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Free Insurance Repository Service –First time in INDIA

Shitanshu Kapadia
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0
Free Insurance Repository Service –First time in INDIA

Rep1

Day of safe keeping insurance policy document and interacting with multiple insurance companies are finally over. CAMSRep is providing Free Insurance repository service (Storing policy in electronic form) first time in India.

Why Electronic Policies?

There are multiple benefits in holding insurance policies in electronic form:-

  • Safety: No risk of loss or damage as may happen with paper policies
  • Convenience: You can access all your electronic policy details  anytime
  • Less Paper work:  For electronic policies you need to do much paper work

How to avail this facility?

You can avail this facility by opening free e Insurance Account (e IA) with CAMSRep. This account gives you facility to buy and hold all insurance policies in electronic form under single account.

In order to open e IA account you need following documents:-

ID Proof:

  • AADHAR CARD or
  • PAN Card

Address Proof:  A copy of any one of the following documents is required.

  • Ration Card
  • Passport
  • Driving License
  • Voter ID card

It will take 7 business days to open your account. Once your account is open you will get unique Login ID and Password.

 What Service can I Expect?

  • Converting your existing paper policy into electronic form – You just need to write out a request, addressed to the Insurer, for converting your existing paper policy to electronic mode. Request Forms for policy conversion are available in all offices of CAMSRep and CAMS.
  • Buy Insurance policy in electronic form – CAMSRep provide facility to buy insurance policy in electronic form.
  • Single Interface for interacting with multiple insurance companies.
  • Pay Premium on your existing and new policy online.
  •  Raise Service request including complaints.
  • Easy management as all insurance policies, be it life, pension, health or general, can be electronically held under a single eIA.
  • At year end you will get Annual Statement

Why I should go with CAMSRep?

CAMSRep – CAMS Repository Services Ltd.  is an Insurance Repository approved by IRDA. CAMSRep is promoted by CAMS, India’s premier Registrar and Transfer Agent (RTA) for Mutual Funds.

That’s not all!!  Opening an e IA and maintaining e-policies with CAMSRep is absolutely FREE.

So Go Green open your e IA account Now!

For More Information Visit – https://www.camsrepository.com/

Best Equity Portfolio Manager – Excel based tool

Shitanshu Kapadia
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5
Best Equity Portfolio Manager – Excel based tool

Stock market investment is like taking ride of “merry go round”, it gives enjoyment of upward stock movement and worry of downward stock movement.

If you have invested your money in stock market it is extremely important for you to monitor your stock performance. Close monitoring will enable you to take appropriate action for buying and selling.

Equity Portfolio

In order to monitor all these stock at single place you need to make your equity portfolio. Equity portfolio enables you to analyses your portfolio and track its movements at any point of time.

In our earlier post we have discussed about ETportfolio tool. Today we will discuss about our own customized Equity portfolio Manager Excel based tool.

Equity Portfolio Manager –

We have made simple and extremely helpful tool to track your stock movements. This tool provides following facility

  • Access to Equity portfolio offline
  • Updating Stock price at single click
  • Updating Sensex and Nifty price movement
  • Total Gain/Loss in particular stock at given point of time
  • Stock Sector Allocation wise pie chart
  • Profit and loss summary pie chart

You can download Equity Portfolio Manager by clicking on link given below.

Download Now

How to use Equity Portfolio Manager-

This Equity portfolio manager contains three different spreadsheets. First spreadsheet named as Instruction contains instruction about how to use this portfolio.

Second sheet is named as Money_Excel contain information about your stock holding, profit and loss details. Third spreadsheet contains information about stock name and respective codes.  Please following steps to use this portfolio.

  • Please find out code of your stock and insert this code in first column A – “Stock”.
  • Input purchase price and stock quantity in column number I – “Purchase price” and J – “Qty”
  • Input Stock sector in column number N – “Sector”

Once you are done Press “Update Now” button and you will see that stock price is getting updated.

Note – In order to update stock price Internet connectivity is mandatory.

This portfolio manager also provide you additional facility in terms of giving visual representation about stock sector allocation percentage. This will enable you to check if you are exceeding investment in specific sector.

stock sector allocation

Another good feature of this portfolio manager is visual representation of profit and loss stock wise summary.

profit loss stock

Hope this portfolio manager will help you to manage your equity investment more effectively.

If you like this tool please share it with your friends and relatives.

Don’t forget to Like, share or tweet it if you like this.

