Prajna Capital

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• ICICI Prudential Tax Plan dividend
• Health Insurance in India
• Insurance Cover for Your Home Loan

ICICI Prudential Tax Plan dividend Posted: 13 Mar 2014 05:14 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   ICICI Prudential Tax Plan dividend ICICI Prudential MF announced under ICICI Prudential Tax Plan that if the amount under dividend payout option is less than Rs 100, it would not be compulsorily reinvested in the same option of the scheme. For further information contact Prajna Capitalon 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300 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 Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms --------------------------------------------- Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Franklin India Bluechip ICICI Prudential Top 100 Fund B. Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Birla Sun Life Front Line Equity Fund Franklin India Prima C. Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Birla Sun Life Dividend Yield Plus SBI Emerging Businesses Fund HDFC Mid-Cap Opportunities Fund ICICI Prudential Discovery Fund D. Small and MicroCap FundsInvest Online DSP BlackRock MicroCap Fund 2.Franklin India Smaller Companies E. Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund ICICI Prudential Banking and Financial Services Fund F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund G. Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Birla Sun Life Gold H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Health Insurance in India Posted: 13 Mar 2014 04:42 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300     It is a very old saying that “Health is Wealth”. A healthy person can work efficiently to earn wealth. The man who is not having a good health spends lot of time and money on medicines and doctors. He is never cheerful reason being, he has to take precautions for building up a good health. Healthy body is always dependent on the healthy mind.   The Health cost is rising in India at an alarming rate of 22% per annum. We have to sell our assets or take a loan on heavy interest in order to pay for the treatment cost and this happens with around 80% of the cases for hospitalization. Compared to USA, India has a health insurance penetration of only 1.2%. moreover there is no social security in India. It is therefore our responsibility to protect ourselves with adequate Health Insurance.   We therefore would like to explain the benefits of Health Insurance which is popularly known as Medical Insurance or Mediclaim since it covers your medical expenses. The concept is new in India but its awareness is growing fast. Health insurance comes handy in case of emergencies/planned hospitalization. Life is unpredictable, insurance can make it safe and secure from huge financial losses. A health insurance policy is a contract between an insurance company and an individual/group. The contract is renewable annually.   Health Insurance is affordable and is assured from insecurities that threaten normalcy now and then. The type and amount of health care costs that will be covered by the health plan are specified in advance. Health plans are available in following formats:- 1) Individual & Family Floater In an individual policy you are personally the owner of the policy. Family Floater helps you cover the whole family at a much lower premium, 2) Group Insurance In a group plan, the sponsor (employer) owns the policy and the people covered under it are called its members.   What is Health Insurance? Health insurance is basically a coverage against the risk of incurring medical expenses. Premium is arrived at by the insurance company By estimating the overall risk of healthcare expenses among the family members.   Why health Insurance? In today’s scenario we plan our budget for all our activities. What if due to unfortunate event our medical expenses cross our budget??? Health Insurance protects you from an unexpected expense arising out of sudden illness. To tackle any such problems you need to ensure that your savings are invested in best health insurance plan. Also it gives you an additional benefit of tax rebate,   Tax Benefits Exemption under section 80 (D) of the Income Tax Act, 1961 is presently available for premium paid by cheque. For further information contact Prajna Capitalon 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300 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 Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms --------------------------------------------- Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Franklin India Bluechip ICICI Prudential Top 100 Fund B. Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Birla Sun Life Front Line Equity Fund Franklin India Prima C. Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Birla Sun Life Dividend Yield Plus SBI Emerging Businesses Fund HDFC Mid-Cap Opportunities Fund ICICI Prudential Discovery Fund D. Small and MicroCap FundsInvest Online DSP BlackRock MicroCap Fund 2.Franklin India Smaller Companies E. Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund ICICI Prudential Banking and Financial Services Fund F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund G. Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Birla Sun Life Gold H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Insurance Cover for Your Home Loan Posted: 13 Mar 2014 03:43 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300     While deciding to buy a home, most of you would opt for a home loan. You risk profile increases greatly when you take a home loan, as it is one of the longest debts in your life, requiring a long term commitment. Let’s see how home loan insurance reduces this risk. Why is home loan insurance required? Your home loan liability should be paid off whether you are alive or not. The loan will need to be repaid by your family members if you die during the term of the loan. If the loan is not repaid, the lender can take possession of your home. Home loan insurance will eliminate your family’s burden to repay the loan as the insurance company will pay the outstanding loan amount. Eligibility criteria- Every insurance company has different eligibility criteria. Most companies specify the minimum entry age of the borrower as 18 years and the maximum entry age as 50 years (some banks extend this to 60 years). The maximum age of the borrower at the maturity of the policy is also sometimes stipulated. Some banks also cap the maximum sum assured and have minimum and maximum policy term requirements. Kotak has fixed the maximum term as 30 years while HDFC Life has fixed the maximum sum assured as Rs. 30 lakhs. Working- Home loan insurance is similar to a term life insurance, except that in the case of the former, the sum assured is equal to the outstanding home loan amount and it is not a fixed sum. So, in effect, the insurance cover you get under a home loan insurance reduces when you pay your EMIs.  Example: Raj has taken a home loan of Rs. 20 lakhs and repays Rs. 4 lakhs of the principal over the next 5 years. After 5 years, Raj expires, leaving Rs. 16 lakhs of outstanding loan. If he has taken home loan insurance, the insurance company will pay Rs. 16 lakhs to the lender. In some cases (for example, the Home Safe Plus scheme of ICICI Bank), insurance cover is available on a flat basis instead of a reducing basis. In this case, the fixed amount is paid to the beneficiary. Cost- Premium towards home loan insurance depends on the age of the borrower, amount and tenure of the home loan and the borrower’s medical record. You can either make a single premium payment (generally insisted) or pay the premium periodically. Claim- The insurance is taken in the home loan borrower’s name, and in case of death of the borrower, the family members should file for the claim. The claim amount is paid directly to the lender or in some cases, to the family member. If the borrower is alive beyond the term of the policy, he does not get back the premium paid. What you should watch out for- In most cases, your home loan lender will have a tie-up with an insurance company, from where you will be asked to purchase the insurance. In this case, the lender pays the premium upfront, bundling this with the loan and including it in the EMI amount. This will work against you, as you will be paying interest on the premium amount as well. Example: Suppose your home loan is for Rs. 20 lakhs and insurance premium is for Rs. 2 lakhs. The premium is paid by the lender to the insurance company. Your new loan amount will now be Rs. 22 lakhs, which will be spread out as EMIs over the tenure, resulting in you paying interest on the premium amount also. Home loan insurance can be taken from any company at any time. You can also take a term cover for the value of your home loan. Although it is not compulsory to have an insurance policy to cover your home loan, it is highly recommended to have one to reduce your family’s financial burden. For further information contact Prajna Capitalon 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300 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 Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms --------------------------------------------- Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Franklin India Bluechip ICICI Prudential Top 100 Fund B. Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Birla Sun Life Front Line Equity Fund Franklin India Prima C. Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Birla Sun Life Dividend Yield Plus SBI Emerging Businesses Fund HDFC Mid-Cap Opportunities Fund ICICI Prudential Discovery Fund D. Small and MicroCap FundsInvest Online DSP BlackRock MicroCap Fund 2.Franklin India Smaller Companies E. Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund ICICI Prudential Banking and Financial Services Fund F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund G. Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Birla Sun Life Gold H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF 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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