tag:blogger.com,1999:blog-7353050255251189202024-03-05T20:23:00.054-08:00Financial Loans and Real Estates Business for PropertyRajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.comBlogger44125tag:blogger.com,1999:blog-735305025525118920.post-22969109103691803052012-07-19T21:52:00.001-07:002012-07-19T21:52:31.323-07:00Offshore India Bond Fund to be Launched by HSBC Global Asset Management<div align="justify">Offshore India Bond Fund is to be launched by HSBC Global Asset Management. The Company has planned to launch Offshore India Bond Fund over the next few months.<br /><br />About Offshore India Bond Fund, Economic Times quotes a statement of Sridhar Chandrasekharan, chief executive, HSBC Global Asset Management, “Given the long term confidence, the credit, rates and currency considerations have made Indian fixed income attractive.”<br /><br />Further he adds, “Helpful in this has been the ultra-low interest rate environment in much of the developed world, and also the steps taken to allow foreign investors to access the Indian fixed income market, although more needs to be done.”<br /><br />It writes his statement, “A lot of other countries are also facing similar issues, even in the developed world, and hence investors will always look at relative value across a range of countries and the rating alone is not a make or break scenario of the investment case for them.”<br /><br />ET online magazine writes about Offshore India Bond Fund, “according to offshore fund managers, higher interest rates are prompting funds to take a lighter view of a probable downrating (of India sovereign) by top rating agencies, asset managers said. Yield on India's 10-year benchmark bond is about 8.3%, which is higher then what crisis-hit countries in the Eurozone are paying investors. The 10-year UK gilts fetches 1.55% while the ten-year US treasury bonds yield 1.49%. Triple A-rated Indian corporate bonds yield about 9.3%.”</div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-41447483483629611722012-05-13T06:39:00.001-07:002012-05-13T06:39:44.668-07:00Taurus Banking & Financial Services Fund Launched by Taurus Mutual Fund<div style="text-align: justify;">Recently, Taurus Mutual Fund launched Taurus Banking & Financial Services Fund which is the first sector fund of the Company.<br /><br />An online news portal about business and economy – www.economictimes.indiatimes.com reported about Taurus Banking & Financial Services Fund, “The fund will be actively managed and benchmarked to the BSE Bankex. Being a sectoral fund, the portfolio could be concentrated. The fund manager will invest with a long term horizon and a time frame of 3 to 5 years. The minimum investment amount is Rs 5,000. While there is no entry load, there is an exit load of 1% if you redeem before the completion of one year of allotment of units. The NFO closes on May 16, 2012.”<br /><br />Further it added, “The central bank reduced repo rates by 50 basis points, signaling rates have peaked out and could be headed downwards. This along with the fact that the stock markets are in a correction phase could give the fund manager a good opportunity to build a portfolio. However, not all is well specially within the PSU banking space.”<br /><br />It quotes a statement of Kartik Mehta also who is AVP (Research), Sushil Financial Consultants, “Restructured assets have increased five fold without any material change in the reported level of non performing assets. Also, the government is expected to increase its borrowings which in turn would increase the cost of capital for banks, thereby reducing their margins.”<br /><br />So, Taurus Banking & Financial Services Fund is the first and new area of investment by Taurus Mutual Fund like <a href="http://propertyonwheel.blogspot.in/2012/01/idbi-dynamic-bond-fund-launched-by-idbi.html">IDBI Dynamic Bond Fund</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-84593120995695263152012-02-29T01:24:00.001-08:002012-02-29T01:24:56.895-08:00New ULIP Launched by Reliance Life Insurance<div style="text-align: justify;">Recently, Reliance Life Insurance Company (RLIC) which is a part of Reliance Capital Ltd announced to launch a new unit-linked insurance plan. The new ULIP of RLIC comes with both regular as well as single premium options.<br /><br />About the new Reliance Life Insurance ULIP, online news portal - economictimes.indiatimes.com about business and economy quotes a statement of Malay Ghosh, President and ED, Reliance Life Insurance, “This is the first time that RLIC is introducing a new life cover option in its ULIP portfolio and it offers customer life cover benefit that is equal to the sum assured or the fund value, whichever is higher.”<br /><br />Further he adds to the ET, “This feature is a clear differentiator from the existing ULIP plans in our portfolio that offer life cover benefit that is equal to the sum assured plus fund value.<br /><br />This new feature allows the customer to get the benefit of enhancing their savings, coupled with insurance protection, at minimal cost.”<br /><br />The news portal quotes the statement of Ghosh about the New ULIP of Reliance Life Insurance in details, “Reliance Life Insurance Classic Plan-II comes with regular as well as single premium options, while premium for regular option starts at Rs 15,000 and for single premium at Rs 50,000.<br /><br />The minimum policy term under the plan is 15 years and the maximum policy term is 30 years. The age of entry for this policy can be from 7 years to 60 years and the maturity age can vary from 22 years to 75 years.”<br /><br />In the conclusion, the news portal writes, “The maximum sum assured for regular premium policies ranges from 20 to 30 times annualized premium (depending on age at entry) and for single premium policies it ranges from 2-6 times the single premium.”<br /><br />So, New ULIP of Reliance Life Insurance is the beneficial and contemporary plan for the customers like <a href="http://propertyonwheel.blogspot.in/2011/12/reliance-mutual-fund-any-time-money.html">Reliance Mutual Fund Any Time Money Card</a>.</div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com1tag:blogger.com,1999:blog-735305025525118920.post-56604120500860897062012-01-31T23:59:00.001-08:002012-01-31T23:59:43.514-08:00IDBI Dynamic Bond Fund Launched by IDBI Mutual Fund<div style="text-align: justify;">There is a new fund offer (NFO) from IDBI Mutual Fund, Mumbai Asset Management Firm known as IDBI Dynamic Bond Fund. The fund is featured with generating income while maintaining liquidity on a minimum investment of Rs 5,000. It opens from 31st January, 2012.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, writes about IDBI Dynamic Bond Fund, “The scheme will invest in portfolio comprising debt instruments like government securities, PSU and corporate bonds and money market instruments.”<br /><br />The news portal quotes a statement of Debasish Mallick also about IDBI Dynamic Bond Fund who is the IDBI Asset Management managing director and chief executive, “Debt is the flavour of the market. People consider debt to be the best option compared to equities which is still considered uncertain”<br /><br />Further he added about IDBI Dynamic Bond Fund, “However, the asset allocation in the debt and money market instruments is not predetermined and could vary according to market conditions.”<br /><br />“We want to collect a sizable corpus and allow it to grow with time,” according to the executive director B Sarath Sarma. So, IDBI Dynamic Bond Fund is a comprehensive MF to grow with time.