5 Unknown Facts about Bank Lockers

Shitanshu Kapadia
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0
5 Unknown Facts about Bank Lockers

bank locker

Bank locker is just like your saving bank account. In saving bank account we place money while in locker we can keep our valuable item such as jewelry, property paper and important document such as will etc. Item which we feel should not be kept at home we place it in bank lockers.

Today we will discuss about 5 often ignored unknown facts about bank lockers.

5 Unknown Facts about Bank Lockers:-

(1)  I need to open Fixed Deposit or need to purchase Insurance policy to open Locker?

Many of us think that in order to open locker we need to take fixed deposit or need to purchase Insurance policy from bank. As per RBI guideline linking the lockers facility with placement of fixed or any other deposit beyond rent is restrictive practice and should not be allowed.

If any bank refuse to allocate locker or insist for taking fixed deposit of Insurance policy you can show them RBI Guideline for allocation of locker. Or alternatively you can tell them that you will file RTI to get actual information about availability of locker and policy of allocation.

(2)  I need to open saving bank account for getting Locker?

No it is not mandatory that you must hold or need to open saving bank account for getting locker. All you need is you need to assure bank that you are capable of paying rent for locker.

(3)  Bank Lockers are totally Safe & Secure?

Third thing which you may be news to many, and a shocker, but in truth. Belonging kept in Bank locker is not totally safe and secure.

RBI rule says that banks are, in no way, responsible or liable for the contents kept in the locker, even in the case of theft, burglary or unforeseen events which is beyond the control of banks.

However RBI mandates bank to have best security arrangement for lockers to safeguard customers’ interests.

(4)  How much compensation I will get in case something get missed from my locker?

As stated earlier banks are not responsible or liable for the content kept in locker. Even in case of natural disaster like earth quack, flood or terrorist attack where you locker contents are lost or destroyed bank is not liable to compensate anything as they have no knowledge of what is placed inside locker.

You can purchase some policies available in market to insure your jewelry and other belonging stores in lockers.

(5)  Bank cannot operate locker without your permission?

Bank Locker should be operated by you time to time at least once in year, this frequency is decided based on your RISK profile (KYC). If you fails to operate your locker in time bank will send you reminder asking for reasons/explanation. If you still don’t take actions bank has all rights to break your locker although you are paying rent regularly.

Bank Locker

Do share your views on above.

15 Mutual Funds gives 40%+ Annual Return

Shitanshu Kapadia
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0
15 Mutual Funds gives 40%+ Annual Return

top mutual funds

Do you invest your money in mutual funds? If yes what is maximum return you expect from mutual funds? 12%, 15% or 20% but what if mutual funds give returns of 40% or more?  At first instance you may say that are you joking!

Well No, today I will share information about 15 Mutual funds that have already given return of 45%+ in last year.

15 Top Mutual Funds

Sector Funds:-

Among top mutual funds UTI Transport &Logistics -Direct (G) sector based fund is ruling chart today with 65.8% yearly return, similarly another sector fund ICICI Pru Technology – Direct (G) is also ruling chart with 56.5% return.

sector mutual funds

You must be thinking what kind of magic is done by fund manager so that these funds are giving humongous return. Well from my point of view nothing. In past sector based stock related to IT and transport has performed well so these mutual funds are giving good return.

Although these sector funds are giving best return it is risky to invest in sector fund as investment in sector fund means investment in specific sector if that sector does not perform better you are gone.

Diversified Funds:-

Another types of funds which has given more than 45% return in last year in diversified funds.

ICICI Pru Exp & Other Services-DP (G) fund has given return of 51.1% and ICICI Pru Exp &Other Services-RP (G) fund has given  52.1% return.

diversified_mutualfunds

Small Cap and Mid Cap Funds:-

Among the best performing small and mid-cap stock mutual funds, Reliance Small Cap Fund, rules the chart with a 48.8% annual return. Other funds which gave best return in last year are UTI Mid-Cap fund 47% annual return, Franklin (I) Smaller Co -Direct (G) 44.9%, Birla SL Pure Value – Direct (G) 44.2%, SBI Midcap Fund – Direct (G) 43.9% & HSBC Small Cap Fund – Direct (G) 41.6% return.

midcap_mutualfunds

From above list we can say that Small Cap and Mid Cap funds are star performer and total 8 funds among 15 funds are from small cap and mid cap.

As so many funds have together achieved such high returns, we carry out study to know is there some pattern in which the investments have been made by these funds.

Surprisingly, a close study of the portfolios does not reveal any apparent pattern.  Credit goes to fund manager who has selected best small cap and mid cap stocks which gave best returns.

What is your take on these mutual funds and returns?

Do share your Comments!

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