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- NPS Investment Choice for Balanced Investors
- What are P-Notes?
- Health Insurance Claim Documents Required
| NPS Investment Choice for Balanced Investors Posted: 10 Aug 2016 03:24 AM PDT NPS Online   Investors who spread their money across all three types of funds have not done too badly either. Here again, the short-term picture is rather bleak due to the poor returns by the equity funds.The best performer in the past one year, Kotak Pension Fund, has given only 5.42%.But the mediumand long-term returns are reasonably attractive. ICICI Prudential Pension Fund is again the best performing fund for this allocation, with returns of 9.85% in the past five years. The balanced approach, which puts 33.3% in each of the three classes of funds, will suit most investors. It has the potential to give reasonably good returns in the long term without taking too much risk. Please note that the 5-year SIP returns of the balanced portfolio of all pension funds is above 10%. The 3-year SIP returns are also close to double digits. The investor will need to change his allocation as retirement nears. There are sev eral theories about how much should be the allocation to equities at different ages.Some planners say that it should be 100 minus your age. But the maximum equity allocation in the NPS is 50%. Besides, you might also have invested in other instruments for your retirement. Investors who can't take a decision should opt for the lifecycle fund of the NPS. It is also the default option for someone who has not indicated his desired allocation. Under this option, the investor's age decides the equity exposure. The 50% allocation to the equity fund is reduced every year by 2% after the investor turns 35, till it comes down to 10%. The rebalancing happens every year on the investor's birthday. This is in keeping with the strategy to opt for a higher-risk , higher-return portfolio mix earlier in life. As the investor approaches retirement, he shifts to a more stable, low-risk portfolio. ------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ | ||
| Posted: 10 Aug 2016 02:19 AM PDT P-Notes Investments into domestic capital markets through P-Notes slumped to the lowest level in nearly two years to `2.10 lakh crore at the end of June, after Sebi tightened disclosure norms and other related regulations. 1. What are P-Notes? P-Notes or Participatory Notes are Overseas Derivative Instruments that have Indian stocks as their underlying assets. They allow foreign investors to buy stocks listed on Indian exchanges without being registered. The instrument gained popularity as FIIs, to avoid the formalities of registering and to remain anonymous, started betting on stocks through this route. 2. What are govt & regulator's concerns? The primary reason why P-Notes are worrying is because of the anonymous nature of the instrument as these investors could be beyond the reach of Indian regulators. Further, there is a view that it is being used in money laundering with wealthy Indians, like the promoters of companies, using it to bring back unaccounted funds and to manipulate their stock prices. 3. What has Sebi done to regulate P-Notes? Sebi has taken a number of steps to tighten rules on P-Notes. In 2007, P-Notes were banned for a while due to a surge in capital flows and excess liquidity .After this, markets crashed immediately , but recovered after the regulator said FIIs could not take any fresh exposure, and their existing investments would have to be wound up in 18 months. But a year later, all restrictions on P-Notes were removed during the financial crisis, only to be tightened again later. From January 2011, What are P-Notes?have had to follow KYC norms and submit details of transactions. In 2014, new rules on foreign portfolio investors (FPIs) made it mandatory for those issuing P-Notes to submit a monthly report disclosing their portfolios. This led to a decline in the number of entities issuing P-Notes. More recently , Sebi mandated that in addition to KYC, the anti-money laundering rules (AML) will also be applicable to P-Note holders. Earlier, a P-Note holder had to adhere to KYC or AML norms of just their home jurisdiction. Sebi also issued norms on transfer ability of P-Notes between two foreign investors and increased the frequency of reporting by P-Note issuers. 4. Do regulators wish to ban P-Notes? Sebi is not in favour of banning the instrument as it is used globally in many markets. In a recent interview to ET, Sebi chairman UK Sinha said: "Participatory notes, in Sebi's and government's views, are legitimate instruments that are required for normal financial transactions and are prevalent in all the larger markets." It is nothing unique to India and there are business reasons for having these transactions through PNs. According to Sinha, out of the 9,000 FPIs registered with Sebi, 37 are issuing P notes. ------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ | ||
| Health Insurance Claim Documents Required Posted: 10 Aug 2016 12:22 AM PDT Buy Health Insurance Online You have bought a good health insurance cover, but you also need to be good at knowing how to claim the insurance money, should a need arise According to the rules on claims settlement for a health insurance policy, the insurer has to take a decision to pay or reject a claim within 30 days. The 30-day window starts from the time the insurer receives the last necessary document. So, what are these documents? We asked insurers and brokers and compiled the list for you. Read on. Necessary documents
In the case of reimbursement claims, where you pay the hospital bills directly and then get them reimbursed by the insurer, make sure you have all the necessary documents.The insurer will need the claims acknowledgment number. This is the number the insurer gives you when you walk into a hospital and inform the insurer that you would be making a claim. You also need to fill a claim form and send a list of medical documents-discharge summary, diagnostic tests and reports, their bills, treatment charges and doctor's prescription. You will need to give a cancelled cheque and fill up an electronic clearance service (ECS) form so that the insurer can transfer the money into your account. Do remember that the policy also covers pre- and post-hospitalisation expenses. So even if hospitalisation expenses are covered in a cashless way, expenses on pre- and post-hospitalisation are typically reimbursed. Most policies cover medical costs up to 30 days before hospitalisation and about 60 days after it. Two things are important for the insurer: duration of pre- and post-hospitalisation expenses and if the expenses were incurred for the medical condition for which you got hospitalised. Duration of claim settlement
The rules also state that all the information related to the insured and the medical history captured at the time of selling the policy should be held in electronic form. Same goes for earlier claims. This is so that the insurer doesn't need more details from you when a claim is made. The insurer can tell you by when all necessary claim documents need to be submitted. If there are valid reasons for a delay, the insurer has to consider the claim. But the real challenge that reimbursement claims still face is final settlement of the bill amount, when the money comes into your account. According to an insurance broker we spoke to, this could take up to 10 days for private insurers and a couple of months with public sector companies. ------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ |
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