<br /><br />In the conclusion, “The open-ended debt scheme will close on February 14 and has an exit load of 1 percent if redeemed within a year. The company is aiming to collect a corpus of at least Rs 107 crore from the issue.”<br /><br />IDBI Dynamic Bond Fund is an open ended debt scheme. It will lose on 14th February, 2012. The Company has targeted to collect a corpus of at least Rs. 107 crore from the Fund.<br /><br />IDBI Mutual Fund is a part of IDBI Bank to invest in Mutual Fund market. IDBI Dynamic Bond Fund is the new fund from IDBI Mutual Fund. It can be compared with <a href="http://propertyonwheel.blogspot.in/2011/12/reliance-mutual-fund-any-time-money.html">Any Time Money Card</a> of Reliance Mutual Fund. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-2504722590871814342011-12-17T00:31:00.000-08:002011-12-17T00:32:01.540-08:00Reliance Mutual Fund Any Time Money Card Launched<div style="text-align: justify;">Reliance Mutual Fund launched “Any Time Money Card” to give retail consumers instant access to their mutual fund investments.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Himanshu Vyapak, CEO of Reliance Capital Asset Management Ltd., “Reliance Mutual Fund is the first fund house in the country to launch this card that offers all the convenience of a debit card for investments made in Reliance mutual fund schemes.”<br /><br />Any Time Money is the first card in India launched by Reliance Mutual Fund to offer all the convenience of a debit card for investments in RMF.<br /><br />Further he said in his statement about Reliance Any Time Money Card, “For long, investors have been shying away from investing in MF schemes, especially liquid funds, primarily for lack of options that assure them access to their investments, as and when required, without restricting the growth potential of investments. We feel this card will fill this gap and provide them the necessary reassurance of instant access to their money, allowing them to access their investments just as they would a savings account.”<br /><br />Reliance Mutual Fund Any Time Money Card will provide an access to the investments of investors and necessary reassurance of instant access to their money.<br /><br />The Reliance Mutual Fund Any Time Money Card will be made available to investors investing in RMF. Himanshu Vyapak added, “the card will be linked to investments made in the designated funds and can be used to withdraw cash from any VISA authorized ATM or payments at Point of Sale (PoS) outlets. The card has no annual fees or transaction charges within India.”<br /><br />There is no annual fee or transaction charge within India for the card. It will be linked to investments and can be used to withdraw cash from any VISA authorized ATM. It is a new product of Reliance Mutual Fund after <a href="http://propertyonwheel.blogspot.com/2011/02/reliance-sip-in-gold-savings-fund.html">Reliance SIP in Gold Savings Fund</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-49129065411695404362011-10-22T22:59:00.000-07:002011-10-22T23:00:29.572-07:00Triple Health Insurance Plan Introduced by Bharti AXA Life<div style="text-align: justify;">Recently, Bharti AXA Life introduced a new critical illness plan - Triple Health Insurance Plan. It covers up to 3 unrelated critical illnesses.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, writes about Triple Health Insurance Plan, “The sum assured is paid out in lump sum upon diagnosis of ailments covered under the policy. While other critical illness covers cease once the claim is disbursed, this product promises to extend the cover to include three critical illness claims during the life of the policy.”<br /><br />Further it adds, “However, it is restricted to 13 diseases or conditions covered by the policy. The claims can be to the extent of 100% sum assured for all the three illnesses, provided they do not fall in the same group as listed by the policy, which covers 13 such ailments, segregated into three groups in all.<br /><br />Note that this condition means that no claim will be payable in the event of recurrence of say heart attack or cancer, since they would fall in the same group. Group A includes conditions like heart attack, coronary artery bypass, kidney or heart transplant, kidney failure and paralysis. Group B has coma, multiple sclerosis, liver or lung transplant. And Group C takes care of cancer, benign brain tumour and bone marrow transplant.”<br /><br />About the details of Triple Health Insurance Plan the news portal writes, “Only those with no pre-existing illnesses at the time of applying will be eligible for this policy, which will kick in after a waiting period of 90 days from the policy's inception. Also, between diagnoses of two illnesses, there has to be a gap of 365 days, for the second or third claim to be admissible. Premium rates are guaranteed for the first three policy years, post which they can be reset annually.<br /><br />The total policy and premium paying term is 15 years. The minimum and maximum ages at entry are 18 and 50, respectively, with the upper age limit at maturity being 65 years. You have to buy a cover of at least Rs 2 lakh, while the highest cover available under the policy is Rs 30 lakh.”<br /><br />So, it is one of the best health policies for the age group of 18 to 50. Maturity of age for the plan is 65 years. Policy paying term is 15 years. You can take a look of <a href="http://propertyonwheel.blogspot.com/2011/10/capital-protection-oriented-fund.html">Capital Protection Oriented Fund of SBI Mutual Fund</a> also. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-22327923229787192682011-10-07T06:29:00.000-07:002011-10-07T06:30:04.420-07:00Capital Protection Oriented Fund Launched by SBI Mutual Fund<div style="text-align: justify;">Recently, SBI Mutual Fund launched a close-ended Capital Oriented Fund. It is featured with the twin objective of capital protection and growth.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement about SBI Capital Protection Oriented Fund, <blockquote>“The objective of the three-year close-ended fund is to protect the capital invested on maturity of the scheme through focused investments in equity, debt and money market instruments, at the same time also seeking to provide investors with opportunities for long-term growth in capital.”</blockquote><br /><br />SBI Capital Protection Oriented Fund is aimed to fulfill the objective of protecting the 3-year close-ended fund from the capital invested on maturity of the scheme. It protects the fund focused in equity, debt and money market. It seeks investors also to provide opportunities for long-term growth in capital.<br /><br />Further it adds, <blockquote>“Fund combines investment avenues and caters to the prime requirement of all the Indian investors who want returns along with the capital protection.”</blockquote><br /><br />SBI Capital Protection Oriented Fund is combined with the investment avenues. It creates the prime requirement of all the Indian investors who want returns along with capital protection. It is the latest offering from SBI after <a href="http://propertyonwheel.blogspot.com/2011/08/sbi-gold-fund-launched-by-sbi-mutual.html">SBI Gold Fund of SBI Mutual Fund</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-34447718033277222532011-08-27T02:18:00.000-07:002011-08-27T02:25:02.721-07:00SBI Gold Fund Launched by SBI Mutual Fund<div style="text-align: justify;">Recently, SBI Mutual Fund launched a new fund - SBI Gold Fund. It is an open-ended fund to enable investors to invest systematically in gold and gain advantage of the recent rally in the metal’s prices.
