Prajna Capital

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• MUTUAL FUNDS - Know Better Before You Invest
• Wait a Few more Days to Buy an Endowment Plan
• Religare Care health insurance policy

MUTUAL FUNDS - Know Better Before You Invest Posted: 01 Mar 2013 04:05 AM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds   How should you choose the best mutual fund investment to meet your needs? Investing in mutual funds is considered as an easy and inexpensive way for investors to play in the market, but it being a simple mode of investment, mutual fund investors often make mistakes, which eat into their returns. It need not be so if you make the right choices. A mutual fund is a common pool or fund of capital mobilised from a large number of investors, and invested on their behalf in several securities in the market. All the returns from such investments, both in terms of the dividends and capital appreciation, net of various incidental expenses accrue to the investors. A mutual fund provides many financial and non-financial benefits to the investors. Like shares, all mutual funds provide returns in the form of dividends and capital appreciation and even bonus issues. By far, the most significant benefit is that of risk reduction or risk diversification. When a person invests in the stock of any one company, he is exposed to several random risks, like the company going bankrupt or poor-performance of sectors. However, investing in a mutual fund protects investors from such random risks. Spelling out the advantages of the mutual funds, One should never put all eggs in one basket. Similarly, any investment portfolio must be well diversified if it has to give results. It is difficult for small investors to diversify in 30 or more securities. This is where the mutual fund steps in by pooling together investments from a large number of small investors, and then investing the accumulated proceeds in a well diversified basket of securities. Thus, investors get the benefit of diversification without actually doing so themselves. In fact, now with the introduction of Gold Exchange Traded Funds (GEFT) schemes by mutual funds, it is now possible to buy gold in small quantities without worrying about theft. The mutual fund industry has grown exponentially but investors requires study, prudence and timely action to . Remember This While Selecting A Mutual Fund: Scrutinize the fund's fees and expenses. Know how the fund impacts your tax bill. Consider the age and size of the fund Factor in the risks the fund takes to achieve its returns Check the types of services offered and fees charged by the fund. 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 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 ) ICICI Prudential Tax PlanInvest Online HDFC TaxSaverInvest Online DSP BlackRock Tax Saver FundInvest Online Reliance Tax Saver (ELSS) FundInvest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) FundInvest Online SBI Magnum Tax Gain Scheme 1993Invest Online Sundaram Tax SaverInvest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFundsInvest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Wait a Few more Days to Buy an Endowment Plan Posted: 01 Mar 2013 02:30 AM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds       You may be able to buy a policy at a lower cost with higher life cover as well as surrender value after the insurance regulator announces the guidelines for traditional endowment plans   You should wait for a few more days if you are planning to buy a traditional endowment plan this tax- saving season. The Insurance Regulatory and Development Authority (IRDA) on Monday has hinted that the final guidelines for traditional plans will be released after the Insurance Advisory Committee's meeting this Friday. Last year, the draft guidelines on traditional plans had made a case for lower charges and higher life cover as well as the surrender value, among other proposals. As things stand today, life insurers may have to refile a large chunk of their endowment portfolio by June 30. To Buy Or Not To Buy Insurance companies and their sales forces are heavily promoting these products now. In fact, traditional insurance products regained their top spot after the insurance regulator clamped down on unit-linked insurance plans, or Ulips, two years ago. After the new guidelines on Ulips, insurance agents also switched loyalties to traditional products due to the higher commissions attached to them. Moreover, investors, too, are keen on endowment plans for their assured return promise, as very few have regained confidence in the stock market. If you are going to take the endowment plan to save on taxes, you should wait for a week for clarity. "It may make sense to find out if the new norms would be more investor friendly, and then invest. In their current form, it is not such a great proposition. The new products are likely to have lower charges and possibly higher cover and surrender value. The draft guidelines give some indications on this front. For example, commissions could be capped to three times the premium payment term. That is, if you have chosen a premium paying term of 10 years, the commission charged will not be more than 30%. Also, Insurance Regulatory and Development Authorityhas recommended offering a minimum surrender value calculated on the basis of the year of surrender. Policyholders will see a benefit in terms of increased minimum surrender value. At the moment, the guaranteed surrender value (GSV) is