NFO : DSP BlackRock World Agriculture Fund

Asset management company DSP BlackRock Investment Managers recently  launched an agriculture fund, DSP BlackRock World Agriculture Fund.
It is an an open-ended fund of funds scheme.The scheme hopes to achieve capital appreciation by investing predominantly in the units of BlackRock Global Funds — World Agriculture Fund, the asset management firm said in a statement. Agriculture is a sector represented globally, which has sound fundamentals over the long term, given the rising imbalance between food demand and supply.

Mr. S Naganath, Chief Investment Officer,  DSP BlackRock said “We believe agriculture is an investment opportunity with the potential for growth over a long-term investment horizon."
According to the AMFI (Association of Mutual Funds in India ) data, the fund house’s average assets under management stood at Rs 30,022 Cr as on June 30, 2011.

Highlights of Scheme..!

* DSP BlackRock World Agriculture Fund will open for subscription on September 30, 2011 and will close on October 14, 2011.

* The minimum application amount for the scheme is Rs 5,000 and in multiples of Re 1, thereafter. It also offers a systematic investment plan option of Rs 500.

* The scheme offers growth and dividend option and will charge an exit load of 1% if redeemed within a year.
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Home loan protection insurance : Bajaj Allianz Life launched Two plans

Bajaj Allianz Life Insurance has launched a range of term plans under the umbrella of ‘iSecure’ to cater to various protection needs. Particularly Home loan protection insurance plam.

The iSecure Loan  - a decreasing cover plan –– to cover all kinds of loan liabilities; 
The iSecure More - an increasing cover plan – that provides increasing protection every year without increasing the premiums. 
Rituraj Bhattacharya, Head (Market Management), Bajaj Allianz Life

iSecure Loan – an unique loan cover plan for all kinds of loan liabilities
iSecure More – increasing protection every year with no extra cost

Rituraj Bhattacharya, Head (Market Management), Bajaj Allianz Life said, “ The new iSecure products address the need for hassle-free loan protection with a wide range of interest rates, offer enhanced life cover without any extra premium. With the reasonable premiums, we feel that the iSecure range will serve as an affordable medium of financial security for all customer profiles.”

iSecure Loan Insurance Plan..! iSecure Loan Insurance Plan is a unique loan cover that protects your family from the burden and the worry of any loan repayment in your absence.


Key Features…!  ·    Benefit of low cost of insurance appropriate to your reducing loan liabilities
·    Single and joint life cover available
·    Limited premium payment term of 2/3rd of your policy term
·    Flexibility to select your policy term from 5 years to 25 years depending on the tenure of your loan

·    Flexibility to choose the loan interest rate as appropriate to you, at the inception of the policy from 5% to 20%
·    Flexibility to alter your premium payment frequency
·    Pay your future premiums in advance and get appropriate discount

iSecure More Loan Insurance Plan...!  
Bajaj Allianz iSecure More is an increasing cover term assurance plan that enhances your protection to meet your family’s increasing financial requirements - a plan that helps secure your family more & more as the years go by.

Key Features·    Benefit from increasing life cover of 5% in sum assured at each policy anniversary, up to a maximum of twice the sum assured at policy inception.
·    Single and joint life cover available
·    More value for money with high sum assured rebate
·    Flexibility to
o    Select your policy term from 10 years to 25 years
o    Alter your premium payment frequency
o    Pay your future premiums in advance and get appropriate discount
o    Include your spouse at a later date in your existing policy, if you are single at present
o    Choose additional rider benefit(s) for enhanced protection
·    Plan for your loved ones’ recurring expenses by opting for disbursement of policy proceeds in annual installments

Also read

what is Home loan protection insurance?


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What is Home loan protection insurance?

In India, buying a property - House is the single largest investment  for 90% people.When any one buys a home by availing a housing loan, it creates a big financial liability for the him. The situation becomes acute if one considers that in most cases, the person, who avails the home loan, is also the only earning member of the family.

