Wednesday, September 28, 2011

Prajna Capital

Prajna Capital

DSP BlackRock Mutual Fund - DSP BlackRock FMP Series 14 – 12M launched

Posted: 28 Sep 2011 04:01 AM PDT

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP Series 14 – 12M.


The new fund offer will be open for subscription from October 3, 2011 to October 10, 2011. The scheme will mature on October 15, 2012.
 

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in L&T Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

SBI Mutual Fund has announced the launch of FMP - SBI Debt Fund Series 18 Months - 7

Posted: 28 Sep 2011 02:44 AM PDT

 

SBI Mutual Fund has announced the launch of new fund offer (NFO) of SBI Debt Fund Series 18 Months – 7. The new fund offer will be open for subscription from September 29, 2011 to October 7, 211. The minimum investment amount will be Rs. 5000 and in multiples of Rs. 10 thereafter. The scheme would have the growth as well as dividend option.


The scheme will be listed on the Bombay Stock Exchange.
 

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in L&T Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

DSP Blackrock Mutual Fund – Its Schemes

Posted: 28 Sep 2011 01:48 AM PDT

 

DSP Blackrock Investment Managers Private limited is the investment managers to DSP Blackrock Mutual Fund. With their three dimensional approach, they seek to ensure consistency, promote team work among the employees and facilitate operational efficiency and integrity.

 

DSP Blackrock mutual fund has launched several schemes, under various categories for the investors.

 

Equity Schemes:

 

·         DSP Blackrock Natural Resources and New Energy Fund

·         DSP Blackrock Micro Cap Fund

·         DSP Blackrock Equity Fund

·         DSP Blackrock Top 100 Equity Fund

·         DSP Blackrock Opportunities Fund

·         DSP Black Rock India Tiger Fund

·         DSP Blackrock Technology.com Fund

·         DSP Blackrock Small and Midcap Fund

·         DSP Blackrock Tax Saver Fund

·         DSP Blackrock Focus 25 Fund

 

Hybrid Schemes:

 

·                           DSP Blackrock Savings Manager Fund - Conservative

·                           DSP Blackrock Savings Manager Fund – Moderate

·                           DSP Blackrock Savings Manager Fund – Aggressive

·                           DSP Blackrock Balanced Fund

Fixed Income Schemes:

 

·                           DSP Blackrock Liquidity Fund

·                           DSP Blackrock Floating Rate Fund

·                           DSP Blackrock Money Manager Fund

·                           DSP Blackrock Short Term Fund

·                           DSP Blackrock Bond Fund

·                           DSP Blackrock Government Securities Fund

·                           DSP Blackrock Strategic Bond Fund

·                           DSP Blackrock Treasury Bill Fund

·                            

How to Invest Online?

 

Benefits of Investing Online:

 

·                           You can purchase, redeem and order any transactions online.

·                           There is no need for you to contact the broker or any intermediate person for the transaction.

·                           You can view all the portfolio details of your folios online.

·                           You can generate Account Statements; view the past transactions and any other details.

·                           You can update your personal details online.

·                            

How to Invest?

 

As a first time investor, you have to understand the procedures and initial steps to invest online in DSP Blackrock Mutual Fund. Guidelines for investing are available in:

Invest Online -

https://dspbronline.com/iol_login.aspx?distcode=ARN-74461

https://dspbronline.com/iol_purchaserequestwop.aspx?distcode=ARN-74461

 

Refer below for more info…….

http://prajnacapital.blogspot.com/2011/05/buying-dsp-blackrock-mutual-funds.html

 

FAQ - http://www.dspblackrock.com/mfonline/faq_getting_started.asp

Banks List – http://www.dspblackrock.com/mfonline/banklist.asp

 

What to do with your credit report?

