Prajna Capital

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• For First Time investors - Gold Investment options
• Bajaj Allianz iSecure More Insurance Plan
• Tata AIG Secured Income Plan

For First Time investors - Gold Investment options Posted: 27 Nov 2013 03:59 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)   With gold prices going through a multi-year rally, investors have started looking at the metal as another asset class in their portfolio. However, many people have given undue importance to gold as an investment. First-time investors are at risk of putting their savings in the asset for all the wrong reasons. Why to Invest? Gold is seen as one asset whose prices can never go down. If you have also been led to believe this, you need a reality check. True, gold provides a good hiding place when there is turmoil all over. However, only recently, we saw gold prices tank by more than 20% in a matter of weeks. Invest in gold because it has little correlation with other asset classes, such as equities and debt, which helps diversify the portfolio. Jayant Manglik, president, retail distribution, Religare Broking, agrees. "Gold adds an element of diversification to the portfolio," he says. Where to Begin? Make a clear distinction about buying gold for consumption purposes or as an investment. If you are considering your first investment in gold, go for paper gold. Buying physical gold entails high making charges, with concerns about its purity. On the other hand, gold ETFs offer investors the triple benefits of security, convenience and liquidity. Investors are also assured transparency in pricing and can liquidate their holdings quickly at the prevailing market prices. You would need a trading account and a demat account to invest in gold ETFs. If you do not want the hassles of opening a demat account, you can consider gold funds, which are essentially funds of funds that invest in gold ETFs. This avenue offers the convenience of investing through the SIP route. However, keep in mind that you will pay the fund management fee to the gold fund and bear the expense ratio charged by the gold ETFs in its portfolio.   Top Rules for Gold Invest purely for diversification. Invest in gold for diversification and stability of your portfolio. Don't be misled into believing that gold prices will only rise over time. Limit your exposure to 10-15%. Do not try to get rich with gold. Contrary to belief, investing in gold carries a high degree of risk. Up to 15% of the portfolio is enough to gain a meaningful exposure to the asset. 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 Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest 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 MutualFunds Invest 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

Bajaj Allianz iSecure More Insurance Plan Posted: 27 Nov 2013 12:57 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)   Bajaj Allianz iSecure More Insurance Plan   Objective This is an increasing cover term plan, wherein the insurance cover goes up by 5 per cent every year on renewal. What does it do? This policy increases the sum assured by 5 per cent on each annual renewal, up to a maximum of twice the basic sum assured. The policy can be taken as both, individual or joint cover. On policyholder's death, the prevailing sum assured is paid to the dependents. The choice to receive death benefit, as lump sum or 10 annual installments, rests with the nominee. This choice has to be indicated to the company at the time of raising the claim. What does it do? This policy increases the sum assured by 5 per cent on each annual renewal, up to a maximum of twice the basic sum assured without any increase in the premium. The policy can be taken as both, individual or joint cover. On policyholder's death, the prevailing sum assured is paid to the dependents. The choice to receive death benefit, as lump sum or 10 annual installments, rests with the nominee. This choice has to be indicated to the company at the time of raising the claim. Pros The joint policy option is useful for couples who cannot afford separate policies. Three rider options- accident protection, critical illness and hospital cash benefit enhance the scope of cover. Premium rebates can be availed on sum assured above Rs 5 lakh and advance premium payments. The automatic annual increase in cover tries to match inflation in the long run. Policyholder can change the premium frequency on policy anniversary. Nominees can choose to receive the insurance claim as lump sum or regular payout as per their need. Cons A 5% increase may not match the annual inflation rate. Suited for Youngsters who expect life insurance needs to rise with future responsibilities, can go for the plan as it would increase the sum assured annually. Our View The maximum policy term is limited to 25 years. Make sure that you are covered until retirement or till someone else replaces you as breadwinner for the family. Our View The maximum policy term is limited to 25 years. Make sure that you are covered until retirement or till someone else replaces you as breadwinner for the family. Nothing comes for free. These policies charge higher premiums as compared to ordinary term plans where sum assured remain constant throughout the policy term.   Eligibility Entry Age (years) Minimum 18 Maximum 60 Maximum Maturity Age (years) 70 Policy Term (years) Minimum 10 Maximum 25 Sum Assured (Rs) Minimum 250000 Maximum No limit Minimum Premium (Rs) Yearly 1500 Half-Yearly 750 Quarterly 400 Monthly 150 Premium Payment Frequency Yearly, Half-Yearly, Quarterly, Monthly Premium Payment Term Equal to Policy term Premium Factor (multiply with annual premium) Semi Annually: 0.51 Quarterly: 0.26 Monthly: 0.09 Policy Cover Cover keeps increasing @5% every year upto maximum of twice the initial basic Sum Assured. Other Features Free Look Cancellation In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered. Grace Period You are allowed to pay premiums within 30 days from the due date for Yearly, Half yearly and quarterly premium payment modes and 15 days in case of monthly premium payment mode.. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover will be terminated. Lapsed Policy Reinstatement You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums with interest and undergoing underwriting requirements, if any. Tax Benefits Section 80C, 10(10D) of the Income Tax Act, 1961 would apply. Exclusions In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Surrender Value There is no surrender benefit. However, in case of advance premium payment, on death or surrender, discounted advance premiums paid but not yet due will be refunded without any interest. Customer Service Address Bajaj Allianz Life Insurance Company Limited, G.E. Plaza, Airport Road, Yerawada, Pune - 411 006. Mail To life@bajajallianz.co.in Call On BSNL/ MTNL: 1800 22 5858; Others: 1800 209 5858 SMS LIFE to 56070 Additions to the Plan Available Rider(s) Bajaj Allianz Comprehensive Accidental Protection Benefit (CAP): Death due to accident within 180 days of the accident. Permanent total/ partial disability as a result of an accident within 180 days of the accident. The rider Sum Assured can be received as a 10 year annuity as well. The annuity payable would be 110% of the benefit. Waiver of Premium in case of total permanent disability. Bajaj Allianz Critical Illness Benefit: It covers 11 critical illnesses namely: First Heart Attack, Coronary Artery Disease requiring surgery, Stroke, Cancer, Kidney Failure, Major organ transplantation, Multiple Sclerosis, Aorta Graft Surgery, Primary Pulmonary Arterial Hypertension, Alzheimer's Disease and Paralysis. There is a waiting period of 6 months from inception of the policy to claim the critical illness benefit. Bajaj Allianz Hospital Cash Benefit: It covers room charges. It pays a Daily cash amount subject to certaim conditions stated in the policy document. Rider Conditions Entry Age (years) Minimum 18 Maximum 50 Maximum Maturity Age (years) 65 Rider Term (years) Maximum Equal to base policy term Sum Assured (Rs) Minimum Critical illness Benefit rider: 50000 Bajaj Allianz Hospital Cash Benefit: 200 per day Maximum Permanent Total Disability: Rs 50 lakh and Permanent Partial Disability: Rs 25 lakh Bajaj Allianz Hospital Cash Benefit: 1000 per day Rider Premium (Rs) Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the CAP rider for Rs 5 lakh sum assured over a 10 year tenure; the annual CAP rider premium works to Rs 355. Similarly, Critical Illness benefit of 5 lakh for a policy tenure of 10 years costs Rs1350 per annum and Hospital cash benefit is available for Rs 460 per year. 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 Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest 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 MutualFunds Invest 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