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<br />An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Deepak Chatterjee who is the SBI MF Managing Director and Chief Executive Officer, <blockquote>“It is a convenient product and will give an opportunity to an investor to invest in the purest form of gold without the need of buying and storing physical gold, that too, without a dematerialised account unlike gold exchange traded funds.”</blockquote>
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<br />So, SBI Gold Fund will give an opportunity to an investor to invest in the gold without buying and storing it. It is just like gold exchange traded funds.
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<br />He added, <blockquote>“There was a demand for ETFs and the assets under ETF schemes in the country crossed Rs 6,000 crore last month.”</blockquote>
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<br />SBI Gold Fund will open on August 22 and close on September 5, 2011. Investors have to invest minimum Rs. 5000 in this fund.
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<br />The portal quotes another statement of SBI MF Chief Investment Officer Navneet Munot, <blockquote>“Gold could show some volatility in future and hence the SIP route makes more sense. Looking at the current global economic conditions and stock market volatility, gold is a better option.”</blockquote>
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<br />So, gold is a better option to see the economic conditions and stock market volatility. In this situation, SBI Mutual Fund launches SBI Gold Fund to grab the investors from the market.
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<br />Gold loans and investment in gold are the main market in India these days. <a href="http://propertyonwheel.blogspot.com/2011/06/loan-against-gold-units-launched-by.html">Loan against Gold Units of Reliance Commercial Finance</a> and <a href="http://propertyonwheel.blogspot.com/2011/07/loans-against-gold-etf-units-to-be.html">Loans against Gold ETF Units of Muthoot Finance</a> are the most effective products of the recent days. Now, SBI Mutual Fund has introduced SBI Gold Fund to grab Indian market. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-21106216771297167982011-08-06T23:55:00.000-07:002011-08-06T23:58:37.854-07:00HDFC Bank INFINIA Card Launched for Only 5000 Individuals<div style="text-align: justify;">Recently, HDFC Bank announced to launch a new credit card for the rich people of the country named – INFINIA. Initially, the bank will issue only to 5000 individuals.<br /><br />The ultra premium credit card is featured with virtually “no limits” – not just in terms of spend, but also the luxuries as per the announcement of HDFC Bank.<br /><br />An online news portal - economictimes.indiatimes.com about business and economy, quotes a statement of HDFC Bank Managing Director Aditya Puri about INFINIA Credit Card, <blockquote>“…What prompted us to conceive INFINIA was the need our clients felt for such a product. We are confident INFINIA will soon be the card of choice for India's rich.”</blockquote><br /><br />So, INFINIA is launched by HDFC to satisfy the need of the Bank’s clients. The card is introduced as the choice for India’s rich.<br /><br />Further the news portal quotes a statement of HDFC Bank Country Head (Retail Assets and Credit Cards) Pralay Mondal, <blockquote>“…HDFC Bank already enjoys the highest mind and wallet share in credit cards. With INFINIA, we will redefine the lifestyle experience of the elite.”</blockquote><br /><br />So, HDFC Bank thinks to redefine the lifestyle experience of the elite. The bank has already targeted highest mind of India to share experience of credit cards.<br /><br />INFINIA Card will be available in both Visa and MasterCard format. The card is launched for India's High Networth Individual (HNI) population.<br /><br />HDFC Bank INFINIA card will became the honorable card for the rich population of India. The bank will initially offer the card only to 5000 HNI population.<br /><br />HDFC Bank has 186 distribution network and 5,471 ATMs in 996 cities in India as on March, 2011. HDFC is one of the most influencing banks in Indian banking sector. Indian financial market is taking a new shape with banking institutions. <a href="http://propertyonwheel.blogspot.com/2011/07/loans-against-gold-etf-units-to-be.html">Loans against Gold ETF Units of Muthoot Finance</a> have given a new vision to the Indian investors.</div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-44769531053665816362011-07-24T19:43:00.000-07:002011-07-24T19:44:48.651-07:00Loans against Gold ETF Units to be offered by Muthoot Finance<div style="text-align: justify;">Recently, Muthoot Finance Ltd announced to offer loans against Gold ETF (Exchange Traded Funds) units as security. The Company claims to be the largest gold finance NBFC in India.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com quotes a statement of Muthoot Finance Ltd Managing Director George Alexander Muthoot about loans against gold ETF units, <blockquote>“loans against gold ETF units was a scheme through which Muthoot Finance plans to venture into a totally new segment of gold financing, which would not only add value, but also enable the company to service the financial requirements of newer customer segments.”</blockquote><br /><br />Further he adds, <blockquote>“The new scheme would come into force by this month end and would enable the customers to avail finance at the rate of 15 per cent interest against their Gold ETF units to the extent of 85 per cent of the Net Asset Value of ETFs.”</blockquote><br /><br />The news portal quotes a statement of Sunita Anand also who is National Stock Exchange Assistant Vice-President and Southern Region Head, <blockquote>“Gold ETFs have seen a progressive rise in popularity throughout the country over the past two to three years, attaining a whopping size of over Rs 5,000 crore as of June this year, resulting out of active investments from over 320,000 investors.”</blockquote><br /><br />In an analysis of the fund, the news portal writes, <blockquote>“Commonly referred as 'paper gold', gold ETFs are mutual fund units issued by asset management companies against 99.5 per cent purity physical gold deposited with a SEBI-registered custodian.<br /><br />These funds are passively managed and mirror domestic gold prices. By enabling investors to invest in gold without holding it in physical form, gold ETFs offer a rather unique investment opportunity to investors.”