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| Birla SunLife Dynamic Bond Fund Posted: 29 May 2013 04:57 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
With an objective of generating return through active management of debt and money market instruments, this fund performed well in 2008 and early part of 2009 when the interest rates were very volatile. In a rising interest rate scenario of last one year, the fund has taken a defensive role to stay predominantly with money market instruments (averaging between 30% to 50%) and thus giving returns on par with short term funds. The fund occasionally takes a marginal call on Govt. securities as per the market valuations. The fund is being managed by Mr. Maneesh Dangi, Birla SL AMC's fixed income head. This fund can complement a typical, held to maturity, income 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 )
------------------ Best Performing Mutual Funds
|
| Posted: 28 May 2013 07:50 PM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
If the insured has multiple policies, claim will be divided among all MOST organisations these days offer group health insurance to their employees.
Group health insurance schemes are pretty wide in terms of coverage and features. For instance, pre-existing illnesses, maternity are instantly covered, which most individual policy covers after a waiting period. Ideally, at the time of buying additional cover; you must inform your company if you are already covered under any other health insurance policy. So, is it beneficial to buy multiple policies? The answer is subjective. One can have multiple policies from different companies, depending on an individual's healthcare needs. For ex ample, one may take multiple policies to cover many illnesses or take policies from different companies to make sure hospitalisation is cashless. Many life insurance companies have become aggressive player in the health insurance category.
"One should not think about stocking up instead.
Technically, there is nothing wrong in having different policies, as claim settlement is usually smooth. At the time of settlement, insurance companies ask for true copies of all hospitalisation documents, such as discharge cards. Advantage of having a health insurance cover from a non-life insurance company and a life insurance company is that you can claim from both the companies separately. Issuers of fixed benefit policies usually do not insist on original hospitalisation documents.
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 )
------------------ Best Performing Mutual Funds
|
| What is Systematic Withdrawal Plan? Posted: 28 May 2013 05:38 PM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Systematic withdrawal plan also known as SWP is a facility that allows an investor to withdraw money from existing mutual fund investments at specified intervals. SWP facility is used to create a regular flow of income from investments. You can do a Fixed SWP where you specify the amount you wish to withdraw or Appreciation SWP where you can withdraw the appreciated amount every month or quarter.
How Systematic withdrawal is beneficial in Monthly Income Plans?
Now you have understood that to generate regular income (not assured) from MIPs, you can either opt for Dividend payout option, which are irregular and also not certain or you may go with MIP growth option and opt for SWP. In the former case you have to bear with the dividend distribution tax and in latter you withdraw units out of your capital and appreciation (if any). Question is which would be better option.
I did some back testing on a Monthly income plan of one popular AMC to figure out the answer.
Below are the details. Investment amount : Rs 975000/- Date of Investment : 1 Jan 2008 Date of redemption: 1 Jan 2013 Product and Units alloted : Reliance MIP (Monthly dividend payout): Units allotted 85901.57 (@ NAV – 11.3502) Reliance MIP Growth : Units allotted 64732.01 (@ NAV – 15.0621) SWP rate : @ 8% p.a payable monthly Dividend dates/rates : As per actual
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 )
------------------ Best Performing Mutual Funds
|
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