IN line with IRDA's new charge structure for ULIPs, Kotak Life has launched a ULIP, which offers guaranteed maturity addition of up to 280% of your first year premium. The fixed return of the first year premium ranges from 110% for 10-year policy to 280% on a 30-year policy. The Kotak Super Advantage, which has replaced its earlier ULIP plan called Kotak Smart Advantage, claims 100% allocation of your premiums from the second year onwards. Besides, the ULIP offers assured bonus addition to enhance your fund value at maturity, the life insurer said in a statement. This benefit is calculated as 3% of the average Fund Value of the last three policy years. This ULIP offers five fund options to customers on the basis of their risk appetite.
Tax Plan is one of the better performing schemes from Religare Asset Management. Existing investors can redeem their investment after three years. But given the scheme's performance, they can continue to stay invested Given the mandated lock-in period of three years, tax saving schemes give the fund manager the leeway to invest in ideas that may take time to nurture. Religare Tax Plan's investment ideas revolve around 'High Growth', which the fund manager has aimed to achieve by digging out promising stories/businesses in the mid-cap segment. Within the space, consumer staples has been the centre of attention for the last couple of years and can be seen as one of the key reasons for the scheme's outperformance as compared to the broader market. It has, however, tweaked its focus and reduced exposure in midcaps as they were commanding a high premium. The strategy seems to have worked as it returned a 22% gain last year. Religare Tax Plan has outperformed BSE 100...