Posted: 28 Sep 2011 12:43 AM PDT

The score will range between 300-900, indicating the levels of default and will be available to consumers for a sum not exceeding Rs.100 as prescribed by the RBI. CIBIL, which already has a huge database of credit reports, which are currently consulted by banks before sanctioning a loan is putting up the infrastructure to be ready to service consumers who wish to access their credit reports. Isn't that great news? Now, many of you maybe wondering how your credit report will look like, how to go about setting any mistakes in the report right, how to maximise the benefits of being able to access your credit score and other such issues. Well, look no further. Listed below are the top seven things you ought to do with your credit report.

GET A COPY OF YOUR CREDIT SCORE EVERY YEAR FOR AN ANNUAL REVIEW

You should study the credit report carefully for any hidden flaws or misinterpretations. If you find anything that you feel requires a second check, do it and if still you are convinced it is indeed a flaw, then you need to address the concern immediately and escalate the issue.

TAKE UP ISSUES THROUGH THE FASTER ROUTE

You need to take up issues in your credit report with the bank in question first, if for instance its a debt situation, which has already been paid and is still being recorded as a debt. The bank will then update the credit agency regarding the status and all is well. This approach is less time consuming and far better than directly contacting the credit agency. If in case the bank does not oblige you can take up the matter with the credit agency and the banking ombudsman after waiting for a period of a month, which is the standard waiting period you must provide to the bank to take necessary action.

PAY YOUR BILLS ON TIME

Whether they are loans, credit card payments, insurance premiums every payment counts. If you have hassles remembering payments consider setting up an automated system with your bank to get it cleared within the due date. It is sure shot way to improve you credit score.

KEEP THAT CREDIT CARD AND USE IT JUDICIOUSLY

Maintain and use your credit card. It serves as an excellent tool to boost a good credit score if utilised properly. However, the trick is to use it well and avoid making late payments. Things like not stretching it too close to your credit limit, regular use of the card but timely payments upfront is proof of how you manage credit lent in the short term. This will lay the foundation or provide a sample of how capable you are in managing loans long term, hence this can prove to be an asset to your credit score and help in improving your credit score.

CREDIT TO DEBIT RATIO IS THE KEY FACTOR

As with all logic based reports, your credit report is based on the flow of credit and debt. Here the ratio between these two factors is directly related to your credit score average. For instance, if u have several outstanding debts, even if you pay them on time it would still affect your credit score as your total net worth goes down. Hence try and pay off as much debt as possible and keep them to a minimum before taking a fresh debt or loan.

DO NOT CLOSE YOUR CREDIT CARDS

In line with the same credit to debit ratio aspect, closing down your credit card may not help the score. Even if you do not use the credit card, it would still make sense not to to close it. If you have concerns and must absolutely close it, you may choose to do but be aware that this also has a say in your credit score.

QUICKLY ACT UPON ISSUES IN THE CREDIT REPORT

Dispute a bad credit botch always, don't sit back and let it remain. Try solving the issue by contacting the bank and the credit bureau. If your concerns are taking time to be addressed, credit report systems that are still evolving in India might soon discover at least temporary solutions to the issue like bookmarking the issue as something under the scanner. This will protect you from being evaluated on the basis of a faulty issue in the credit report. This may help you have enough time to resolve the issue with supporting evidence regarding any false debt situations.

 

PMS and its Class

Posted: 27 Sep 2011 11:35 PM PDT


   The problem of plenty is haunting individuals looking to park money in portfolio management services (PMS). It is not just the proliferation of the number of players offering these schemes that is making the selection process cumbersome. It is the variety of PMS, which are on offer, that is giving potential customers a headache.


Gone are the days when the manager would ask the customer for his or her risk appetite and invest the money accordingly. These days one would be bombarded with prefixes such as fundamental, value, quantitative, event-driven and so on. In short, if you have a corpus of . 5 lakh and upwards and looking to park your money in a PMS, you better get a grip of these prefixes before heading for a meeting with the PMS manager.

SPOILT FOR CHOICE

Brokerage houses, boutique investment advisors and even asset management companies (AMCs) offer PMS services these days to rich clientele. While some may ask for a corpus of . 5 lakh to start a PMS, most insist on a higher starting amount — typically around . 25 lakh and upwards.


