Information Source

1. Daily market tips and trend (Tamil) : http://panguvaniham.wordpress.com/
2. Daily market news from various source : http://paisapower.blogspot.com/
3. Rediff.com - Market Update which provide Market voice from Stock market Gurus
4. The Hindu Business Line (Sunday – Investor World provide IPO analysis and other market related reports)
5. Capital Market IPO (www.capitalmarket.com) provide me rating for upcoming IPOs if capital provide rating above 40 it means it good stock.
6. Moneycontrol website so for I use for view CNBC news other then that it has lots of information, very confusing also I try to visit above source and cross check here
7. Value research (www.valueresearchonline.com) the best website to analysis about MFs
8. www.Moneytoday.in download books or read online (portfolio doctor, cover story) which provide you inside about various investment option provide valuable information
9. www.vikatan.com good site to learn investment in Tamil
10. Finally my bookmark, http://del.icio.us/kmdfaizal/Finance and http://del.icio.us/kmdfaizal/%E0%AE%AA%E0%AE%99%E0%AF%8D%E0%AE%95%E0%AF%81%E0%AE%9A%E0%AE%A8%E0%AF%8D%E0%AE%A4%E0%AF%88

Kotak Mutual Funds with Life Insurance Cover (Kotak Star Kid)

Kotak innovatively launch new fund called Kotak Star Kid Facility in SIP. This facility will avail the investors’ a Life Insurance Cover currently this This facility is applicable for two schemes of Kotak Mutual Funds Kotak -30 and Kotak Tax Saver. The age criteria to Avail Kotak Star Kid Facility is Minimum Age of Entry - 23 yrs and Maximum Age of Entry - 45 yrs Insurance cover upto – 50 yrs the Term – 5, 10, 15 & 20 yrs (60 months, 120 months, 180 months, 240 months)

Age Tenure
23-30 5,10,15,20
31-35 5,10,15
36-40 5,10
41-45 5
above 45 Not eligible

Minimum SIP Amount: 1000/-

Formula for calculation of Life Insurance Cover
E.g. Amount 5000

5 years (60 months)
60 -12 months X 5000 = 240000

10 yrs (120 mnths)
120-12 X 5000 = 540000

15 yrs (180 mnths)
180 - 12 X 5000 = 840000

20 yrs ( 240 mnths)
240 - 12 X 5000 = 11,40,000

Life insured could be father or mother. Nominee compulsorily would be child only (major or minor).
Features for the Life Insurance cover in Kotak Star Kid Facility are as Follows:
• First month of SIP no insurance cover
• First 3 months only accidental death will be covered
• First 12 months, if death happens 10 times of SIP amount will be paid to the nominee as insurance + total net asset value of SIP paid till date.
• After 12 months if death occurs nominee will get remaining unpaid sip of the tenure + total net asset value of SIP paid till date.
• Medical Test Compulsory above 10 lac cover.
• Maximum cover: 1 core
• Insurance cover will be in reducing manner
Load Structure for the Kotak Star Kid Facility
• Entry Load : 3.25%
• Exit Load : 2% till 2 years
• : 1% after 2 years till 5 years
• SIP in Tax saver will be subject to a 3 years lock-in as per SEBI Regulation