Tata AIG Secured Income Plan Posted: 26 Nov 2013 11:36 PM 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)     Objective This is a basic personal accident insurance policy that aims to provide financial support to the family members and insured member in case of a mishap.   Suited for Anyone between 18 and 64 years of age can buy this policy for up to Rs 20 lakh sum insured.   What does it do? This policy pays accidental death and disability benefit in two parts. An initial amount of 10 per cent of admissible sum insured is followed by the remaining amount in monthly installments for next 60 months. It also pays a daily cash benefit to take care of expenses like transportation of family members, relative accommodation or expenses which are otherwise not covered under the policy.   Pros It offers daily cash benefit.   Cons Claim discharge in two parts may not suit the needs of all claimants.   Our View This is an expensive policy as the premiums charged are higher than the benefits offered. Claim settlement in two parts may not be suit all claimants.   Eligibility Entry Age (years) Minimum 18 Maximum 64 Maximum Policy Renewal Age (years) 65 Coverage Type Individual Policy Term (years) 1 Sum Insured (Rs) Maximum 20 lakh Minimum 10 lakh Policy Termination Insurer may cancel the policy by providing a 15 days prior notice. Insured person may also cancel the policy at any time. Insurer will refund a proportionate premium as stated in the policy document Customer Service Registered Office:TATA AIG Insurance, 9th Floor, Piramal Towers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 01 Customer Service Mail to customersupport@tata-aig.com Call to 1800-266-7780 SMS TAG to 5616181 Network Hospitals Http://emeditek.co.in/Network_Provider.aspx   Scope of Cover Plan Options Level 1 Level 2 Level 3 Acidental death 1000000 1500000 2000000 Permanent and total loss of use resulting in Quadriplegia or Paraplegia 1000000 1500000 2000000 Injury resulting in loss of limbs pays a pre-specified amount upto sum insured as stated in the policy document depending on the loss or injury. Daily Cash benefit 1000 1500 2000   Exclusions and Waiting Period Pre-existing diseases not covered Waiting period daily cash benefit will be paid after 3 days of hospitalisation have elapsed. 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 Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest 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 MutualFunds Invest 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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