HDFC DUAL ADVANTAGE FUND - SERIES Invest ONline

 

Name of the Plan	New Fund Offer Opens on	New Fund Offer Closes on	Tenure	Fund Managers	Benchmark
HDFC DAF - II - 1160 D Jan 2016	Jan 19, 2016	Feb 02,2016	1160 days from the date of allotment	DEBT-Mr . Anil Bamboli EQUITY- Mr. Krishan Kumar Daga	CRISIL Debt Hybrid 75+25 Fund Index

Mirae Asset India-China Consumption Invest Online

 

 

 

Fund Positioning

At Mirae Asset, Consumer Investment Theme responds to lasting changes in the emerging markets. Our strong conviction in long-term opportunities of the consumer theme in Asia especially led by India and China has led us to develop Mirae Asset India-China Consumption Fund.

What makes Mirae Asset China Consumption fund unique is that changing demographics of both these countries affects many sectors – beyond the consumer staples and discretionary sectors. The fund considers companies whose business model is positioned to benefit from greater consumption in India & China.

India and China act as a gateway to humongous opportunities on the consumption front. A combination of factors like Rising Urbanization, Burgeoning Middle Class, Large population, Rising Incomes, Huge demographics, Declining Dependency Ratio and Higher Saving rates will boost the GDP per capita income growth in India and China thereby providing a fillip to Consumption J-Curve. India has entered the window of opportunity recently while China is present since last two decades.

The fund invests atleast 65% in Indian Equity and Equity related securities and hence it is taxed as Equity fund, unlike other International Funds (whose Indian equity portion is less than 65%) which have debt taxation norms.

The investment strategy of the fund in general has been:
•India portion is 65%+ and China portion is < 35%- generally 70:30
•India Representation is across the sectors– FMCG, Retail, Media, Telecom, Financials, Autos, Building Materials, etc.
•China portion has conviction based ideas, preferably in complementary sectors            

 

Fund Performance

Our focus is to invest in high quality businesses with strong cash flows which are available at reasonable valuations.

Mirae Asset India China Consumption Fund has been a consistent performing fund since its inception. The fund has delivered (as on 30th March, 2015) 22.24% returns compared to 19.69% returns delivered by its benchmark.

The fund has exposure to FMCG, Consumer Discretionary, Financials, Auto, and Building materials.

•long-term capital appreciation
•Investment in equity and equity related securities of companies benefiting directly or indirectly from consumption led demand in India/ China
•Risk – High            

Performance AnalysisLast Updated On : 19/01/16

Recent Performance

 

 

As usual, LIC is launching a limited period plan called Jeevan Shikhar (Table No.837). This will be available from January, 2016 to the maximum period of 120 days.

You notice the LIC history, they always launch limited period endowment plans in January and closes in March. The reason is to trap the tax saving salaried individuals. The biggest loser in such unplanned blind tax saving investments are INVESTORS only but not agents or LIC. So to utilize this opportunity, every year LIC launches new plans during this tax saving season.

Below are the features of this plan

• It is a single premium plan.
• Insurance cover will be 10 times of your premium. If your premium is Rs.1,00,000, then the sum assured will be Rs.10,00,000.
• It is a typical endowment plan.
• Minimum maturity sum assured must be Rs.1,00,000. There is no maximum limit.
• Minimum entry age is 6 years.
• Maximum entry age is 45 years.
• Premium paying mode-ONLY SINGLE.
• Term of policy is 15 years.
• You have an option to chose the Maturity Sum Assured (MSA). Based on this MSA and age, your premium will be fixed.
• This plan offers a rebate in terms of a tabular premium on per Rs.1,000 MSA. This rebate is Rs.15 for MSA between Rs.2 lakh to Rs.4.8 lakh. Rs.20 for MSA between Rs.5 lakh to Rs.9.8 lakh. Rs.25 for MSA of Rs.10 lakh and above.
• Agent's commission will be 2% of the premium.
• This plan offers loan facility but depends on how old the policy is and your age.

Benefits-

 

Survival Benefit-

If you survive till the policy period, then you will receive the MSA (Maturity Sum Assured)+Loyalty Addition.

Death Benefit-

a) If death occurs during first 5 policy years-Refund of single premium without interest.

b) If death occurs after 5th policy year-10 times of your single premium.

 This is the plan which yet to be launched. But going by available features, I felt is one more worst plan LIC launching. I feel buying a term insurance and PPF is best. I am referring PPF again and again. Because PPF offers same tax benefit as that of LIC endowment products.

 

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