And here are some of the PMS services offered by players in the market.

FUNDAMENTAL PMS:

As the name suggests, the fund manager builds a portfolio of stocks on the basis of fundamental research. The portfolio could be made up of large-cap or small-cap stocks or a mix of different market capitalisations. This is the most popular PMS product and it is further customised to investor needs. Karvy Private Wealth, for example, offers a large-cap PMS, a mixture of large and mid-cap PMS and a mid-cap PMS. The performance of these schemes is generally compared with the benchmark index. The fund managers objective is to outperform the benchmark over a period of time.

VALUE INVESTING:

It is a philosophy founded and developed by Sir Benjamin Graham and followed by the likes of Warren Buffett. It involves buying stocks quoting at a discount to their intrinsic value. It is generally long-term in nature and stocks bought have to be held for as long as 3-5 years. Brokerages like Motilal Oswal offer products based on this style of investment.

QUANTITATIVE PMS:

They build quantitative models using fundamental and economic data to build a portfolio across different asset classes like equities, gold and debt to generate absolute returns. The idea is to deliver consistently positive returns in various market environments, without the volatility you see in the equity market. The fund manager makes dynamic decisions on when to enter and exit equities, debt, and gold, based on fundamental and macroeconomic data like valuations, fund flows, supply and demand, and crisis indicators.

EVENT-DRIVEN PMS:

Here, the fund manager tries to spot stocks that are likely to turn around in a short period of time, say four to six months. So if there is a stock that has fared poorly this quarter and is expected to bounce back in the next couple of quarters, it could find a place in the portfolio. Or, if the fund manager expects a lot of orders in the infrastructure sector, companies that could benefit from them would get into the portfolio.

MUTUAL FUND PMS:

The fund manager creates a portfolio of mutual fund schemes, depending on the risk profile of the investor. For example, a portfolio of large-cap schemes will be provided to someone with moderate risk appetite. Or a combination of large-cap, mid-cap and small-cap funds could be provided for investors with a higher risk appetite. The monthly statement of the scheme won't be just the transaction statement and it goes beyond connoting the net asset value. If the PMS scheme has invested in five funds, we tell the investor his exposure to each stock by combining these five funds.

TREAD THE PATH CAREFULLY

Do the prefixes to the PMS schemes make sense to you? If no, you should do some reading and be ready with questions to clear your doubts when you meet your manager. Also, you should ask yourself: why am I opting for the PMS route? Especially, when there are several mutual funds schemes that will serve the same purpose.


Its recommend investors to go in for a PMS scheme only when there is a clear distinction on how it is different from a mutual fund scheme. Else, he recommends investors to stick with mutual funds.


Investors who want higher interaction with a fund manager or prefer concentrated portfolio bets use the PMS route. Simply put, if you want to be more involved in the decision making process of your investments, you should opt for a PMS service. Also, you can make personalised aggressive calls in a PMS. For example, even if you foresee a crash, you can sit on 100% cash in a PMS, which won't be possible in a mutual fund scheme.


Next, shift your focus to the PMS service provider. Remember, unlike mutual funds, where there is vast data available in the public domain, there are no such details about PMS providers. That is why reference from friends or relatives or existing clients of the PMS provider may play a crucial part in choosing one. Another important aspect is the fee structure. In a mutual fund, the fee structure is as defined by the regulator. But, with a PMS service provider, the fee model could be fixed or variable. The investor even can opt for a combination of fixed and variable. For example, entities like Karvy offer the variable fee model, where the investor shares 20% of his profits with the firm. Some others work on the fixed fee model and the investor has to pay an annual fee.


As for the disparate nomenclature of PMS services, try to understand the concept on which a particular scheme works. Remember, you have to choose an investment product based on your risk profile and return expectations. Make sure the fancy name and investment strategy matches your profile.

 

 

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in L&T Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 

 

What is Closure of a Home Loan?