around 30% of the premiums paid minus first year premium, irrespective of the number of policy years gone by. Those staying with the policy for a longer term will see direct guaranteed benefit from the new guidelines, assuming they are finalised in their current form. However in the current scenario, the special surrender value (for participating products) was anyway much higher than GSV and close to what is being proposed as GSV. The minimum life cover, too, is expected to be enhanced to 10 times the annual premium for those under 45. As such, Irda norms are expected to be beneficial to the policy holders and may result in reduction of charges, among other things. However, the nature of the product and other broad features are likely to remain similar and any improvements may only be marginal. Study The New Features Closely While certain benefits are clear, insurance-seekers need to be aware of the flipside, too. "Policyholders – especially those who are over 50 – need to bear a key point in mind with respect to death benefit.   It is likely to go up in the newer traditional plans. So, you may see insurers introducing caps on maximum age at entry or exit. Therefore, people in the age group of 50 and above may consider buying the current plans, as they may find it difficult to buy one later. Even the recommendations on surrender value may not have a significant impact, feel some. Also, remember, higher sum assured means higher mortality charges. People buy endowment policies with the savings objective in mind. Such policyholders may find the new version unattractive as the mortality charges will eat into the premium amount directed towards investment. 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 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 ) ICICI Prudential Tax PlanInvest Online HDFC TaxSaverInvest Online DSP BlackRock Tax Saver FundInvest Online Reliance Tax Saver (ELSS) FundInvest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) FundInvest Online SBI Magnum Tax Gain Scheme 1993Invest Online Sundaram Tax SaverInvest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFundsInvest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Religare Care health insurance policy Posted: 01 Mar 2013 01:23 AM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   This is a good plan for those looking for high sum insured and cover without any caps or sub-limits PRODUCT FEATURES: Religare Health Insurance's Care is a hospitalisation-based health insurance plan. The plan, with no maximum age limit, can be taken for individuals above the age of five years. A policyholder can renew the plan as long as he or she lives. If above 61 years, then a policyholder will have to pay 20 per cent of the total claim amount. Non-allopathic treatments will not be covered under the plan. The insurer offers free health check-ups during every policy year and the value of tests varies depending on the sum insured. For those, who have chosen high sum insured of Rs 50 lakh or Rs 60 lakh, the insurer offers to get the treatment in foreign countries, although, the cost of transportation will not be covered. COVERAGE: The option of sum insured ranges between Rs 2 lakh and Rs 60 lakh. Like most plans available in the market, this plan covers healthcare expenses incurred during 30 days before hospitalisation and 60 days after hospitalisation. The insurer would ask a policyholder to undergo certain med ical tests if the sum insured or age is high. Sum insured is automatically reinstated in case a policyholder has exhausted it filing a claim. In case, no claims are made during the policy tenure, the insurer would increase sum insured by 10 per cent in the next policy term. Depending on the chosen sum insured, policyholders are also entitled to get daily allowance for non-medical expenses. PREMIUM: For a Rs 5 lakh health cover for a family of two adults, with eldest member of 35 years of age, the premium comes to Rs 7,789. While for a Rs 5-lakh health cover for a family of two adults, with eldest member of 65-years of age, the premium comes to Rs 28,947. The annual premium for a family of two adults with eldest member of 35-years of age and sum insured of Rs 50 lakh comes to Rs 26,066. For a sum insured of Rs 50 lakh for a family of two adults, with eldest member of 65 years of age, the premium comes to Rs 2,58,360. Annual premium rates are similar to other such plans available in the market. This is a good health insurance plan for those looking for high sum insured and cover without any caps or sub-limits. However, there is a cap on room rent charges for lower sum insured of up to Rs 4 lakh. Complementary annual health check-ups are available in all policies, which can lower the chances of any major ailments cropping up at a later stage. Since Religare Health Insurance is a late entrant in the health segment, claim settlement ratio is still not known. 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 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 ) ICICI Prudential Tax PlanInvest Online HDFC TaxSaverInvest Online DSP BlackRock Tax Saver FundInvest Online Reliance Tax Saver (ELSS) FundInvest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) FundInvest Online SBI Magnum Tax Gain Scheme 1993Invest Online Sundaram Tax SaverInvest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFundsInvest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund 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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