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Pramerica Dynamic Fund Launched by Pramerica Mutual Fund

Friday, November 26, 2010

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).

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.

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.”

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.

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.”

So, the Fund investment sectors are very clear with its percentage. The Fund has targeted revenue sectors very wisely.

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.”

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 Index Fund of Reliance Mutual Fund.
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Classic ULIP Plan Launched by Reliance Life

Sunday, November 14, 2010

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.

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.”

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.”

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.”

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.

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.”

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.

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 SIP Investments via NSE-MFSS Platform of UTI.
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