Wednesday, March 20, 2013

Prajna Capital

Prajna Capital


Union KBC Mutual Fund NFO

Posted: 20 Mar 2013 07:05 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

Union KBC Mutual Fund has launched a new fund named as Union KBC fixed maturity plan 395 days series 3. The new issue will close on March 1.

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 )

  1. ICICI Prudential Tax PlanInvest Online
  2. HDFC TaxSaverInvest Online
  3. DSP BlackRock Tax Saver FundInvest Online
  4. Reliance Tax Saver (ELSS) FundInvest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) FundInvest Online
  7. SBI Magnum Tax Gain Scheme 1993Invest Online
  8. Sundaram Tax SaverInvest Online
  9. Edelweiss ELSS Invest Online

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFundsInvest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Mutual Fund is the best Route to Invest in Multiple Asset Classes

Posted: 20 Mar 2013 01:15 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

This explains why asset allocation funds are best suited to help you create wealth in the long term by taking exposure to gold, equity and debt

Gold has lost some of its glitter lately. The price of the metal in rupee term is down 10% in the last six months. Strangely, investors have poured in money into gold and various products with allocation to gold during the same period. Money managed by gold ETFs has grown to . 12,057 crore on January 31, 2013, from . 9,614 crore on January 31, 2012.
However, this doesn't capture the whole story. Investors have also put their money in mutual fund schemes with exposure to gold in a big way. Riding on the gold prices in the past few years, some of these products were launched as recently as the second half of 2012, and investors have responded positively to them. The largest among them -- Axis Triple Advantage Fund-- manages an average monthly AUM of . 884 crore. And these schemes are disparate: there are monthly income plans (MIP) investing in gold along with debt and equity; debt funds with some allocation to gold; and some multi asset funds investing in varying mix of gold, equity and debt. According to investment experts, investors are gradually moving towards these funds because of the ability of these schemes to contain the downside risk in volatile markets. Gold-based MIP and asset allocation funds have gained assets in last couple of years. Axis Triple Advantage Fund and Taurus MIP Advantage have seen prominent increase in their asset base. With diverse mandates, risk and reward associated with each of these products changes, and that makes the choice tougher for investors. Limited performance history is another handicap. Investment objective and asset allocation of the scheme is an important factor and it should match the investor's financial goal.


If you are a conservative investor, you can consider MIP products with allocation to gold. If you are a growth-oriented long-term investor, consider asset allocation funds with exposure to gold.


To begin with, take a closer look at these schemes. The first sub-segment includes monthly income plans or MIPs investing in debt, equity and gold. A word of caution before proceeding: these products will have portfolios that would generate some distributable surplus at regular intervals, say, monthly; but don't bank on it as they are not guaranteed. Most of the money (around 65%) is invested in debt and the rest is invested in equity and gold exchange traded funds.


These products are conservative and are suitable for investors with low risk appetite. These schemes are expected to cater to the income needs of an investor. Religare MIP Plus and Taurus MIP Advantage are the schemes in this segment. Second sub-segment includes hybrid funds where the scheme invests in debt and also has an exposure to gold. Debt allocation is pegged at minimum 65% of the assets. Canara Robeco Indigo and BNP Paribas Income and Gold are the schemes in this segment. The purpose of these funds is to earn regular income from debt investments and investments in gold exchange traded funds. The third sub-segment includes funds that invest in multiple asset classes. The difference between these funds and the monthly income plans is the asset allocation. A monthly income plan is a debt heavy product by default. But the multi-asset fund allows the fund manager relatively more allocation to equities and gold. In some cases, the fund managers can invest up to 65% of the money in equities. Mutual funds such as IDFC, Morgan Stanley, Axis and Quantum have launched products in this segment.

 

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 )

  1. ICICI Prudential Tax PlanInvest Online
  2. HDFC TaxSaverInvest Online
  3. DSP BlackRock Tax Saver FundInvest Online
  4. Reliance Tax Saver (ELSS) FundInvest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) FundInvest Online
  7. SBI Magnum Tax Gain Scheme 1993Invest Online
  8. Sundaram Tax SaverInvest Online
  9. Edelweiss ELSS Invest Online

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFundsInvest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Do you need personal accident insurance?