</blockquote><br /><br />So, essence of the gold ETFs offer is giving a rather unique investment opportunity to investors by Muthoot Finance Ltd. It is introduced just after <a href="http://propertyonwheel.blogspot.com/2011/06/loan-against-gold-units-launched-by.html">Loan against Gold Units of Reliance Commercial Finance</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-16160616379377312692011-06-21T19:32:00.000-07:002011-06-21T19:33:18.344-07:00Loan against Gold Units Launched by Reliance Commercial Finance<div style="text-align: justify;">Recently, Reliance Commercial Finance (RCF), part of the Anil Dhirubhai Ambani Group, launched a unique initiative plan – loan against gold.<br /><br />An online news portal - economictimes.indiatimes.com, writes about the offer, <blockquote>“Customers can avail of loans up to 90 percent of the value of gold units held, while the minimum amount offered under this initiative would be Rs.100,000 and the maximum would be Rs.1 crore.<br /><br />The tenure of the loans will vary from 6 months to 12 months and can be paid in easy repayment options available under the initiative.”</blockquote><br /><br />The news portal adds a statement of K.V. Srinivasan, chief executive of Reliance Commercial Finance also, <blockquote>“These loans, being offered by RCF, are part of an exclusive tie-up with Reliance Mutual Fund and would initially be available to investors of Reliance Gold Savings Fund only. We strongly believe that gold funds have opened an entirely new avenue for offering loans to customers. We expect this segment to ramp up aggressively as investors start embracing this form of gold for future investments. The tie-up provides a unique opportunity for Reliance Gold Savings fund investors to unlock the value of their savings held in form of Gold mutual fund units. Investors will continue to enjoy benefit of gold price appreciation during the tenure of loan.”</blockquote><br /><br />The news portal writes about the character of loan against gold units, <blockquote>“Reliance gold savings fund enables investments in the precious metal in paper form, without having to open a dematerialised account. In other similar funds, a demat account is mandatory.”</blockquote><br /><br />This facility is offered across 17 locations in India. These are launched with an exclusive tie-up with Reliance Mutual Fund. It would initially be available to investors Reliance Gold savings fund only. So, it enables investments in the precious metal in paper form. It is launched just after <a href="http://propertyonwheel.blogspot.com/2011/02/reliance-sip-in-gold-savings-fund.html">Reliance SIP in gold savings fund</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com1tag:blogger.com,1999:blog-735305025525118920.post-31375188119582053132011-05-31T20:55:00.000-07:002011-05-31T20:57:07.632-07:00Equity Plus Scheme Launched by Sundaram Mutual Fund<div style="text-align: justify;">Recently, Sundaram Mutual Fund launched Equity Plus scheme, an open-ended scheme. The scheme was open for only May 16, 2011. It is closed now. It was open from May 4, 2011.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, writes about the Sundaram Mutual Fund Equity Plus scheme, <blockquote>“Sundaram Equity Plus aims to invest between 65-85 per cent in equity to give all the tax advantages of a designated equity fund and a maximum of 35 per cent in gold ETF.”</blockquote><br /><br />So, Sundaram Equity Plus is aimed to invest more than 80% equity to give all the tax advantages of a designated equity fund.<br /><br />The portal quotes a statement of Sundaram Mutual Fund's Director-Sales & Marketing, Sunil Subramaniam also, <blockquote>“The scheme will primarily focus on opportunities in Indian equities with the addition of gold-ETF to provide diversification and exposure to the relative attractiveness of gold in certain phases. The investors will get benefit from equity and gold ETF- two asset classes in terms of capital appreciation and avail tax benefits.”</blockquote><br /><br />It provides diversification and exposure to the relative attractiveness of gold in certain phases as per the stamen of Sunil Subramaniam who is the Sundaram Mutual Fund's Director-Sales & Marketing.<br /><br />It quotes the statement of Sundaram Equity Plus Fund Manager, Srividhya Rajesh also, <blockquote>“The performance of the scheme will be benchmarked to the S&P CNX Nifty index for the equity and equity related instruments and to the price of gold for the investments in gold-ETF. The objective of this scheme would be to seek capital appreciation by investing in equity and equity-related instruments listed in India to the extent of at least 65 per cent and in gold-ETF up to 35 per cent.”</blockquote><br /><br />The news portal writes about the Sundaram Mutual Fund, <blockquote>“Sundaram Mutual Fund, a major player in the fund management has an average asset under management (AUM) of about Rs 14,556 crore as on April 2011.”</blockquote><br /><br />We already have experienced <a href="http://propertyonwheel.blogspot.com/2011/03/samridhi-plus-launched-by-lic-under.html">Samridhi Plus of LIC</a>. Now, tell your experience with Equity Plus Scheme of Sundaram Mutual Fund. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-76178323790586458602011-04-21T05:44:00.000-07:002011-04-21T05:46:23.403-07:00Pramerica Fixed Duration Fund-Series 2 Launched by Pramerica MF<div style="text-align: justify;">Recently, Pramerica Mutual Fund announced to launch of a close-ended income scheme. It is Pramerica Fixed Duration Fund-Series 2.<br /><br />About Pramerica Fixed Duration Fund-Series 2 an online news portal about business and economy - economictimes.indiatimes.com writes, <blockquote>“Pramerica Fixed Duration Fund-Series 2 is open for subscription from March 24 till March 28, 2011. The duration of the fund will be for 366 days from the date of allotment, including the date of allotment.”</blockquote><br /><br />Further it quotes a note of press release, <blockquote>“The scheme seeks to provide reasonable returns, commensurate with a moderate level of risk, through investments in a portfolio of debt and money market instruments. The scheme has low credit risk and is tax-efficient.”</blockquote><br /><br />So, the scheme is aimed to provide reasonable returns with a moderate level of risk. It is a low credit risk and tax-efficient scheme.<br /><br />The online news portal quotes a statement of Mahendra Jajoo who is the Pramerica Executive Director and CIO-Fixed Income, <blockquote>“FMPs can be an ideal product for all investors who wish to invest in a product with moderate risk for a fixed tenure and earn tax-efficient returns. In the mid-quarter Monetary Policy review conducted on March 17, RBI hiked key rates by 25 bps.”</blockquote><br /><br /><blockquote>"Bank CDs are currently trading at attractive yields and with the fresh round of rate hike, they are expected to stabilise around these attractive levels. Thus, this could be an opportune time to invest in a FMP.”