MF Investment Help

Fund houses to scrap insurance cum MF products

Posted by : kentmss

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Dear Sharmaji,
Thanks for throwing light on the subject. If, as you said, all Mutual Fund companies start offering Insurance covers, it will be great for Investors. I hope it happens soon.
Regards,
Srikanth shankar Matrubai
...

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Fund houses to scrap insurance cum MF products

Posted by : pcspune

Dear Shrikant,

IRDA has no authority to BAN or ALLOW Mutual Fund Houses to offer Free Life Insurance Covers to MF Investors because Group Insurance is offered by IRDA Approved Insurance Companies ( which happens to be SISTER CONCERNS of MF HOUSES).

The Decision to Discontinue the FREE Life Insurance cover was taken by Life Insurance COUNCIL which is a sort of UNION / ASSOCIATION of ALL INSURANCE Companies.

I Expect that in future other MF Companies like HDFC,SBI,HSBC, ICICI,
Canbank, Bharti AXA, TATA, SAHARA etc. may also offer FREE Life Insurance Covers to MF SIP Investors.

This will be EXCELLENT for Future for GROWTH of Mutual Funds.


P.C.Sharma

Multiple SIP Help

Posted by : Guest

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Hi Ravinder,

The method you are asking is possible. I understand that you want to make multiple purchases (SIP across three dates of same month & same Fund).
Option 1: You can registered for multiple SIP based on the Dates, just filling out forms with reference to your existing folio number

Option 2: If not allowed with option 1 go for multipl folio numbers and you can later combine the folio..

Hope this helps..

Thanks..
Ramanatan S. Laksman...

In reply to:

Multiple SIP Help

Posted by : Guest

Hi All,

Please find the details as follows:

Age -- 24 years
No dependetns.
I new into investment world :)

PORTFOLIO:

1) DSPML TOP 100 Equity: One SIP Rs 1000 Monthly (First week of month).
Have executed three SIP till now.

2) Kotak Opportunities: One SIP Rs 1000 Monthly (First week of every month).
Have executed three SIP till now.

3) Pricipal personal tax saver: One SIP Rs 2000 monthly (First week of every month.)
Have executed three SIP till now.

4) Sundaram TAX Saver: One SIP Rs 1000 monthly (Last week of each month)
First SIP will be paid this month (October, 2008)

Now, my queries are:-

I want to have multiple SIPs (4 per month of Rs 500 each) in Principal persinal tax saver to average out the unit cost. I am investing through Kotak Securties so i have requeted them many times to arrange for such plan and they in turn reply me that it is not possible. They further suggest that i can go for PPT- Growth & PPT- Dividend with one SIP of Rs 1000 in each.

Please advise me how to go ahead with this.

Also I would like to know any recommendations/modifications for my above investment plan.

Thank you all for your valuable time

Regards,
Ravinder

Multiple SIP Help

Posted by : Guest

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Hi All,

Please find the details as follows:

Age -- 24 years
No dependetns.
I new into investment world :)

PORTFOLIO:

1) DSPML TOP 100 Equity: One SIP Rs 1000 Monthly (First week of month).
Have executed three SIP till now.

2) Kotak Opportunities: One SIP Rs 1000 Monthly (First week of every month).
Have executed three SIP till now.

3) Pricipal personal tax saver: One SIP Rs 2000 monthly (First week of every month.)
Have executed three SIP till now.

4) Sundaram TAX Saver: One SIP Rs 1000 monthly (Last week of each month)
First SIP will be paid this month (October, 2008)

Now, my queries are:-

I want to have multiple SIPs (4 per month of Rs 500 each) in Principal persinal tax saver to average out the unit cost. I am investing through Kotak Securties so i have requeted them many times to arrange for such plan and they in turn reply me that it is not possible. They further suggest that i can go for PPT- Growth & PPT- Dividend with one SIP of Rs 1000 in each.

Please advise me how to go ahead with this.

Also I would like to know any recommendations/modifications for my above investment plan.

Thank you all for your valuable time

Regards,
Ravinder...

Learn to invest in equities without an iota of risk

Posted by : KPFR

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How you assess investments made with AIG Global?Is it worth holding?...

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Learn to invest in equities without an iota of risk

Posted by : MMB Messenger

One can invest in equities with the guarantee of not losing capital. In other words, "having your cake and eating it too." Sandeep Shanbhag tells you how.

Fund houses to scrap insurance cum MF products

Posted by : pcspune

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Dear Shrikant,

IRDA has no authority to BAN or ALLOW Mutual Fund Houses to offer Free Life Insurance Covers to MF Investors because Group Insurance is offered by IRDA Approved Insurance Companies ( which happens to be SISTER CONCERNS of MF HOUSES).

The Decision to Discontinue the FREE Life Insurance cover was taken by Life Insurance COUNCIL which is a sort of UNION / ASSOCIATION of ALL INSURANCE Companies.

