Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
You are here : Moneycontrol  MMB Personal Finance |
| The latest messages in different topics under Personal Finance are displayed on this page |
Personal Finance
Tracked by: 0 Boarder
These mutual funds have been good performers in recent quarters. Keep an eye on them in these uncertain times.
Reliance Mutual Fund: Mammoth Player
Reliance Mutual has a history of letting its funds get bloated in terms of its assets under management, or AUM. And the firm’s culture places a premium on running a big fund.
Ever since it started in 1995, it has rapidly increased its AUM. From being India’s largest private sector mutual fund in 2006, it became the largest mutual fund by 2007. Reliance Equity Advantage fund created history by mopping up Rs2,700 crore in its new fund offer, or NFO, in 2007. This year, Reliance Natural Resources Retail mopped up Rs5,660 crore. Reliance has managed to garner a huge amount of assets because it actively pursues NFOs. It started with the launch of two equity funds, Reliance Vision and Reliance Growth, whose performance in 2002 and 2003 made it a hit with investors.
The asset management company (AMC) has many firsts to its credit among sector funds: banking, media and entertainment, and power. This year, it came out with a Natural Resource Fund. On the debt side, the fund house has good, low expense ratio funds such as Reliance Short Term and Reliance Liquid Treasury.
Though the fund house barely has a presence in the hybrid category, it does have a huge choice in the types of funds, with some good performers.
HDFC Mutual Fund: Star Performer
One of the industry’s sturdiest shops, its performance has been strong over time. Lately, however, it has gravitated towards the back of the pack.
HDFC Mutual’s temperate ways have served it well over the years. It has been a consistent performer, providing a cushion as racier options fell. But investors are disappointed with its performance in the second half of the bull run. Certainly the risk-adjusted returns were not impressive, but it is no cause for alarm. These funds lag the pack when the market’s raciest names lead the charge.
In Prashant Jain, investors have a fund manager who has proved his mettle over various market cycles. In 2003, HDFC Mutual Fund bought out Zurich Mutual Fund to become the second largest fund house in India, inheriting a great equity portfolio, an aspect missing earlier (prior to this, HDFC Mutual Fund was focused on debt offerings.)
The funds’ performances have an enviable track record. The company currently has nine funds with a four-five-star rating. But there seem to be no star fund managers other than Jain. Recently, the fund house has also been losing talent. It seems to have gone on an asset-building spree—surprising, since it always steered clear of the NFO mania. In 2007, it launched a number of funds, including two close-ended equity funds, a mid-cap offering and an infrastructure fund.
ICICI Prudential Mutual fund:Impressive Growth
It’s like having two AMCs under one roof: a large, well-run fixed income one and an average equity one.
This fund house has been quite aggressive in its product launches. In the equity segment, it came out with three schemes this year. It offers a lot of variety to investors.
Unfortunately, its performance in equity does not match up to its debt funds.
From its inception a decade ago, it created history in the fund management industry, reaching the No. 2 position in just five years. But ICICI Prudential is more dependent on institutional investors and debt assets. Out of its asset base of Rs49,371.12 crore, around 28% comes from cash funds and almost 20% from fixed maturity plans, or FMPs. The company is credited with running the largest ultra short-term fund and floating rate short-term fund.
ICICI Mutual Fund was promoted by ICICI and later, US-based investment bank JPMorgan acquired a stake. In 1997, the latter was replaced by Prudential Plc., a British insurance and pension major, with a name change to Prudential ICICI (a joint holding in 55:45 ratio).
UTI Mutual Fund:Needs a performance boost
Only a few of UTI’s funds are great performers but this public sector fund house has advantages its rivals lack. It has a huge base of retail equity investors and a vast distribution network largely inherited from the Unit Trust of India.
In the last few years, UTI slipped from being the largest AMC to being No. 4. However, its asset growth has been robust, if slow. It still has the largest investor base and biggest equity assets besides being, by far, the country’s most profitable fund company. Its conservative approach and stable parentage make it attractive.
Its problem is dragging performance. Recently, it has made an effort to improve, merging several equity schemes and overhauling its approach to equity investment. However, falling stock markets have made it impossible to judge its success. UTI’s top performers are a few index funds, some hybrid funds and its infrastructure funds. Some income funds also stack up well.
...
Tracked by: 0 Boarder
thanx,ashalanshu fr the prompt reply...
In reply to:
life insurance
Posted by :
ashalanshu
Dear Rashmi26, the policy advised by dear ranjan is not a mediclaim policy. Its a Pure Term cover plan under which the family of life insured `ll get 20L Rs. as Sum assured in case the insured person is no more (in other words the claim is there on the policy after the death of Insured).
To have this cover live, every year the insured person `ll has to pay the prem. of 3236 Rs. & if after 20 years, the Insured person is alive, there `ll not be any money back or return from Ins. co.
For ur specific requirement of a family mediclaim policy, u may opt family floater policy offered by different Gen. Ins. cos.