</blockquote><br /><br />It is time to invest in a FMP when bank CDs are currently trading at attractive yields. It is being considered as an ideal product for all investors who wish to invest in a product with moderate risk for a fixed tenure and earn tax-efficient returns. It is the most appreciating product like <a href="http://propertyonwheel.blogspot.com/2011/03/samridhi-plus-launched-by-lic-under.html">Samridhi Plus of LIC</a>.</div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-34657229580693048682011-03-17T01:28:00.000-07:002011-03-17T01:31:15.808-07:00Bright Stars Power Plus and Wonder Years Retirement Plan Launched by Bharti AXA Life<div style="text-align: justify;">Recently, Bharti AXA Life announced to launch two new insurance plans - Bright Stars Power Plus and Wonder Years Retirement Plan.<br /><br />Wonder Years Retirement Plan is a retirement plan of Bharti AXA Life. It is a traditional product and offer combined benefits of guaranteed returns and life insurance cover.<br /><br />Bright Stars Power Plus is a child plan of Bharti AXA Life. The insurance plan is featured with protecting and building savings for the child's key lifestages.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Bharti AXA Life Chief Marketing & Operations Officer Mark Meehan, <blockquote>“Both the products are based on extensive consumer research and hence address the needs highlighted by customers. They have been specifically designed to provide returns at the key life stages.”</blockquote><br /><br />So, both products have been introduced after having researched of market and consumers’ requirement. The plans have been designed to provide returns at the key life stages.<br /><br />The news portal writes about the insurance plans, <blockquote>“While the retirement plan - Bharti AXA Life Wonder Years Retirement Plan - will be a traditional product and offer combined benefits of guaranteed returns and life insurance cover.<br /><br />The child plan - Bharti AXA Life Bright Stars Power Plus - would have the features that protects and build savings for the child's key lifestages.”</blockquote><br /><br />So, these insurance plans are compatible with new requirement of customers. These are as impressive as <a href="http://propertyonwheel.blogspot.com/2011/03/samridhi-plus-launched-by-lic-under.html">Samridhi Plus of LIC</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-54661643550971671892011-03-04T08:53:00.000-08:002011-03-04T08:55:40.138-08:00Samridhi Plus Launched by LIC under ULIP Portfolio<div style="text-align: justify;">Recently, Life Insurance Corporation of India launched - Samridhi Plus. It is launched under unit linked portfolio. It is aimed to offer insurance protection, safety and growth.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, writes about the Samridhi Plus, <blockquote>“The minimum age at entry level for Samridhi Plus is 8 years while the maximum age is 65 years.<br /><br />The minimum premium ranges from Rs 1500 (monthly - ECS) to Rs 30,000 (single premium) depending on the mode of payment while the maximum is Rs 1 lakh per annum under any mode for the 5 year premium paying term.”</blockquote><br /><br />So, LIC has minimized and maximized the age of entry level for the Samridhi Plus. There is 8 years minimum age and 65 years maximum age for the insurance policy.<br /><br />Premium of Samridhi Plus is also affordable and flexible which starts from 1500 monthly amount. There is 1 lakh per annum under any mode for the 5 year premium paying term.<br /><br />It quotes a statement of LIC also, <blockquote>“Samridhi Plus safeguards policyholders' investment from market fluctuations. Accident benefit option is also available under this plan that will be equal to the life cover up to a maximum of Rs 50 lakh; subject to certain conditions. The policy term for the plan is fixed for 10 years.”</blockquote><br /><br />So, there is an accident benefit option also under this plan. It will be known as equal to the life cover up to a maximum of Rs. 50 lakh. It is fixed for 10 years for the policy term.<br /><br />Samridhi Plus is launched with the new aspect of flexibility in the insurance sector. You are able to choose it according to your needs and requirement. The plan is really impressive for all age. The plan is as impressive as <a href="http://propertyonwheel.blogspot.com/2011/01/life-shield-platinum-and-aviva-dhan.html">Life Shield Platinum and Aviva Dhan Varsha of Aviva Life Insurance</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-42184571619445334322011-02-22T19:27:00.000-08:002011-02-22T19:29:01.092-08:00Reliance SIP in Gold Savings Fund Introduced by Reliance Mutual Fund<div style="text-align: justify;">Recently, Reliance Mutual Fund announced to launch India’s first systematic investment plan (SIP) in Gold Savings Fund. Premium of the SIP Gold Savings Fund can be made on the monthly basis.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of CEO of Reliance Capital Asset Management Sundeep Sikka, “It was the first SIP in gold introduced in the domestic mutual fund industry aimed at helping investors to accumulate the yellow metal in small amounts regularly.”<br /><br />So, the first SIP will be known as the collecting yellow metal in small amounts regularly. The Mutual fund helps investors in accumulating gold with their regular income.<br /><br />Further he said, “We are introducing SIP in Reliance Gold Savings Fund. This is aimed at cultivating a regular savings habit among investors to accumulate gold in small amount through the SIP mode.”<br /><br />Reliance SIP in Gold Savings Fund is aimed to cultivating a regular saving habit in gold sector with small amount through SIP mode.<br /><br />With another statement of Sikka, “Reliance Gold Savings Fund is the only fund in the market which will enable investors to invest in gold in a paper form without the need of a Demat account as it provides the facility to invest through online medium and physical application mode.”<br /><br />It is the most secure way to invest in Reliance Gold Savings Fund with Reliance Mutual Fund. Investors can invest in gold in a paper form without the need of a Demat account. There are both modes to apply for the Reliance Gold Savings Fund – physical and online. It is as benefited as <a href="http://propertyonwheel.blogspot.com/2010/11/classic-ulip-plan-launched-by-reliance.html">Classic ULIP Plan of Reliance</a>.<br /><br />In the conclusion he said, “The new fund offer was a convenient way to diversify investment portfolio and reap the returns of gold from a long-term perspective.”<br /><br />The news portal writes about the fund, “The fund allows small regular investments as low as Rs 100 per month and in multiples of Re one thereafter.”</div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com1tag:blogger.com,1999:blog-735305025525118920.post-24456340576387283722011-01-26T08:34:00.000-08:002011-01-26T08:35:40.799-08:00Life Shield Platinum and Aviva Dhan Varsha Launched by Aviva Life Insurance<div style="text-align: justify;">Recently, Private insurer Aviva Life Insurance announced the launch of two new insurance plans - Life Shield Platinum and Aviva Dhan Varsha. These fulfill the requirement of loan protection, income protection as well as offer guaranteed returns.