I Expect that in future other MF Companies like HDFC,SBI,HSBC, ICICI,
Canbank, Bharti AXA, TATA, SAHARA etc. may also offer FREE Life Insurance Covers to MF SIP Investors.

This will be EXCELLENT for Future for GROWTH of Mutual Funds.


P.C.Sharma









...

In reply to:

Fund houses to scrap insurance cum MF products

Posted by : kentmss

Dear Raj,
If they ban ULIPs, they will be losing more than 90% of their Income, that is the reason they are after the Mutual funds.
But, thankfully, IRDA has allowed the Mutual Funds to continue offering Insurance.
regards,
Srikanth Shankar Matrubai.

redeem dsp ml even at loss?

Posted by : kentmss

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Dear Sen,
Being a Senior Citizen, you should have to invest in Good Large Cap Funds and not Sector/Theme Funds and not even Opportunity Funds, as these funds take lot of time in giving you returns.
But, first of all, let me assure you that DSP ML is now DSP Black Rock, as Meriyll Lynch People had already their Asset Managemnt Company Worldwide long back. DSP had not yet changed the name of the company, which they have now done. Also, in India, all Mutual Funds are run by Trust where even a change in Company which forms the Trust to run the Mutual funds has NO say in the Day to Day Affairs of the AMC.
Coming to your investment, your investments seem to have been done in the Peak of the bull market and hence, seeing such a HUGE erosion. The Best option for you is to "JUST STAY INVESTED" and hold on for now.
The funds are good except for DSP Tiger which is a Infrastructure Fund and does not look promising even on a three year horizon. You can switch the same to DSPML Equity fund and stay invested for some time till the markets stabilise and then take a call accordingly.
Best of luck,
Srikanth Shankar Matrubai.
...

In reply to:

redeem dsp ml even at loss?

Posted by : Guest

i understand that because of amalgamation of dsp ml with a singapore company called hardrock, investors have been asked to redeem if they wish at current nav

i have an investment of rs 15000 in dsp top 100, 30,000 in tiger and 20,000 in opportunity eq. these are doing so badly even my principal has been heavily eroded.

i shall be very grateful if somebody will please advise.should i redeem even at a loss of 23,000 rs.or should i let it be for a few months. here let me mention i am a senior citizen

thanks a lot
sen

Insurance on MF products to continue for now: Sebi

Posted by : kentmss

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This was expected. IRDA is wise. They know that if the Mutual Funds are forced to abandon their Free Life Insurance Cover Combo, then the pressure will start building on the Insurance Companies to either Stop ULIPs completely or Bring down the commission Charges from the Sky High 35% (average) to the paltry 2.25% Commission being charged right now by Mutual Funds.
Regards,
Srikanth Shankar Matrubai.
...

In reply to:

Insurance on MF products to continue for now: Sebi

Posted by : MMB Messenger

The Securities and Exchange Board of India, or Sebi, said insurance cover for mutual fund products will continue with insurance regulator, IRDA putting on hold its decision to discontinue group cover on mutual fund products, reports CNBC-TV18.

Fund houses to scrap insurance cum MF products

Posted by : kentmss

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Dear Raj,
If they ban ULIPs, they will be losing more than 90% of their Income, that is the reason they are after the Mutual funds.
But, thankfully, IRDA has allowed the Mutual Funds to continue offering Insurance.
regards,
Srikanth Shankar Matrubai.
...

In reply to:

Fund houses to scrap insurance cum MF products

Posted by : vvrk

The following is the statement by S.B.Mathur, Secretary General of Life Insurance Council.

Quote
It was mutually decided by all the life insurers that insurance will no longer be bundled with any investment or savings product since, in the long term it flouts guidelines prescribed by IRDA.
Unquote

So are they also planning to ban ULIPs since they are also investments + insurance bundled together??

Asset Allocation by Profit Booking in MF

Posted by : pcspune

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I recived a small Publication from SBI MUTUAL Funds last month.It is an EYE OPENER for Investors.

It contains SIP & SWP Returns of SBI CONTRA & other 2 Funds during 3 years.

If somebody Invested Rs.20 Lacs in SBI CONTRA Fund on 1st July,2005(3 years Ago), & Opted for SWP of Rs.25000 Per month(Recieved 9 Lacs in 3 Years),the Fund Value was over Rs. 31 Lacs on
1st July 2008(after 3 Years). It means his returns are 9 lacs + 11 Lacs = 20 Lacs.

Detail study shows that 20,00,000-25000
per month grew to 36 LACS in May,2006 &
then Declined to 29 LACS in June 2008.

FV again GREW to 37 Lacs in Feb.2007 & then Declined to 32 Lacs in April,2007.

This amount Again GREW to 55 Lacs in Jan.2008 & then Declined to 31 Lacs in July 2008.