Thanks
Ashal 
Tracked by: 0 Boarder
Of course. That is why every assessee is given a basic exemption limit of Rs. 1,50,000, every lady (resident) Rs. 1,85,000 and every resident senior citizen Rs. 2,25,000.
Do you want more than this! Well, write your suggestions to the Finance Minister! He may give you a parting gift....
In reply to:
Tax calculation
Posted by : Guest
Thanks. However, since I have invested Rs 100000, I feel some portion should be deducted from the earnings. Please comment.
Tracked by: 0 Boarder
Respected broaders, an agent give calculation:annual income 12lacs,Insurance required*20 times of that=2.4cr, at present i had coverage of 25 lacs only, so need more appx 2.15 cr insurance. he suggested me METSMART PLUS,premium 3lacs annualy, sum assured 80 lacs.He says this is cheaper insurance than TERM PLAN, What ur opemion regarding this?
If at all ineed more than 2 cr insurance kindly suggest me the plans and compny to get it.
I strongly believes that INSURANCE AND investments should not be combined. they both are diffrent thing.
My age is 34 yr, wife proffessional, 1 kid 3 months, both of us earning 12 lacs each p.a.
Liabilities:home loan 9.5 lacs
kindly guide
DR CHANDRAKANT...
Tracked by: 0 Boarder
Hi All, I need help. I need to know how to invest in MF through SIP from USA? I have Suvitha account in Citi Bank in India. Will it be possible to buy through the account? How will i be able to submit the Pan Card details? Or do i need to get the NRE account? Please suggest in detail about this. Iam new to this and need help. Is this the right time to start MF(SIP)?Any particular fund?Please kindly suggest.Thank you so much....
Tracked by: 0 Boarder
Dear Rashmi26, the policy advised by dear ranjan is not a mediclaim policy. Its a Pure Term cover plan under which the family of life insured `ll get 20L Rs. as Sum assured in case the insured person is no more (in other words the claim is there on the policy after the death of Insured).
To have this cover live, every year the insured person `ll has to pay the prem. of 3236 Rs. & if after 20 years, the Insured person is alive, there `ll not be any money back or return from Ins. co.
For ur specific requirement of a family mediclaim policy, u may opt family floater policy offered by different Gen. Ins. cos.
Thanks
Ashal ...
In reply to:
life insurance
Posted by :
rashmi26
dear ranjan, hi
i am a 40 yr old homemaker and hav 3 kids,aged16,10 and8.my husband is 42.is there any mediclaim policy,which i can opt fr as a family pack.also, the religare policy,u were referring to,means depositing rs3236into20.that means rs64720.aftr 20 yrs will i get rs 20 lakhs.is this policy good or are any bettr than this.
regds rashmi
Tracked by: 0 Boarder
our banks must be wary of flat purchases now at unrealistic prices to ensure that the purchasers are genuine buyers with the means to repay the loan and are not benamis/proxies of the builders. ...
In reply to:
Fake buying by builders to jack prices n loans
Posted by : Guest
guest, and others to this thread,
I bought property at THANE Mh around 127 sq feet.
now its 3127 sq feet. Still land rates are more or less
gone up by 100 % only.
Why then 3100 + sq feet rates??
Thane shall have 1200 RS square feet rates only.
Developers think that they can make them crorepati on every project,
bank shall not extend any loans to builders. Let them come down to the earth, else rn will do it. he will go to sky if buiders do not come to him.
Tracked by: 0 Boarder
Dear vmd74, the IDFC Prem. Eq. fund is one of the best fund in midcap oriented fund category. So continue ur SIP.
Thanks
Ashal...
In reply to:
Should SIP in IDFC premier equity be stopped now
Posted by :
vmd74
Dear friends I am investing in IDFC premier equity (G) through SIP since last 10 months Should I continue the SIP or switch to some other fund
Tracked by: 0 Boarder
Dear roshninaath, From ur list,
1. HDFC equity - Stop SIP & divert new SIPs to HDFC Top 200 (A large cap fund)
2. Birla sunlife equity - Stop SIP& divert new SIPs to Birla SL Fr`line Eq. (A large cap fund)
3. Reliance growth - continue
4. Reliance diversified Power sector - sectoral fund, Stop SIP & divert to one of the above mentioned large cap funds
5. DWS investment Opportunities - continue (multicap fund)
6. Sundaram Select Focus - continue (Large cap fund)
7. ICICI Pru power - continue
8. Reliance Vision - Stop, Divert new sip to one of large cap funds
9. Franklin Flexicap - Stop (a multicap fund not performing well) & divert the SIP to Large cap funds.
Thanks
Ashal...
In reply to:
Need help to continue SIP
Posted by : roshninaath
Hi All i have the following funds
1. HDFC equity
2. Birla sunlife equity
3. Reliance growth
4. Reliance diversified Power sector
5. DWS investment Opportunities
6. Sundaram Select Focus
7. ICICI Pru power
8. Reliance Vision
9. Fanklin Flexicap
I want you to suggest from the above which one i can continue SIP and which one i stay away.
