Ulips issued after September 1, 2010, are far more consumer-friendly than the older ones in terms of the overall charge structure and the limits up to which charges can be front-loaded. While the debate on whether it is a good idea to combine your insurance and investment needs continues, not much has been written on whether consumers who bought Ulips prior to September 1, 2010, should continue with the policies or stop paying premium on them or even surrender them.
News Source – ECONOMIC TIMES.
NEW FUND LAUNCH
Religare Mutual Fund has announced the New Fund Offer (NFO) Religare Fixed Maturity Plan – Series IX – Plan F (13 Months), under Religare Fixed Maturity Plan – Series IX – Plan A to F, close ended debt scheme. The NFO opens for subscription on September 29, 2011 and closes on September 30, 2011.
News Source – LIVE MINT.
Tata Mutual Fund has launched a new fund named as Tata SIP Fund Series 3, a 36 month close ended hybrid scheme. It is based on the well-known and widely understood Systematic Investment Plan concept with a convenient difference in the method of investing. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 20 September and will close on 30 September 2011.
News Source – INDIA INFOLINE.