Posted: 19 Mar 2013 10:54 PM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

For 2,250 a year, you can get a 50 lakh cover against death or disability due to accident


You need a life insurance policy to cover the risk of death and a health insurance policy as a cushion against hospitalisation expenses. While most readers are bound to be familiar with these essential covers, very few would have heard of the personal accident cover. Personal accident schemes cover the policyholder against death or disability due to an accident. All general insurance companies offer these policies, but it's very unlikely that an agent will try to sell you one. These low-priced policies are not very popular because the agent earns barely 20-30 as commission from selling such a policy.


However, you should buy a personal accident policy because it plugs an important hole in your insurance portfolio. Firstly, it will provide financial support to the policyholder if he is disabled after an accident. Secondly, the magnitude of the mishap doesn't matter; even minor ones like falling off a bicycle and breaking an arm, or fracturing a leg while playing football are covered by the policy. A personal accident cover is very essential, especially for young people who are at greater risk of an accident than others

If you thought term insurance policies were cheap, wait till you find out about the premium rates of a personal accident policy. For as little as 225 a year, you can get a cover of 5 lakh. The daily cost works out to about 60 paise. However, this is the rate for a basic cover from a PSU insurer and will only cover death and permanent disability. If you want enhanced protection, you will have to shell out more (see graphic).

One way to get the agent interested is to buy it along with your health or motor insurance. Since agents get very low commissions, they usually try to bundle the personal accident cover with some other insurance product. However, this doesn't mean that you will pay a lower premium, though some companies may give you a discount. A basic personal accident cover against death and permanent total disability is already built into a motor insurance policy. You can enhance the cover by paying extra.

While PSU insurers offer cheap personal accident covers, private insurance companies offer a wider range of benefits, but the premium rates are higher too. You can take a cover of up to 8 times your annual salary. Apart from the basic death and permanent disability cover, you can buy additional protection against partial and temporary disability, even loss of livelihood. A personal accident policy covers the buyer against costs that can shatter him financially.


It's important to understand the terms and conditions clearly before you buy a policy. For example, hospitalisation benefit can be availed of only if the policyholder is admitted within seven days of the accident and is hospitalised for at least 24 hours. A fractured leg is a temporary disability, and if you have taken a cover against it, your policy will pay a weekly sum of 5,000 for up to two years. However, this weekly cash benefit is paid only if you are unable to go to work and the payment starts only 60 days after the accident. One also has to submit proof, including a doctor's certificate for the disability that prevents one from attending work.


Also, be very clear about the definition of disability. When a Delhi-based policyholder lost his index finger in a car accident, the hospital gave him a certificate of 15% disability. Yet, the life insurance company denied his claim because he had a cover against total disability. The policy document defines the loss of hand as total disability. The loss of one digit, even though it was the index finger, was not covered.


Permanent total disability is defined as total loss of sight in both eyes, or total loss of use, or dismemberment of both hands or legs, or one hand and one leg. Losing one eye is a permanent, but not total, disability. Ask the insurance company or agent to explain the exclusions clearly to you.

Most companies offer personal accident insurance to their employees through a group cover. However, this is a very basic cover and may not offer the benefits offered by a standalone policy. Recommend an individual policy only if one can afford it and if his company's cover is insufficient.

You can also buy an accident cover with a rider along with a life insurance policy. However, these riders come with strings attached and don't offer certain covers. Since life insurance companies cannot offer anything but life cover, you will not be covered against other damages, such as hospitalisation expenses. Riders can never as comprehensive as a standalone policy.

 
A plain vanilla personal accident cover is not very expensive, but it can come handy in case of a mishap. Self-employed professionals who travel a lot during the course of their work will find this especially useful. Buy one right away so that there is nothing left to chance in your insurance portfolio.

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 )

  1. ICICI Prudential Tax PlanInvest Online
  2. HDFC TaxSaverInvest Online
  3. DSP BlackRock Tax Saver FundInvest Online
  4. Reliance Tax Saver (ELSS) FundInvest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) FundInvest Online
  7. SBI Magnum Tax Gain Scheme 1993Invest Online
  8. Sundaram Tax SaverInvest Online
  9. Edelweiss ELSS Invest Online

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFundsInvest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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