Money Today Archive July 2011 Issue

Edition: July 2011

Cover Story

Under The Ulip Shade

New Ulip rules to help investors

Ulips, which not long ago were the darling of insurance brokers, have fallen out of favour among intermediaries after the new norms for the product came into effect from September 1, 2010.
  • Choose the best Ulip to invest in Revamped Ulips could well be the right investment tool for you. Here are some tips for taking wise purchase decisions.
  • Ranking: Best Ulips in the market A good Ulip is the one, which costs less, gives good returns, provides adequate life cover and has proper disclosure with respect to costs, returns, etc. along with good servicing.
  • 'Customer pull will boost Ulip sales' T.R. Ramachandran, CEO and MD, Aviva India, tells Chandralekha Mukerji that there is enough scope for product innovation under the new Ulip norms.
  • What is better? MF+Term Plan Or Ulip The combination of mutual fund/s and a term plan leaves you with a corpus higher than that of the Ulip by around Rs 1 lakh.
  • Going Against Tradition Low returns, lack of transparency and flexibility make traditional endowment policies less attractive for investors.
  • Buyer, Seller Pay Heed The real difference post change in Ulip regulation will emerge not in terms of returns due to product features, but due to selling right and buying right after understanding the ulip.
  • 6 reasons to review insurance portfolio Most of us review our investments periodically. A similar exercise is needed for your insurance covers as well. Here we list six common situations which should trigger a review of your insurance portfolio. If any of these emerge in your life, it's time to call up your insurance agent for a status check.
Tax
Pritam P. Hans
Tax Saving In A Gift Pack
Optimise your investments and save on taxes by routing them through parents and children.
Insurance
Chandralekha Mukerji
Driving Down Your Auto Premium
A recent Irda ruling has raised the cost of insuring your vehicle. We look at how you can cut your premium costs with the same cover.
Investment
Chandralekha Mukerji
Cashing in on a Rare Fortune
You might have invested in the forex market, but have you ever consider including rare coins and paper currencies in your portfolio.
Real Estate
Pritam P Hans
Make Room for Higher Rentals
Improve your old building's facade, upgrade existing features and add modern facilities to unlock the income potential of the properties.
Insight
Best fund profile: ICICI Prudential
ICICI Prudential Focused Bluechip Equity Retail has outperformed its benchmark index and category since inception.
  • Top Ranked Mutual Funds As equity markets have remained volatile since the beginning of 2011, large-cap equity funds proved to be the safest bet for investors with average 1-year return of 8.65%.
  • Tata Coffee among market toppers Tata Coffee is among the top gainers in the last one year with return of 118%.
  • Best banks to take loan from Are you scouting for a loan to buy a house, a car or for your child's education? Given below are the best deals on offer from public and private sector lenders.
Editors Note
It is almost a year since the Insurance Regulatory and Development Authority (IRDA) issued its new guidelines on unit-linked insurance plans (Ulips) on June 28, 2010, forcing an overhaul of the product offerings. Critics have been silenced with the new norms resulting in moderation of commissions and charges, thereby leaving more to be invested.
Savings
Pritam P. Hans
Liquid Piggy
Parking your money in savings account is not the wisest thing to do. There are several alternatives that pack better returns with safety and liquidity.
Commodities
Rahul Oberoi/Money Today
Spicy Topping For Your Holdings
You can add some spices in your investment portfolio since they are likely to give good returns during the coming months due to supply constraints.
Talk Back
The cover package on mutual funds (Hooking the Best Funds, June 2011) was highly instructive as it went beyond just ranking the various schemes available in the market, says HARI SHARMA from New Delhi.
Smart Spending
Sam Abraham
Sam Abraham introduces new products and services to help you zero in on those that offer value for money.
  • FAQs when buying eco-friendly car Although alternative fuels, such as CNG and LPG, have been powering vehicles on Indian roads for some time now, the public awareness of these cleaner and cheaper options still remains inadequate.
Perspective
Pritam P Hans
Savings Reshuffle
A committee formed to review the government's savings scheme has recommended that the interest paid on savings instruments under the scheme, except post office savings accounts, be reviewed annually and benchmarked to government securities.
  • Better Recovery From 1 July 2011, if your bank fails to reimburse you the money debited wrongfully from your account due to failed ATM transactions within seven days of your complaint, the bank will have to "pay a compensation of Rs 100 per day".
  • Trivia Rs 42,570 cr was collected by the general insurance industry through new policies during 2010-11, up 21.7% from Rs 34,984 cr last year.
  • Quotes Corporate leaders on what's making news in world of business.
  • Fraud Detector The Central Registry of Securitisation Asset Reconstruction and Security Interest of India, a government company, has been incorporated for the purpose of operating and maintaining a central database of mortgaged properties.
  • Rise of the Riches The economic boom has catapulted thousands of Indian families into the millionaire league and the number is poised to surge. A survey by Kotak Wealth and CRISIL explores their world.
  • RBI, Inflation Bout Goes On As inflation rose from 8.7% in April 2011 to 9.1% in May 2011, the Reserve Bank of India (RBI) couldn't afford to ignore the soaring prices in its mid-quarter policy review.
  • India's GDP relies on Internet too Internet infrastructure in India might still be rudimentary, but it still is emerging as a significant contributor to the country's gross domestic product (GDP).
  • Regulator Watch A look at the recent rulings from banking, markets and insurance sectors that can affect you.

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