I am not interested in switching over as the market condition is not good.
Pls advise me
Roshni
Tracked by: 0 Boarder
Dear Mahesh, the answer is quite simple. First decide how much ins. u need? As u r married already & in near future there `ll be responsebilities of child/children (ur choice) as well as financial liabilities in terms of Home Loan, Car Loan etc. As per ur income level, the value of these liab. may be any where from 25L to 1C or even more.
To get such high cover, prem. in return oriented policies `ll be very high.
The solution is - opt Term cover as per ur requirement & invest ur money in a mix of debt (PF, PPF, Bank FDs etc)& Equity MFs. While investing in Eq. MFs, plz. invest thru SIP or STP route.
The final result `ll be very much favorable for u.
Thanks
Ashal...
In reply to:
Suggestion Required On Insurance
Posted by : Guest
I am currently planning to take Insurance, I am confused on what policy should I take, should I take the whole life insurance or a retirement plan coupled with insurance, usually everyone says keep the insurance seperate from investments, in other way, I can the whole life policy and the retirement plan with no death benefit as a investment. My age is 27 and I am married. Please could you guide which is better than the two. Thanks Mahesh
Tracked by: 0 Boarder
dear ranjan, hi
i am a 40 yr old homemaker and hav 3 kids,aged16,10 and8.my husband is 42.is there any mediclaim policy,which i can opt fr as a family pack.also, the religare policy,u were referring to,means depositing rs3236into20.that means rs64720.aftr 20 yrs will i get rs 20 lakhs.is this policy good or are any bettr than this.
regds rashmi...
In reply to:
life insurance
Posted by : RANJAN
Aegon religare term policy for 30 yrs for Rs 20 lakhs is Rs 3236 per year.
Tracked by: 0 Boarder
Dear V.B.reddy, I`m sorry to say, but the truth is, U have selected a wrong policy.
For ur Info - In the first year, not a single penny of ur prem. `l be invested anywhere. So ur total money is gone. Against this situation, the Co. guarantees to return the 110% of first year of ur prem. i.e. 19800 (110% of 18000, ur first year prem.) Rs. at the end of the term of ur policy (10 years in ur case) with a condition that u `ll not bounce any prem. during the policy term & `ll not use the partial withdraw facility.
Now comes the real shocker, if u decide to stop this policy right now, u`ll not get any amount back as surender money bcoz. as per the regulations, it is mandatory to pay minimum 3 annual prem. & completion of 3 policy years.
Even if u decide to continue this plan, the chances of any meaningful returns on ur investment r very low. (from ur query it seems u opted this policy for investment purpose & not for Ins. purpose). It `ll be better on ur part to stop this policy right now. Take a Term plan as per ur need & invest ur remaining prem. amount in diversified Large cap MFs to earn some decent returns over these remaining 9 years, as 1 year is about to complete.
Thanks
Ashal ...
In reply to:
Return
Posted by : Guest
I have taken Smart Advantage from Kotak Mahindra. I am paying Rs.1500 per month from Feb.2008. This policy term is 10 years. Is it worth continuing or can I stop now?
V B Reddy
Tracked by: 0 Boarder
Aegon religare term policy for 30 yrs for Rs 20 lakhs is Rs 3236 per year....
In reply to:
life insurance
Posted by : Guest
my age is 20year i want to take life insu policy for me for the purpose life safety
which type of insu and by which company will give me maximum benefit at reasonable cost
Tracked by: 0 Boarder
Dear friend, for ur age, u may opt from following.
Pure protect classic term plan of IciciPru for SA upto 24.99L or Pure Protect Elite for SA above 25L.
Term Plans from Aegonreligare.
Chek respective websites for ur actual prem.
Thanks
Ashal ...
In reply to:
life insurance
Posted by : Guest
my age is 20year i want to take life insu policy for me for the purpose life safety
which type of insu and by which company will give me maximum benefit at reasonable cost
Tracked by: 0 Boarder
Dear friend, For ur age, as on date the cheapest Term cover is offered by IciciPRU & aegonreligare. In case of Ipru, the product is named as Pure Protect Classic for SA upto 24.99L & Pure Protect Elite for SA 25L & above. As ur age `ll be 24 within next 3 months it make sense to go for highest possible Term or upto age 60 term.
U can chek the prem. for ur age from websites of respective cos.
Thanks
Ashal ...
In reply to:
pure term plan
Posted by : Guest
my DOB-04/02/1985 & i want pure term plan which is cheaper in the insurance industry. i want the cover of 20 lacs.
More from Personal Finance
Poll
Udayan's Market Outlook
 |
Overall mkt structure getting weaker | |
| ||
| Udayan Mukherjee, Stocks Editor, TV18 | ||
 |