Posted: 27 Sep 2011 09:39 PM PDT



Terminating a home loan is as cumbersome as the process of applying for one. It is a document-heavy process. The only difference while closing a loan is that you have to recover all the original documents from the bank or the housing finance company (HFC). Chances are you may just overlook the process as you may be celebrating the fact that your biggest liability is off your head.


The thumb rule is that when you close the loan, you get back all the documents that you submit at the time of loan application to a bank/HFC. These include the loan papers, title insurance, statement, documents of owner's coverage, and other contact papers.


Over and above that you have to get a no-due certificate/settlement statement. This is a written certificate from the lender, stating that you do not have any outstanding dues on your housing loan. This letter has assumed importance because of the formation of credit bureaus.


In such long-tenure loans, which span over 120 to 180 months, a borrower often tends to overlook if any cheque has been delayed or bounced for some reason. Then a bank/HFC slaps some penalty, which costs the borrower a few thousand rupees. Now, if the borrower does not make note of these additional charges and defaults on them, then the bank/HFC terms him/ her a defaulter. It doesn't matter even if you have repaid the principal and the interest component of the loan regularly, you will still be defined as a defaulter.


Sometimes, a housing loan that probably started 10 to 15 years ago may mature now. Since the registration of the property was not computerised then, the registrar may not send the required documents.


Then an HFC/bank has to follow up with the registrar to get all the required documents for the termination of the loan. Another important document you have to possess once you pay off your home loan is the 'title of deeds'. This document traces the title of the property for a minimum period of 13 years. This document is essential if you want to sell your house/property.


Typically, as the first step, any prospective buyer looks at title deeds to confirm if the land is in your name and if you have the full right to sell it.


You should collect all the documents within 10 days from the date of the repayment of the loan. This is best from the bank as well as the borrower's points of view. If the lender loses any of the crucial documents, then the borrower can get into a mess. It's a time-consuming exercise to arrange for the duplicate documents.

 

Insurance: What are Deductibles?

Posted: 27 Sep 2011 07:48 PM PDT



'Deductibles' is a word that appears in many medical insurance policies. In some policy wordings it appears as 'excess'.


In an insurance policy, a deductible is the portion of any claim that is not payable by the insurance company. It is generally quoted in fixed terms. For example, you may have seen an overseas travel insurance policy stating that in case of loss of passport the insured will get $500, subject to deductible of $50. So, if the policyholder's passport is lost and the loss assessment process conducted by insurer arrives at a loss of $250, the insurer will pay $200. Put simply, the maximum an insurer will pay for a loss of passport is $500, provided the policyholder pays the first $50 towards the loss.


In a typical general insurance policy insuring car, home, health or overseas travel, a deductible clause will be applicable to claims arising from damage to or loss of the policyholder. The deductible applies irrespective of the cause and with no bearing on whether the policyholder is responsible for such a loss. As a rule, higher the amount of deductible, lower the premium and the other way round.
Third party covers, however, do not have a deductible clause. Third party covers offer protection to the policyholder up to a sum assured for the harm or loss he causes to a person other than himself. For example, a person is held liable to pay for the loss caused by him if while driving, he happens to dash other person's car. An individual who has met with an accident or suffered due to a wrongful act of others typically tries to recover any loss, no matter how small, and the policyholder is liable to pay in such cases. This is the main reason why there is no deductible in third party covers.

 

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Also, know how to buy mutual funds online:

 

Invest in DSP BlackRock Mutual Funds Online

 

Invest in Reliance Mutual Funds Online

 

Invest in HDFC Mutual Funds Online

 

Invest in Sundaram Mutual Funds Online

 

Invest in Birla Sunlife Mutual Funds Online

 

Invest in IDFC Mutual Funds Online

 

Invest in UTI Mutual Funds Online

  

Invest in SBI Mutual Funds Online

 

Invest in L&T Mutual Funds Online

 

Invest in Edelweiss Mutual Funds Online

 
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