If unfortunate circumstance this person were to pass away, his dependents would unfortunately inherit a huge financial liability with few means to provide for it. And if the survivors of the person are not in a position to pay the loan, the bank has the right to sell the house and recover its loan.

In light of such unfortunate circumstances, home loan protection insurance is emerging as an important tool to safeguard a family and dependents.

What is home loan protection insurance..?  A home loan insurance plan is designed as an insurance policy, where, if the person who has taken the home loan dies or is disabled causing loss of income, the insurance firm will pay the remainder of the home loan.

The borrower were to die or incur a disability leading to loss of salary/income the home loan protection insurance would pay the balance loan amount to the bank/housing finance company.
The amount of payment paid under insurance will be the same as the balance outstanding on the home loan at the time of claim.

A home loan protection plan is similar to term (life) insurance in respect to paying options.

Some of payment options:

#  Single premium payment :
A single premium is paid while availing the insurance.
Banks/Housing finance companies will try to club the amount payable towards a single premium with the home loan itself.

#  EMI/regular payments or regular payments:

Equated Monthly Installments  (EMIs) are payments that can be made at fixed intervals - Monthly/Quarterly/Yearly. In this case too, the EMI to be paid, towards the insurance, is clubbed with the home loan EMI.

# Limited period payment:
An option where the insurance premium is payable only for a limited period of the home loan tenure. It may be 5 years/8 years (In the case of the home loan tenure is 10/15 years)

Other alternative:
other insurance products can also be considered as an alternative to home loan protection insurance. A popular option available today is term insurance. On comparing the cost of a housing loan protection plan with term insurance, any one finds that the cost of insurance, one finds that the cost of both is similar. However, term insurance offers the following benefits over home loan protection insurance:
The cover in a term insurance plan remains constant  throughout the tenure of the loan; hence, the survivors will receive a fixed amount in the event of the death of breadwinner rather than a reduced amount. But, premium is more compared to housing loan protection plan.

Also Read
Home loan protection insurance : Bajaj Allianz Life launched Two plans
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Indian Real Estate shares – Intraday Tips For 30 September 2011

Intraday Tips For 30  September 2011
Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
DLF
BUY ABOVE
225.95
223.90
228.45
231.85
SELL BELOW
221.50
223.50
219.05
215.75
 
Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
UNITECH
BUY ABOVE
27.30
27.05
27.60
28.00
SELL BELOW
26.75
27.00
26.45
26.05

Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
IBREALEST
BUY ABOVE
78.05
77.35
78.90
80.10
SELL BELOW
76.50
77.20
75.65
74.50

Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
HDFC
BUY ABOVE
104.10
103.15
105.25
106.80
SELL BELOW
102.05
102.95
100.90
99.40
HDFC
BUY ABOVE
659.00
653.05
666.25
676.25
SELL BELOW
645.95
651.75
638.85
629.25

Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
ANANTRAJ
BUY ABOVE
58.60
58.05
59.25
60.15
SELL BELOW
57.45
57.95
56.80
55.95

Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
SOBHA
BUY ABOVE
218.45
216.45
220.85
224.15
SELL BELOW
214.10
216.05
211.75
208.60
 
Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
PHOENIXLTD
BUY ABOVE
212.55
210.65
214.90
218.15
SELL BELOW
208.35
210.25
206.05
203.00

Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
ORBITCORP
BUY ABOVE
33.40
33.10
33.75
34.25
SELL BELOW
32.75
33.05
32.40
31.90
 
Scrip
Trigger
Price
Stop Loss
Target 1
Target 2
PARSVNATH
BUY ABOVE
65.65
65.10
66.40
67.40
SELL BELOW
64.35
64.95
63.65
62.70
 

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Today’s Technical Term - Accessibility

The degree to which a building or plot of land allows access to people with disabilities.

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America house sales down, six month low

America new house sales down

New house sales in the America down to 6 month low. It means, high unemployment is discouraging consumers despite record low mortgage interest rate that is about 0.25% 

New house sales in US (in Lakhs)
2011 -Month
Sales
January
3.10
February
2.81
March
3.05
April
3.16
May
3.08
June
3.03
July
3.02
August
2.95

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