Money Today Archive September 18, 2008 Issue
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Edition: September 18, 2008

Cover Story

Cover drive

The first Money Today Online Survey showed unprecedented results. The average insurance cover of the 321 respondents was almost Rs 9 lakh, much above the national average of Rs 12,000.
  • What experts see in Ulips There is an unprecedented growth in the number of Ulips sold and in the collection of premiums. All of this serves to boost the cause of privatisation. This is why we decided to make Ulips the subject of the first Money Today Round Table, held in Mumbai last month.
  • Unravelling the Ulip Compare different plans for costs and benefits to choose the one that suits your needs.
  • The long haul Regular and disciplined investment in Ulips builds a large corpus in the long run.
  • What Ulips are all about Ulips are different from traditional insurance policies in terms of risk cover, costs and returns.
  • Ulips of the future Allowing insurance companies to invest in equity derivatives, structured guarantees and in real estate will pave the way for a range of innovative developments in the Ulip platform.
  • How upfront charges help Fixed upfront charges combined with lower fund management charges (FMCs), as in many Ulips, result in higher yields than lower upfront charges with higher FMCs, as in many mutual funds.
  • Ulip strategy for all markets Ulips instill discipline in policyholders and make them stay put for long periods. They disregard the shortto mid-term market noise and see their investment grow over the long term.
  • The Ulip puzzle The ideal world: Ulips offer a mix of insurance cover, investment returns and tax savings. The real world: they are primarily insurance products with an investment edge.
Mutual Fund
Money Today and Plexus Management evaluate JM Multi Strategy Fund: This is definitely not for a low-risk taker or a risk-averse individual.
  • Taxation terms-II The mutual fund investments are subject to capital gains tax, which is applicable to gains from the sale of fund units. This tax is levied directly on investors, as opposed to DDT, which is charged to the fund. Let us consider the capital gains tax at the 2008-9 rates.
  • 'Go against the flow' When everybody starts talking of investing in an asset class, you should redeem your money. When they have burnt their hands in an asset class, lost money and redeemed it, start investing, says Arvind Bansal.
Tax
You can claim a deduction under Section 80C in your income-tax return for the life insurance premium paid on a policy taken on your own life, the life of your spouse or child.
Technology
Namrata Dadwal
Have e-mail, must check. But what do you do to indulge your e-mail obsession if you don’t have a fancy mobile phone or a laptop? There are several gaming and music devices with Wi-Fi connectivity and a browser that can help you stay connected.
Stocks
MMTC and State Trading Co are the only PSUs to figure in the list of top stocks in the past year.
  • Waiting patiently for another crash Another fortnight and still no change in either portfolio. Dipen Sheth continues to sit on 50% cash even as he expects the markets to crack. Again.
Real Estate
Rakesh Rai
Hit by low sales, real-estate developers are offering discounts and refocusing on the mid-price and budget segments.
New Business
Priya Kapoor
For M. Janakiraman, owner of Rs 100 crore Bharatmatrimony.com, the journey from rags to riches is characterised by determination and a dash of luck.
Your Wallet
If you have laboured over which mobile plan to choose, here’s a handy guide based on a recent Credit Suisse survey on prepaid schemes.
BASICS
Unit-linked insurance plans have been the undisputed flavour of the past few seasons. But most policyholders, as well as prospective buyers, are unaware of certain elementary aspects of these plans.
Portfolio Doctor
A low insurance cover, a heavily concentrated stock portfolio and a house bought entirely with loans.The Sharmas must diversify and buy insurance.
Books
Kamya Jaiswal
DePorre uses the shark metaphor to good effect while offering an aggressive investment strategy that debunks conventional wisdom.The advice is sound, but not practical enough to empower the ordinary investor, says Kamya Jaiswal.
Insight
A snapshot of the rupee’s performance to help you take decisions on travel and overseas investments.
Editors Note
Alam Srinivas
Almost every investor, including you and I, has acted on a tip or a rumour or simply taken a speculative gamble at least once during his investment lifetime. Therefore, we feel our first job is to "educate" investors.
Talk Back
The calculation of home loan is based on the fundamental principles of annuity. EMI is the amount paid every month which gives the present value of ordinary annuity or annuity due (given a particular rate of interest and loan tenure).
Upfront
As if the rising interest rates were not worrying enough, now be prepared for the sting of higher service charges. The financial sector in the country has been battling rough weather for a while now.
Now and Then
Though there has been a marginal increase in the price of a fridge, there has been a significant improvement in product quality and technology used.
My Idea
Tanvi Varma/Money Today
When Mumbai-based 19-year-old Samrit Shah painted his sports shoes for fun, he didn’t realise how quickly the concept would catch on. Today, along with friend Himay Kumbhani, he runs Toe 2 Head, a shoe customising outfit.

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July, 24 2008

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