Platinum protect is the new term plan from Max New York life. This plan is available in terms of 20, 25, and 30 year plans. The chief attractive feature for this plan is that we can avail the insurance coverage even though the policy premium payment is stopped after 16 years.  This facility can be claimed if the insurance need of the policy owner become reduced or he turns financially instable. Another interesting feature of this policy is that people with healthy life style can pay reduced premium amounts. They can avail a discount up to 36%.

Birla Sun life has introduced new endowment plans for people following traditional investment practices. The minimum monthly premium in Birla Bachat plan is Rs 400. Bachat plan for a term of 20 years provide an insurance coverage of 180 times the premium amount.  The maturity sum with the loyalty addition will be returned after completion of the term. Double protection which provides the rider for accidental death claim can be made by paying a nominal premium along with regular premium. This policy also provides tax benefits as per Section 80 C and Section 10(10 D). Apart from insurance scheme, this plan can also be considered as long term investment option.

While the stock market is at in its heights, investment in equity mutual funds altogether is not welcomed. Thus most of the investors are depending on Systematic Investment Plan(SIP). Most of the investors are unknown about the much more profitable way of Systematic Transfer Plan.

Systematic Transfer Plan is the transferring of a fixed sum from a fund of one mutual fund Company to another fund daily, weekly, fortnightly, monthly, once in 3 months, half yearly or yearly. Transferring can be done from any fund to another fund.

Case Study: Consider an investor invested about 1 lakh Rs in a liquid fund of a mutual fund Company which are DET funds that invest in short term debentures. A sum of Rs 10,000 is transferred in each month to an equity fund of the same company. This scheme has two advantages that’s, the investment can be done in similar way as in SIP and return can be obtained for the investment in liquid fund. The return from the liquid funds is around 5-7 %. In the mean time the investments in a savings account can yield only about 3.5 % per annum.

Fund transfer from equity funds is also possible by the systematic transfer plan. Consider the case that you had made an investment in a diversified equity fund and you need to avail tax benefit through investment in equity linked savings scheme. In this case you can transfer fund using the systematic transfer plan.

The minimum amount that can be transferred using the systematic transfer plan is Rs 500. Whereas in the case of daily transaction it is Rs 50. Similar limits are also set in the case of daily investments in liquid funds too.

The charges which are applicable to the mutual funds only are applicable for the systematic investment plan too. No charges are there for the buying and selling of units in DET funds. So no charges are there for investment and money transactions in liquid fund. Even though there is no charge for buying units in equity funds, if they are sold within a year 1% is levied as exit load. That’s if fund transfer occurs via systematic investment plan within one year of investment in equity fund, exit load of 1% I applicable.

This fund constitutes equity and equity related securities of 100 large companies listed in India. This is an open ended growth scheme. The sectors in which the investment is made are Banks, Petroleum products, Software, Pharmaceuticals, Power, Industrial Capital Goods, Construction Project, Consumer Non Durables, Auto, Gas. The important stocks held by this fund are Reliance Industries, Larsen & Toubro, Tata Consultancy Services, State Bank of India, Bharat Petroleum Corpn, GAIL (India), Infosys Technologies, Cipla, ITC, Tata Power Co.

STP, SWP, Nomination and Direct deposit application facilities are available with this scheme. The Redemption proceeds issued normally within 3 Business Days and the NAV is declared on all business days.

The Plans available are regular and institutional. In regular the minimum investment is of Rs 5000 and the investments thereafter in the multiples of Rs 1. The minimum investment in the institutional plan is Rs 5 crore and multiples of Rs 1 thereafter.

The percentage of return for 1 year is 77%. The 3-year returns are 16.74 %. The worst quarter returns is -30.99 %. The sharpe ratio is 0.50 and the risk score is 0.81. The Net Asset Value is 91.12 Rs and the average assets under management is 2,406.60 crore. DSP BR Top 100 Equity Reg is the major player among the large cap funds.

This Daily Investment plan of L&T mutual fund facilitates the investors to transfer the amount daily from fixed deposits to the open ended equity schemes. The daily investments in the equity schemes of the company can provide profit for the investors in accordance with the day to day fluctuations in the Share market. The minimum investment limit is 10000 Rs. Subscription has already being started. In the “Eligible Equity Scheme” investor can deposit 50 Rs daily. L&T Mutual fund authorities says that this new schemes makes the investors to familiarize the market changes.