<br /><br />Life Shield Platinum and Aviva Dhan Varsha are two traditional insurance products of Aviva Life Insurance.<br /><br />Life Shield Platinum of Aviva Life Insurance is featured with options to choose the protection need ranging from life protection, income replacement or loan protection.<br /><br />On the other hand, Aviva Dhan Varsha of Aviva Life Insurance is featured with traditional investment cum protection plan. It gives a guaranteed addition of 6 % to 9 % of the life cover along with life protection and riders to secure one's future.<br /><br />An online news portal - money.oneindia.in, quotes a statement of Mr. T R Ramachandran, CEO and Managing Director, Aviva Life Insurance India, “…Moreover, the 2 products are on a traditional platform and take care of the problems on loan protection, income protection and provide guaranteed returns.<br /><br />The country is underinsured with only 4% of insurance penetration and a growing base of insurable population in the age group of 15-59 years.<br /><br />Aviva India is a joint venture between one of the country's oldest and largest groups, Dabur, and Aviva plc, the UK's largest insurance group, whose association with India dates back to 1834.<br /><br />Our vision is to be amongst India's leading life insurers with a quality business model, focused on sustainable growth. We seek to build a robust product portfolio meeting all customer lifecycle needs related to - Savings, Retirement, Investments and Protection.”<br /><br />Life Shield Platinum and Aviva Dhan Varsha traditional insurances products are benefited with various features like <a href="http://propertyonwheel.blogspot.com/2011/01/smart-horizon-ulip-plan-launched-by-sbi.html">Smart Horizon Ulip Plan of SBI Life</a>. These are helpful in savings, retirement, investments and protections. You can get the biggest advantage with Life Shield Platinum and Aviva Dhan Varsha insurance products of Aviva Life Insurance. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-83336262405130076142011-01-22T19:46:00.000-08:002011-01-22T19:47:05.945-08:00Smart Horizon Ulip Plan Launched by SBI Life<div style="text-align: justify;">Recently, Private sector SBI Life launched a Unit Linked Insurance Product (Ulip) - Smart Horizon. The plan is launched to provide long-term capital appreciation.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of MN Rao, SBI Life managing director, “The unique Automatic Asset Allocation feature makes Smart Horizon ideal for many evolving Indian investors who do have the time to make fund allocation decisions on an on-going basis.”<br /><br />Further he said, “Automatic Asset Allocation (AAA), an algorithm-based active investment allocation mechanism. This IT-based system developed by testing over 5,000 potential scenarios in the Indian equity and bond markets, determines the optimal risk-return combination. The investment will be made in such a manner that initially there will be higher exposure to equities, followed by increasing exposure to debt and money markets as the plan nears maturity. Thus, AAA mechanism ensures better returns for investors, while protecting their capital.”<br /><br />According to SBI Life, there is a great chance of better returns for the investors, while protecting their capital.<br /><br />About the benefit of the plan, he added, “To avail the benefit of Automatic Asset Allocation facility, the customer can choose either Plan A or Plan B, depending on his risk appetite. Under Plan A, the equity exposure is higher as compared to Plan B. The product also provides the flexibility to allow the customer to actively manage his investment through a choice of four funds namely, Index, Equity, Balance and Bond Fund. This option is possible under Plan C.”<br /><br />People can choose the plan according to their benefit. There is Plan A, B and C. There is flexibility also in each plan to manage investment through a choice of four funds - Index, Equity, Balance and Bond.<br /><br />Smart Horizon Ulip Plan of SBI Life is compared with <a href="http://propertyonwheel.blogspot.com/2010/12/ing-life-india-launched-ing-market.html">ING Market Shield ULIP</a>. Both plans have greater offers for the investors. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-58752817922400225582010-12-26T06:00:00.000-08:002010-12-26T06:01:29.199-08:00Bharti AXA Life Insurance Introduces Aajeevan Anand Plan<div style="text-align: justify;">Recently, Private sector insurer – Bharti AXA Life Insurance launched Aajeevan Anand plan. It provides guaranteed regular payouts after every 5 years and life cover until the age of 100 years.<br /><br />So, Aajeevan Anand Plan covers complete insurance of 100 years with guaranteed return after every 5 years.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Bharti AXA Life Chief Marketing and Operations Officer (CMOO) - Mark Meehan, “Aajeevan Anand is a powerful financial solution that provides guaranteed regular payouts to meet various life stage needs until the age of 100.”<br /><br />Aajeevan Anand of Bharti AXA Life Insurance is being recognized as a powerful financial solution also.<br /><br />Further he said to the ET, “In addition to these lifelong paybacks, the product provides customers with life cover and hence is an ideal savings cum protection plan.”<br /><br />So, with Aajeevan Anand plan customers can get life cover with saving-cum protection. It is a very unique insurance plan for the customers.<br /><br />Mark Meehan adds, “This whole life plan is apt for salaried people since all premium payments are made in the first 10-15 years of the policy.”<br /><br />It is just like a whole life plan. You can get advantages with the plan like a salaried people. You can pay the premium of the policy in installments.<br /><br />In the analysis of Aajeevan Anand of Bharti AXA Life, the news portal writes, “The nominee of the policy holder would get sum assured in case of death during the policy period which is 100 years.”<br /><br />Aajeevan Anand of Bharti AXA Life gives a great advantage for nominee also. Nominee of the policy can get a great advantage with death cover during the policy period which is 100 years.<br /><br />Aajeevan Anand of Bharti AXA Life is one of the best insurance plans like <a href="http://propertyonwheel.blogspot.com/2010/12/ing-life-india-launched-ing-market.html">Market Shield plan of ING Life</a> and <a href="http://propertyonwheel.blogspot.com/2010/11/pramerica-dynamic-fund-launched-by.html">Pramerica MF</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com2tag:blogger.com,1999:blog-735305025525118920.post-278523586750358002010-12-22T18:03:00.000-08:002010-12-22T18:04:45.139-08:00ING Life India Launched ING Market Shield ULIP<div style="text-align: justify;">Recently, ING Life India launched a new unique Unit Linked Insurance Product - ING Market Shield. It provides the customer the opportunity to participate in the equity market while protecting investments from its downside.