Prajna Capital |
- Document required for Investing in Mutual Funds
- Reliance Life to launch new pension plan
- What Is Sensex Price-To-Earnings (PE) Ratio And Forward PE?
| Document required for Investing in Mutual Funds Posted: 14 Nov 2012 04:02 AM PST Call 0 94 8300 8300 (India)
Document required for Investing in Mutual Funds
If you are interested to invest in Mutual fund First complete your KYC Process. After KYC Process Complete. No supporting Document required for mutual fund.
Effective 1st January 2011. KYC shall be mandatory for any investment amount in Mutual fund.
Only fill up Common application forms and submit, and SIP one additional ECS form required.
KYC Process
1. Fill up KYC Form in black ink.
2. Document for KYC
a. One Photograph
b. Pan Card Photocopy
c. Address Proof e.g. Passport, Ration card, Driving Lic., Light Bill, Telephone Bill (recent) etc..
3. Submit this form to POS. (Point of Service)
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Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Fund Application Forms
Best Performing Mutual Funds
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| Reliance Life to launch new pension plan Posted: 14 Nov 2012 03:13 AM PST Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India)
Reliance Life to launch new pension plan
LEADING private insurer Reliance Life Insurance plans to launch a new pension plan as early as next month and has sought the sector regulator Irda's approval for the same, a top official said.
Several private insurance companies are mulling offering new pension schemes after Irda (Insurance Regulatory and Development Authority) revised pension product guidelines and removed the 4.5 per cent return guarantee requirement.
However, Reliance Life Insurance, part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, would be among the first few to launch a fresh pension plan.
"We have filed one accumulation policy with Irda and are expecting to get approval by this month-end. If everything goes as per our plans, we will be coming up with a new pension plan by next month-end or early November," Reliance Life president and executive director Malay Ghosh said.
With this new annuity product, Reliance Life is also planning to give capital guarantee and an option to take debt, equity or bond whatever is chosen by the insured.
Ghosh further said that Reliance Life believes that policyholder should be given an option to choose the annuity providers.
The reason is simple. If the insured is not happy with the old insurer, the policyholder should be give a right to change the service provider. Long-term policyholders should be given the freedom and flexibility to choose the annuity provider.
Talking about the indexlinked insurance plans (ILIPs), he said that it is still at a conceptual stage.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
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| What Is Sensex Price-To-Earnings (PE) Ratio And Forward PE? Posted: 14 Nov 2012 01:40 AM PST Call 0 94 8300 8300 (India) Let us understand what the PE ratio means in terms of individual companies, before talking about the Sensex PE and forward PE. The PE ratio is used to determine whether a company is overvalued, undervalued or rightly valued. It gives an idea of how much an investor is willing to pay for every `1profit earned by the company. So, a PE of 20 means the investor is ready to pay `20 for every `1that the company earns in profits. PE is calculated in 'multiple' or 'times'. Being the key benchmark index, the Sensex PE is used as a key measure of valuation of the Indian markets. A weighted average of individual PEs of companies in the Sensex makes the Sensex PE. When the Sensex PE is calculated for the year ahead of the current financial year, it is called the forward PE. Since markets analysts consider the future valuations, they take into account the Sensex's one-year forward PE multiples before making investment decisions. How are they calculated? The current market price of a stock divided by its *earnings per share (EPS) will give the PE of an individual company. The Sensex's PE can be calculated in more than one way. The simplest method of doing it is dividing the Sensex's total market capitalisation by the Sensex's total net profit. We get the one-year forward PE for the market by dividing the Sensex's total market capitalisation by the Sensex's projected one-year forward total net profit. Why is this ratio important? Investors can compare a company's relative valuation like company versus peer, company versus sector and company versus its past performance on the basis of its PE. In most cases, a lower PE along with strong fundamentals signifies a value pick. But, PEs may vary according to sectors. For instance, sectors like commodities inherently trade at lower PEs while those like IT and FMCG trade at higher PEs. Institutional investors, mainly foreign Institutional investors, who have been driving the Indian equity markets, compare the benchmark index PEs of different countries before deciding on which one will generate higher values at a later date. Should retail investors track Sensex PE? Every investor needs to give due consideration to the valuations before investing in the markets. A fair PE multiple reflects the profitability and the growth prospects of the company. Thus, when the markets trade at a huge premium, investors should be wary of taking further exposure. In case of a discount to the fair valuations and support of strong fundamentals, investors could increase their exposure in the markets. *Net profit divided by the number of shares will give you the EPS of a stock
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Fund Application Forms
Best Performing Mutual Funds
Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now  |
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