Kotak Mutual Funds Launch SIP Scheme with Life Insurance Cover

Kotak Mutual Funds continues its trend of innovation by launching Kotak Star Kid Facility in SIP

This facility will avail the investors’ a Life Insurance Cover

This facility is applicable for two schemes of Kotak Mutual Funds Kotak -30 and Kotak Tax Saver

Age criteria to Avail Kotak Star Kid Facility

Minimum Age of Entry - 23 yrs

Maximum Age of Entry - 45 yrs

Insurance cover upto – 50 yrs

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)	10 yrs (120 mnths)	15 yrs (180 mnths)	20 yrs ( 240 mnths)
60 -12 months X 5000 = 240000	120-12 X 5000 = 540000	180 - 12 X 5000 = 840000	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

Franklin Templeton is launch of Franklin Asian Equity Fund (FAEF)

While Indian markets have been performing well, there are quite a few asian markets that have outperformed. In that sense, an investment across countries can help your clients not only improve their portfolio diversification, but also get exposure to growth potential similar to India.

In this regard, Franklin Templeton is announce the launch of Franklin Asian Equity Fund (FAEF) - an open end equity fund that will invest primarily in Asian Companies / Sectors (excluding Japan) across market capitalizations.

The key points are -

• Growth style of investing could provide relatively higher returns in a fast growing economy like Asia.
• The Asian region is one of the fastest growing economic blocs in the world helped by strong exports and increasing domestic consumption. Corporate Asia has been benefiting from this growth and offers return potential similar to that of Indian markets.
• The combination of top-down and bottom up analysis helps in identifying the fastest growing companies in Asia and amongst the various sectors.
• Investors with the appropriate risk profile can benefit from our domestic as well as global investment expertise of investment management.
• A fund that is designed to take advantage of the growing Asian companies and helps diversification across countries.

The broad fund facts are as follows:

	Type			Open end equity fund
	NFO			November 19, 2007 - December 18, 2007
	Minimum Investment			Rs.5000
	Options			Growth & Dividend (Payout & Reinvestment)
	Load			Entry: <5>5 Crs: Nil Exit: <5>5 Crs: 1% (for redemption within 6 months of allotment)
	Benchmark			MSCI Asia (ex-Japan) Standard Index
	Fund Manager			Sukumar Rajah assisted by Roshi Jain