Thus GAINS of 36 Lacs were WIPED off during 3 Market CRASHES.

If somebody had Implemented the Asset Allocation theory ( Rebalancing after Every 10% Growth in Equities), his Returns Could have been over 200% instead of just 100%.

Although TIMING the Market is IMOSSIBLE
but Profit Booking is NOT CRIME.
PROFIT BOOKING is Absolutely necessary in Long Term Investments also.

Some Fund HOUSES ( Reliance,JM, UTI, Kotak etc.)offer TRIGGER Facility
( Automatic Profit Booking when NAV Appreciates by certain Pre-Determined percentage ).Another Simple Method is Dividend Payout.

Intelligent Investors should learn from Mistakes & IMPROVE the Investment
SKILLS regularly instead of following the AGE OLD Theories ( mostly BORROWED from WEST) of so called Finsancial Advisors.

P.C.Sharma




























...

best fund to invest

Posted by : pcspune

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Dear boysi,

This is most Appropriate Time for Investment in Equity Funds if your Time Horizon is 2-3 YEARS or MORE.

You may Consider Investment in any one or more Funds by SIP / STP as mentioned below:

DSPML Top 100 Equity Fund
HDFC Growth /Top 100 Fund
Franklin PRIMA PLUS
IDFC Imperial Equity Fund

If your are afraid of short Term Volatality, DSPML Balance Fund / UTI MAHILA UNIT Scheme is GOOD Options.

No need to Invest in DEBT Funds.

P.C.Sharma


...

In reply to:

best fund to invest

Posted by : boysi

I am planning to invest about Rs.25000 over next 5 month i.e. 5000 per month. I am confused whether I should invest in FMP or debt fund. I can stay invested for period of over 2 to 3 yrs. Please suggest me some good scheme where I can invest my money. How much return can I expect in this fund.

long term investment

Posted by : dr sundeep

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I want to invest in mutual fund Rs 500 per month SIP for 25 years which FUND I can bet for....

best fund to invest

Posted by : boysi

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I will be please if Mr. pcspune reply to me query. I have great respect for you. I have learned lot of things from your messages. Thanks in advance...

In reply to:

best fund to invest

Posted by : boysi

I am planning to invest about Rs.25000 over next 5 month i.e. 5000 per month. I am confused whether I should invest in FMP or debt fund. I can stay invested for period of over 2 to 3 yrs. Please suggest me some good scheme where I can invest my money. How much return can I expect in this fund.

best fund to invest

Posted by : boysi

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I am planning to invest about Rs.25000 over next 5 month i.e. 5000 per month. I am confused whether I should invest in FMP or debt fund. I can stay invested for period of over 2 to 3 yrs. Please suggest me some good scheme where I can invest my money. How much return can I expect in this fund. ...

Top 5 MFs to invest in Current Market

Posted by : ashalanshu

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Dear nandarohit, investment should be goal/aim specific not for the market level. 2days Toppers may bite dust very next day. So u should invest first for ur goals & invest in funds which r regular in their performance & r part of Top quartile (Top 25% funds).

the list of such Top performing fund is already posted by fellow boarders. Plz check the same that it matches to ur risk appetite & goals & invest as per ur comfort level.

Plz. don`t invest in a lump sum, if u do have a lump sum amount plz. invest it first in Liq. + fund & then use weekly STP route to invest in ur target Eq. funds.

Thanks

Ashal ...

In reply to:

Top 5 MFs to invest in Current Market

Posted by : nandarohit

Hi PCS Pune ji/ Other investment Gurus,

could you please help me in selecting Top 5 MFs to invest in Current Market?

Thanks in Advance.

Regards
Rohit Nanda

mutual funds investment

Posted by : ashalanshu

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Dear ankzvohra782, If u can manage plz. opt for multiple sip on different dates in a single fund. U may use weekly STP from Liq. + fund route for better cost averaging & control on ur investment.

continuing ur minimum sip in Vision & Bluechip `ll be a personal choice.

HDFC Top 200 is indeed a better choice among the funds discussed.

Thanks

Ashal...

In reply to:

mutual funds investment

Posted by : ankzvohra782

Hi Arshal,
Thankyou for ur reply,yeha sip on multiple dates sounds good in theis volatile market but the problem is tht i have already got registered so what i thought is to stagger these funds in buy sips such a way tht no two funds are bought on the same day..that way the distribtion ill be some what similar.(and the sip date sof all fund houses almost coincide)
Birla frontline loks good to me but i think i will go with HDFC top 200 coz i have been impressed by the peformance of Mr Prashant Jain since quite some time. Actually first choice was HDFCequity but the huge fund size bothers me.
I am very much tempted to continue a min sip in Reliance Vision and Franklin Bluechip so as to reduce my average, say 1k per scheme for 1 year. What do u think abt this averaging thing.....go ahead or better keep off..
regards
ankit