Personal Finance

Investment costs

Posted by : winwath

Suggest you take a look at Reliance`s major medical plan - Cost about 6K for my wifey and two kids - covers only hospitalization.

We write a check to the doctor or casual visits. A portion of this is deducted from our taxable income

Do I need to switch

Posted by : Guest

I have SBI Unbrella Contra, DSPML Tiger, Fidelity Equity, ICICI Pru Infrastructure and all are Growth funds. I am holding for last 3 years and invested via SIPS. Now all gains are nearly wiped out. Should I continue or switch ? I find the

Investment costs

Posted by : radhika_nandlal

pcspune,

My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are

Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L

Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.

Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.

Investment costs

Posted by : radhika_nandlal

pcspune,

My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are

Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L

Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.

Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.

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

Investment in Mutual Funds & NFOs

Posted by : SATIJA

Sir / Madam,

Is this the right time to investment through SIP in equity related / global market / commodity mutual funds keeping in mind the three years horizon. Kindly advise. P. Satija

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

Investment costs

Posted by : radhika_nandlal

pcspune,

My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are

Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L

Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.

Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.

Investment costs

Posted by : radhika_nandlal

pcspune,

My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are

Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L

Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.

Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.

Investment costs

Posted by : radhika_nandlal

pcspune,

My hubby i feel bought a dumb insurance policy going by the name Jeevan Dhara... when i looked into its scheme i got the shock of my life.. no lump sum payment to my kids on my death and no lump sum payment to me when i am alive. Whats the use of such a policy and i dont understand how my hubby so shortsighted to buy this.. The details of the policy are

Jeevan Dhara plan
Term 15 years
notional cash option Rs 20 lakhs
Amount of annual annuity 2L

Is this a pension plan as i dont see anywhere mention of a bulk amount payable to me I am really not keen on pension plans as i would like to have bulk money.

Would you kindly recommedna health insurance for me, i dont have one as of now and i am 46 years old in good health wiht no BP or sugar or any chronic problems.

Investment costs

Posted by : pcspune

Dear drpbala,

Investment decisions should be taken on the Basis of likely Returns not on COST Basis.

If you are EXTRAORDINARY Intelligent & have sufficient Time & GREAT Patience, Investment in SHARES of Carefully Chosen 8-10 Companies are likely to Give Excellent Returns in 5 years provided you monitor Regularly & Book Profits whenever Target Price is Achieved.

Exchange traded Equity Funds may Cost minimum but unlikely to Give GOOD Returns.

Investment in Largecap Oriented and Multicap Diversified Equity Funds ( Carefully Chosen) are likely to give GOOD Returns.

P.C.Sharma

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.