Prajna Capital

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• Top up on a Health Insurance Plan can give you Extra Cover
• Income Tax Saving through Mutual Fund
• Reliance Life New ULIP - Reliance Life Insurance Classic Plan ­II
• Tata Mutual Fund NFO - Tata FMP Series
• DSP Black Rock Mutual Fund New FMP - DSPBR FMP Series
• SBI Mutual Fund new debt fund - SBI Debt Fund Series
• Indiabulls Mutual Fund new fund - Indiabulls FMP
• Tax Saving Mutual Funds
• Investing is a marathon know more about it

Top up on a Health Insurance Plan can give you Extra Cover Posted: 14 Mar 2012 04:39 AM PDT    Why should I buy a health cover when I am already covered by my employer? Why waste money on the extra premium? These are questions many financial advisors answer everyday — especially on the first meeting with their clients. Most advisors recommend buying an individual cover because there is a chance of losing the cover or going without a cover for sometime when one changes jobs. Also, they believe the quantum of cover offered by the company may prove insufficient in some cases. If the extra premium is the main reason you are ducking an individual cover, then consider buying a top-up plan to the existing corporate health cover. Top-up policies are medical reimbursement policies with high deductibles. Put simply, these policies pay for expenses over and above a certain threshold. For example, say, over. 3 lakh, which could be the cover offered by your company. Suppose an individual meets with an accident and the treatment costs him . 5 lakh. He has a health cover of . 3 lakh from his employer and additional . 10 lakh top-up policy with deductible of . 3 lakh. In such circumstances, . 3 lakh will be paid by the policy bought by the employer and remaining . 2 lakh will be paid by the top-up policy. The top-up policy will pay for expenses upto. 13lakhif the sum assured is . 10 lakh with a deductible of . 3 lakh. If the top-up buyer does not have any other cover, s/he has to bear first . 3 lakh of medical expenses. Top-up covers are cheaper than full-fledged covers and come in handy should the policyholder exhaust the existing/group policy's sum insured. The premiums on such policies are lower than buying another standard hospitalisation policy by nearly 40. Does It Make Sense? Buying a top-up plan makes sense in two situations. One, you already have a health cover for a small amount of, say, . 1 lakh, but want to increase the quantum of cover. The sum assured would have been adequate back then. But now an individual should look at a sum assured of . 3-5 lakh, especially in the metro cities on the back of rising healthcare expenses. Back then, policyholders did not have too many options. But now an individual has choice to opt for a top-up and bridge the shortfall. The second scenario is also linked to the quantum of cover, but from your employer. Some companies link the sum assured to the seniority of the employee. This means if you are at a lower designation, your cover also will be lower. Such low value policies can again be topped up with marginal covers to meet out of pocket expenses in case of hospitalisation. However, please note that it is always better to buy an individual health policy. "In case of a job change, such employee covers cease to exist. Hence, it is best to have at least a low value cover of . 1-2 lakh and top it up with a sizeable cover. Good Substitute According to experts, a top-up plan is always better than buying multiple health plan to increase the cover. "Holding multiple health insurance policies can be taxing for an individual, especially at the time of claim settlement. If the first insurance company does not return the original documents and bills on time, you may be denied of the claim settlements from other companies because of the submission clause with a stipulated period of time You can also buy a top-up plan for your entire family using the family floater option. You can buy cover up to . 15 lakh, of course then the deductible goes up to . 5 lakh. A point to note is the top-up policy applies the 'deductible' criteria to each claim and not all claims put together in one year. For a three-member family, withtheseniormostmemberaged40,the premium for a top-up policy with sum assured of . 10 lakh and deductible of . 3 lakh works out to . 4,436 per year. Sure, these plans are perfect for middle aged and senior citizens who otherwise have to pay an exorbitant sum to buy a fresh policy. But these top-ups also have a drawback. The downside is when there are many claims in a year and all are below the base policy limit, then the policy may not be useful. Despite this, these policies are worthwhile to buy, especially for people in higher age groups, where a normal mediclaim could be expensive.     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Income Tax Saving through Mutual Fund Posted: 14 Mar 2012 03:53 AM PDT Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available are: 1. HDFC TaxSaver 2. ICICI Prudential Tax Plan 3. DSP BlackRock Tax Saver Fund 4. Birla Sun Life Tax Relief '96 5. Reliance Tax Saver (ELSS) Fund 6. IDFC Tax Advantage (ELSS) Fund 7. SBI Magnum Tax Gain Scheme 1993 8. Sundaram Tax Saver -------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information   Current open Infra Bond Application form Submit filled up application    Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Reliance Life New ULIP - Reliance Life Insurance Classic Plan ­II Posted: 14 Mar 2012 02:26 AM PDT Reliance Life Insurance Company announced the launch of a new Ulip, Reliance Life Insurance Classic Plan­II, offering both regular as well as single premium options     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you       ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Tata Mutual Fund NFO - Tata FMP Series Posted: 14 Mar 2012 01:36 AM PDT Tata Mutual Fund has extended the new fund offer (NFO) period of Tata FMP Series 39 Scheme F. Now, the NFO will close on March 20 instead of March 14   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you       ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