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, quoted a statement of Rahul Agarwal, Chief Distribution Officer, ING Life India, “The new ULIP, ING Market Shield comes with unique benefits, allowing customers to maximize their returns and have adequate protection.”<br /><br />Further Agarwal said, “ING Market Shield is a one of its kind unit linked insurance product. It is designed such that our customers can benefit from market's upswaing due to high equality participation, but secures their investment from losses, when the market is volatile. The plan provides the customer a Guaranteed NAV throughout the term of the product and not just at maturity unlike most available products.”<br /><br />In an analysis of ING Market Shield, the news portal says, “ING Market Shield also ensures highest equity exposure throughout the term of the policy, compared to other products, therefore its is expected to generate a higher return to customers.<br /><br />For a premium paying term of 5 years the minimum payable is Rs 48,000 and for a premium paying term of 10 years or the entire policy term the minimum premium payable is Rs 36,000. The plan offers premium payment in the annual mode, and customers can choose their desired life cover ranging between 10 to 20 times the annual premiums.”<br /><br />About the relation of stock market with ING Market Shield, the news portal writes, “This process ensure maximum exposure to the stock market, while minimizing the downside risk and assures the Guaranteed NAV at all times through the term of the policy including death, surrender, partial withdrawals as well as Maturity benefit.”<br /><br />Overall, ING Market Shield is a good new ULIP plan like <a href="http://propertyonwheel.blogspot.com/2010/11/classic-ulip-plan-launched-by-reliance.html">Classic ULIP Plan of Reliance Life</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-66451724455929668782010-11-26T23:05:00.000-08:002010-11-26T23:07:07.360-08:00Pramerica Dynamic Fund Launched by Pramerica Mutual Fund<div style="text-align: justify;">Recently, Pramerica MF introduced its open-ended dynamic asset - Pramerica Dynamic Fund. The Fund is launched using a proprietary tool - Pramerica Dynamic Asset Rebalancing Tool (Pramerica Dart).<br /><br />Pramerica Dynamic Fund scheme will invest in debt and equity instruments. The allocation to equity and debt of Pramerica Dynamic Fund will be determined by Pramerica Dart.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, writes about Pramerica Dynamic Fund of Pramerica MF, “The tool takes into account three key factors that influence the markets - fundamentals, volatility and liquidity and comes out with a score that tells how much of equity should be held in the portfolio. This can range from 100-30% in equity depending on market valuations. Fund managers will actively manage the portfolio within the limits prescribed by the model.”<br /><br />Further the news portal writes about the investment and aim of the Fund, “The fund aims to achieve long-term capital appreciation by investing in an actively-managed diversified portfolio comprising equity and debt instruments. <br /><br />The fund will invest 30-100% in equity and the fixed income exposure is capped at 70% of the assets. The fund benchmark comprises 50% of Nifty and 50% of Crisil MIP Index.”<br /><br />So, the Fund investment sectors are very clear with its percentage. The Fund has targeted revenue sectors very wisely. <br /><br />About the management of Pramerica Dynamic Fund, the news portal writes, “The fund will be managed by Ravi Gopalakrishnan and Mahendra Jajoo. There is no entry load. To curb traffic, there is an exit load of 1% if you decide to redeem before completing one year in the scheme after allotment of units. NFO closes on December 3, 2010 before it reopens on December 13, 2010.”<br /><br />Now, it is clear that there is no entry load in Pramerica Dynamic Fund of Pramerica Mutual Fund. It is one of the best MF investment plans after <a href="http://propertyonwheel.blogspot.com/2010/09/index-fund-launched-by-reliance-mutual.html">Index Fund of Reliance Mutual Fund</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-10364417486326278262010-11-14T07:37:00.000-08:002010-11-14T07:38:02.690-08:00Classic ULIP Plan Launched by Reliance Life<div style="text-align: justify;">Recently, Reliance Life Insurance launched a unit-linked insurance plan - Classic ULIP Plan. The policy provides policyholders the benefits of regular savings with enhanced protection and market-linked returns.<br /><br />Classic ULIP Plan would provide protection to policyholders in the age group of 7-65 years. An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of Reliance Life about Classic Ulip plan, “The unique proposition of Reliance Life Insurance Classic Plan is that it offers flexibility and triple benefit of savings, insurance and investment - all in one single plan.”<br /><br />The news portal quotes a statement of Malay Ghosh who is Executive Director and President in Reliance Life, “The new Ulip offers multiple benefits and protection - from helping policyholders plan their finances wisely at different stages of life, to providing risk cover on loss of life.”<br /><br />Further he added, “The flexibility offered to policyholders by the company allows liquidity through partial withdrawals after fifth policy anniversary, loan after the completion of second policy year and top-up option to increase regular savings.”<br /><br />In the analysis, the news portal writes, “Under the Regular Option, the customers would have to pay Rs 20,000 annually -- which can also be paid in monthly, quarterly and half yearly options.<br /><br />For the Single Premium option, customers will have to pay a minimum of Rs 50,000 only once at the inception during the 15-year policy tenure.”<br /><br />So, the Classic Ulip plan of Reliance Life gives a flexibility of payment. There is an option of single premium also in this plan. Reliance Life Classic ULIP Plan comes with triple benefit of savings, insurance and investment - all in one single plan.<br /><br />Classic Ulip plan of Reliance Life covers risk of life also and helping policyholders plan their finances wisely at different stages of life. It is another best investment plan after <a href="http://propertyonwheel.blogspot.com/2010/10/sip-investments-via-nse-mfss-platform.html">SIP Investments via NSE-MFSS Platform of UTI</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-1846967297056513232010-10-31T07:44:00.000-07:002010-10-31T07:47:39.308-07:00SIP Investments via NSE-MFSS Platform to be launched by UTI<div style="text-align: justify;">Recently, UTI Mutual Fund announced the launch of SIP investments (Systematic Investment Plans) through NSE's-the Mutual Fund Service System (MFSS) platform.