP

Posted: 11 Nov 2011 01:05 AM PST

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP Series 20-12M & DSP BlackRock FMP Series 21-3M.
 
The new fund offer will be open for subscription from November 14, 2011 to November 21, 2011 for Series 20 and from November 17, 2011 to November 24, 2011 for Series 21
 

Health Cover: A family floater is cheaper than individual policies

Posted: 10 Nov 2011 11:21 PM PST

A family floater is cheaper than individual policies for each family member. But, it may not be the best option at all times


THE PROS AND CONS


To begin with, one should understand the difference between an individual cover and a family floater plan. An individual plan covers only the policyholder, where as a family floater covers the entire family, usually comprising self, spouse and two dependent children. There is usually a family discount of up to 10% on the total premium when the husband, wife, dependent children and/or dependent parents are covered under the same policy. Since the insurance company is aggregating risks, the premium is lower.


The other advantage of a floater plan is the flexibility that comes with it. Any family member can lodge multiple claims, totalling . 3 lakh, the sum assured, in a year. So, any member of family can claim up to . 3 lakh. But in an individual cover, only the individual who has taken the policy can make a claim and that too for the amount he/ she is covered for.


A family floater policy is also easier to manage than an individual plan. While renewing, you just need to remember a single date, instead of three or four dates in the case of individual plans.


Also, in a floater, it is easy to add a new family member. But, with individual cover, a fresh policy needs to be taken every time there is an addition to the family. In case of the unfortunate demise of the senior-most member of the family, other members of the family can continue with the floater without losing any benefits. "The surviving members can continue to hold the cover as per the policy terms in the case of the death of the eldest member. The policy can be renew gain with the next eldest member becoming the primary member and the policy continuity benefits can be availed of as per the terms and condition of the plan,.


However, a floater policy carries a rare risk. If a family has a floater plan for a sum assured of say 2 lakh, and if the entire family suffers medical emergencies in an accident, for instance, then in such a case the cover would be inadequate for the family, as each of them may require. 2lakhfortreatment.The individual will then have to shell out money from his/her pocket for treatment. In such a scenario, an individual cover will score better. If there is a medical cost of 2 lakh on each individual due to an accident, each of them can claim 2 lakh, provided they are insured for that amount, and they will not have to shell out from their pockets.


TAKING A CALL


Most of us are diligent while buying health insurance covers. On the face of it, a floater policy does come with the cost benefit when compared with individual policies, but then that should not be the only deciding factor while choosing a plan. You need to consider several other factors, too, to figure out which will suit you better. Age would be one of the important parameters to look at. In a floater policy, the cost is governed by the age of the senior-most member of the family to be covered, says Jacob. So it makes sense for a young family to opt for a floater plan. Also if your parents are above 60, then it is likely that they could have higher claims. Hence, they would be better off with individual plans.
If you are covered by your employer, experts recommend that you buy your own family floater also, to add to the one offered by your employer, as it helps take care of interim periods between job switches. Although you are covered by a floater offered by your company, an additional floater cover is advisable as it would offer coverage to your whole family even if you leave the job or retire. Also floaters help you get additional cover. So, suppose the organisation you work for covers you for . 2 lakh. But if you feel you need a cover of at least . 4 lakh, you can opt for a floater of another . 2 lakh.

 

If the earning member is covered by the employer and does not want to pay double premium, he could opt for a floater.


Some financial planners recommend having an individual cover first and adding a floater to that. As people get afflicted with medical issues separately and at various ages, it is always better to have a primary cover first. If you wish to have higher medical insurance as your age increases, you can take a floater plan, he says.

 

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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 IDFC Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in L&T Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

 

 

Franklin Templeton launches corporate bond fund

Posted: 10 Nov 2011 09:55 PM PST

FRANKLIN Templeton Investments has launched a NFO, Templeton India Corporate Bond Opportunities Fund, aiming to help investors take advantage of the present high yields and to build a strong presence in the pure fixed income space.

The NFO, opens for subscription on November 15 and closes on November 29.

The fund also aims at allowing capitalisation on opportunities by active interplay on credit, liquidity and interest rate opportunities.
 

SBI Debt Fund - New Fund Offer (NFO)

Posted: 10 Nov 2011 08:23 PM PST

 

SBI Mutual Fund has announced the launch of new fund offer (NFO) of SBI Debt Fund Series 367 Days - 10. The new fund offer will be open for subscription only on November 11, 2011. The minimum investment amount will be Rs.5000/- and in multiples of Rs.10/- thereafter. The scheme will have growth as well as dividend option.


It will be listed on the Bombay Stock Exchange.
 

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

 

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 IDFC Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in L&T Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

 

 
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