DSP Black Rock Mutual Fund New FMP - DSPBR FMP Series Posted: 13 Mar 2012 11:26 PM PDT DSP BlackRock Mutual Fund has announced to launch the NFO of DSPBR FMP Series 39-12M. The scheme will be open for subscription from March 16.     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you       ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

SBI Mutual Fund new debt fund - SBI Debt Fund Series Posted: 13 Mar 2012 09:56 PM PDT SBI Mutual Fund has announced the launch of new fund offer (NFO) of SBI Debt Fund Series13 Months-13. The NFO will be open for subcription from March 16.     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you       ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Indiabulls Mutual Fund new fund - Indiabulls FMP Posted: 13 Mar 2012 09:43 PM PDT Indiabulls Mutual Fund has launched a new fund named as Indiabulls FMP 387 Days March 2012 (I). The new fund offer (NFO) will close on March 13.     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you       ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Tax Saving Mutual Funds Posted: 13 Mar 2012 08:52 PM PDT Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   Invest Tax Saving Mutual Funds Online Mutual Funds Online    ---------------------------------------------   Application form for Tax Saving Long Term Infrastructure Bond     Current open Long Term Infra Bond Application form     Submit filled up application    Collection canter near you       Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Investing is a marathon know more about it Posted: 13 Mar 2012 08:00 PM PDT Tax Saving Mutual Funds Online Current open Infra Bond Application form Making financial investments can be compared with the marathon. People have varying life goals, aspirations, habits, financial and risk profiles. What does the marathon teach us about investments and achieving individual goals. Here are some of them: Define realistic goals: A participant in the race usually likes to set a target. It may be completing the race or finishing within a set time or finishing within the top 100 runners. All participants will not set the goal of winning the marathon because this is unrealistic. Similar is the case of planning your financial investments. It is important that goals need to be set that are achievable. Who does not want to become a millionaire in the shortest possible time. But, such goals may not be achievable given ones existing financial position. Being realistic of returns is not possible though investments, even if done in the best asset classes. For instance, to achieve a corpus of Rs 1 crore at the end of 10year period requires a monthly saving of Rs 38,466 at 15 per cent return. If you consider inflation at 8 per cent, then the value of Rs 1 crore after 10 years will be only Rs 46,31,935. So, actually you need to invest around Rs 60,000 per month to achieve your goal. You need to decide if you can put aside this sum every month for the next 10 years or else you to need to scale down your goal. Start on time: Even in a long distance run, a few seconds does make a difference, especially, if you are going in for the record. You may have noticed how runners jostle for space to be in the front at the starting line. Psychologically too, it gives you a boost if you are ahead of the pack in the opening stages of the run. In case of making investments, the early you start the better. We all know the power of compounding works best if you allow money to grow over a longer period. Plan your race: Do not forget that you are running a marathon and not a short sprint. You may start aggressively, but very soon, you will run out of steam and will be forced to slow down or even stop. This does not help the cause. Compare this with investing. You may receive a bonus from your employer and may decide to in vest it in lump sum. As time goes by, you are faced with a lot of financial demands and you end up withdrawing the money. This can be harmful, especially, if you have invested in fixed deposits where there is a penalty for premature withdrawal or if invested in shares where markets may be down and you may incur a loss on sale of shares. The best way out is to make a financial plan according to your goals based on your expected inflows and requirement of funds, and then try to stick to it .This way, you can invest at regular intervals and ensure adequate money is available to you during your entire life span. Don't stop: Just like running, wealth creation is a long term process. If you panic and quit when the going gets tough, you will lose the advantage of your efforts put in so far. As a runner, you will experience pain when the body starts to feel the strain and you may wish to stop. If you do this, it will become all the more difficult to start again. Frequent stops will worsen the situation and you will ultimately lag far behind in the race. In case of investments, regular disciplined investments go a long way in ensuring that you are on track. A lot of investors start well, but at the first sign of adverse circumstances, panic sets in, and they abandon their investment plans. You need to be mentally strong and learn to endure pain for long-term benefits. Do not compare yourself with others: In a race there will be all kind of participants. Some are professional runners, others are amateurs and some are just participants. If you start looking at the leaders, you will feel a sense of disappointment. If you look at people trailing behind, you may feel good. But, this is purely illusory. What you need is to focus on what your goals are and how much you are striving to achieve these goals. In the investment world, it could be that some people may get plain lucky or others may have the ability to take higher risks and stomach bigger losses which you may not have. Some investors will try to ape the so-called star performers or success stories only to end up in ruins when the markets take an unexpected downturn. So, comparing with others is risky, and should be avoided. Remove obstructions: It is important for the runner to remove all that entangles and prevents him or her to run faster. One does not see runners running in a business suit or running in tight jeans. Wearing the right attire that allows for unrestricted movement is crucial. As an investor, you may be carrying excess baggage in the form of earlier failures, disappointments and missed chances. Allowing these to play on your mind, diminishes your concentration, and you will tend to lose the plot. Have a clear mind, and put the bitter past experiences behind you. You can analyse these later after the race. Have a good coach /mentor: Two minds are better than one. A runner needs to have a good coach who knows your strong and weak points, and is able to suggest how to overcome your limitations. Training forms a key part, and a good coach will help you to train better. He will also help in understanding the course route, where there is a climb or where the landscape is downhill, and also help the runner to get familiar with the surroundings.     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

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