<br /><br />An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of the company, “UTI Mutual Fund was the first fund house to partner with the National Stock Exchange (NSE) for selling mutual fund schemes through the NSE-MFSS platform in the month of November 2009.<br /><br />Keeping with that tradition of bringing the most convenient way of investment to our investors through cutting edge technology, we are the first fund house now to launch SIP investments (Systematic Investment Plans) through this NSE-MFSS platform.”<br /><br />So, UTI Mutual Fund is bringing the most convenient way of investment. It offers cutting edge technology through the investment. It is launched through the NSE-MFSS platform.<br /><br />Further the news portal writes about SIP Investments via NSE-MFSS Platform of UTI, “Terminals of NSE brokers will be the official point of acceptance and hence the date of acceptance of the transaction will be the date of entering the request on the terminal.<br /><br />Investors will also have the added advantage of obtaining the same day's NAV (before 3 p.m.) at a large number of outlets in more than 1500 towns and cities, including remote locations.<br /><br />The investors will also have an advantage of getting their units allotted in demat mode in addition to the existing physical mode as per their choice.”<br /><br />Finally, UTI Mutual Fund gives an advantage to the investors by introducing SIP Investments via NSE-MFSS Platform. It will allocate to the existing physical mode as per their choice. The investment plan is very appreciating and unique inspired by cutting edge technology in the recent time. The fund can be compared with <a href="http://propertyonwheel.blogspot.com/2010/09/index-fund-launched-by-reliance-mutual.html">Index Fund of Reliance Mutual Fund</a>. It fulfills all the needs of the new age. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-25331956943812104792010-10-13T19:30:00.000-07:002010-10-13T19:31:17.765-07:004 New Products Launched by DLF Pramerica Life<div style="text-align: justify;">Recently, DLF Pramerica Life, a private sector insurer launched 4 new insurance products including two traditional plan.<br /><br />DLF Pramerica Life Insurance said in a statement, “The traditional non-linked products namely DLF Pramerica Assure Money Plus and DLF Pramerica Tatkaal Suraksha Gold provides saving as well as protection.”<br /><br />DLF Pramerica Assure Money Plus and DLF Pramerica Tatkaal Suraksha Gold are non-linked products of DLF Pramerica Life.<br /><br />Further it said, “Assure Money Plus provides minimum guaranteed earnings on maturity along with the advantage of high life insurance cover.<br /><br />Besides, it also launched two unit linked products namely DLF Pramerica Wealth Plus Premier and DLF Pramerica Ezee Wealth Plus with simplified underwriting.<br /><br />DLF Pramerica Wealth Plus Premier is a good product for high net worth individuals seeking potentially high investment returns along with a well secured future for the family in case of any eventuality.” The statement was published in ET.<br /><br />Assure Money Plus offers guaranteed earnings on maturity. It gives an advantage of high life insurance cover also.<br /><br />On the other hand, DLF Pramerica Wealth Plus Premier and DLF Pramerica Ezee Wealth Plus are launched with the simplified underwriting. DLF Pramerica Wealth Plus Premier is considered as a very good product that offers high investment returns along with a well secured future for the family in case of any eventuality.<br /><br />An online news portal - economictimes.indiatimes.com, writes about new products of DLF Pramerica Life and DLF, “DLF Pramerica Life is a joint venture between real estate company DLF Ltd and the US-based Prudential International Insurance Holdings.<br /><br />The company became operational in September, 2008 and currently has 30 offices across Delhi NCR, Haryana, Punjab and Gujarat.”<br /><br />We all know that DLF Pramerica Life is a joint venture between real estate company - company DLF Ltd and the US-based Prudential International Insurance Holdings. Currently, it has more than 30 offices across well known cities in India.<br /><br />DLF Pramerica Life launches some good products after <a href="http://propertyonwheel.blogspot.com/2010/09/index-fund-launched-by-reliance-mutual.html">Index Fund of Reliance Mutual Fund</a>. </div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0tag:blogger.com,1999:blog-735305025525118920.post-14586448398393948672010-09-13T01:00:00.000-07:002010-09-13T01:01:18.964-07:00Index Fund Launched by Reliance Mutual Fund<div style="text-align: justify;">Recently, Reliance Mutual Fund which is a leading asset management firm launched an open-ended index fund. It will invest in companies whose securities are covered in the Nifty and the Sensex.<br /><br />Reliance Mutual Fund said in a statement about Index Fund, “The scheme proposes to invest 95-100 per cent in equities and equity-related securities covered by the Nifty and the Sensex.” It was published in the ET.<br /><br />The scheme gives a chance to invest almost 100% in equities and equity-related securities. It is covered by the Nifty and the Sensex.<br /><br />About the Index Fund of Reliance Mutual Fund, economictimes.indiatimes.com writes, “Available in both growth and dividend option, the minimum investment amount is Rs 5,000. Adding, entry load is nil for the scheme, whereas the exit load is 1 per cent for holding period of up to 12 months and Nil thereafter.” It is the quotation of a statement. So, the scheme is available in both growth and dividend option.<br /><br />Sundeep Sikka who is the Reliance Capital Asset Management CEO said about Reliance Index Fund, “Reliance Index Fund provides investors an opportunity to participate in India's growth story by investing in well-diversified portfolio of fundamentally strong, highly liquid and well-known companies.”<br /><br />So, it gives investors a chance to participate in India’s growth story by investing in well-diversified portfolio.<br /><br />Further he adds, “We have decided not to charge any asset management fees for this fund in our effort towards financial inclusion and to make this product more attractive for our investors - especially in smaller cities or first time investors who have not participated in the success of capital markets in India.”<br /><br />Index Fund of Reliance Mutual Fund closes on 23rd September, 2010. It is a very attractive product for the investors in Reliance Mutual Fund. Investors will get a chance to participate in the success of capital markets in India.</div>Rajhttp://www.blogger.com/profile/14820708698063711709noreply@blogger.com0