The small cap funds have been in fashion for quite some time. Last discussion on the fund was done in the month of October 2024( you can check the blog here). It was revised from the last one in March 2024. Since October 2024 , the Mahindra Manulife Small Cap Fund Reg (G) is dropped in this discussion in its place we have included Motilal Oswal Small Cap Fund Reg (G), the fund has delivered exceptional returns so, we have included it here. Though it would need more time to understand if this fund can deliver results consistently or not. Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE Exit Load Benchmark Quant small cap fund 1996 3 26,221 cr 1.60 22.55 1% for redemption within 365 days Nifty Smallcap 250 TRI Bandhan Small cap fund 2020 4 10,244.1 cr 1.69 11.80 1% for redemption within 365 days BSE 250 Smallcap TRI Hdfc Small cap fund 2008 3 30,880.43 cr 1.61 10.01 1% for redemption within 365 days BSE 250 SmallCap Index (TRI) Nippon India small cap fund 2010 4 58,028.59 cr 1.44 9.33 1% for redemption within 365 days Nifty Smallcap 250 TRI Axis Small cap fund 2013 4 23,317.93 1.61 10.37 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days Nifty Smallcap 250 TRI HSBC Small Cap fund 2014 2 14,736.99 Cr 1.69 9.91 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days NIFTY Small Cap 250 TRI SBI small cap fund 2009 3 31,790 cr 1.58 24.13 1% for redemption within 365 days BSE 250 Small Cap Index TRI DSP small Cap fund 2007 3 14,258.03 cr 1.73 20.68 1% for redemption within 364 days BSE 250 Small Cap TRI ITI Small Cap Fund Reg (G) 2020 5 2,293.79 cr 1.96 8.78 1% for redemption within 365 days Nifty Smallcap 250 TRI Motilal Oswal Small Cap Fund Reg (G) 2023 – 4331.97 cr 1.86 29.59 1% – If redeemed on or before 365 days from the date of allotment. Nifty Small cap 250 TRI Quant small cap fund The fund launched in 1996, one of the oldest performing funds in the category, but of course it was not launched by quant but had been taken over by quant, it has 3 star rating . The Portfolio size of 26,221 cr. The portfolio size has remained constant since last review. The fund has PE of 22.55. The expense ratio of the fund is 1.60. Bandhan Small cap fund The fund was launched in the year 2020, and enjoys a 4 star rating. The fund has a portfolio size 10,244.1 cr, which is a substantial increase from the last time. The PE of the fund is 11.60. The ratio of the fund is 1.69 HDFC Small cap fund The fund launched in 2008, with rating of 3 stars, fund size of 30,880 cr, third highest fund size. THe fund has PE of 19.53. The expense ratio of the fund is 1.61. Nippon India small cap fund The fund was launched in 2010, enjoys 4 star rating, highest AUM size of 58,028 cr, the fund size has not moved much since last time. The PE of the fund is 25.02. The expense ratio is 1.44. Axis Small cap fund The fund was launched in 2013, enjoys a 4 star rating from CRISIL. With an AUM of 23,317.93 , the fund has not moved much. PE of the fund is 10.37. The expense ratio is 1.61. HSBC Small Cap fund The fund was launched in the year 2014, 2 star rated fund. The AUM of 14,736.99 cr, this fund has lost AUM since last discussion. The PE of the fund is 27.3. The expense ratio is 1.69 SBI small cap fund The fund was launched in the year 2009, 3 star rated. The AUM of the fund was 31,790 cr. It climbed from 2nd largest fund in the category. The PE of the fund is 24.13. The expense ratio of the fund is 1.58. DSP small Cap fund The fund was launched in 2007, 3 star rated, moved up from 1 star rated. The AUM of the fund of 14,258.03 cr , it did lose a lot of AUM. The PE of the fund is 20.68. The expense ratio of the fund is 1.73 ITI Small Cap Fund Reg (G) The fund was launched in the year 2020, currently rated 5 star, small fund size of 2293.79 cr. The PE of the fund is 28.41. The expense ratio of the fund is 1.96. Motilal Oswal Small Cap Fund Reg (G) The fund was launched in 2023, and has delivered exceptional returns , so it made it to the list. Currently not rated by CRISIL. AUM of the fund is 4331.97cr. The PE of the fund is 29.59. Expense ratio of the fund is 29.59. Trailing Returns : Scheme 1 Year 3 Year 5 Year 7 Year 10 Year 15 Year Quant small cap fund -1.56 27.89 46.85 25.92 19.63 17.17 Bandhan Small cap fund 20.21 33.63 36.25 – – – Hdfc Small cap fund 7.57 26.98 34.38 17.02 18.77 16.78 Nippon India small cap fund 5.02 28.48 38.33 21.51 22.13 – Axis Small cap fund 11.42 23 30.78 21.43 19.02 – HSBC Small Cap fund 3.04 25.02 35.72 17.39 19.65 13.55 SBI small cap fund 1.66 19.51 29.02 17.87 19.45 20.7 DSP small Cap fund 14.43 24.14 33.36 18.28 17.8 18.94 ITI Small Cap Fund Reg (G) 9.48 30.32 29.43 – – – Motilal Oswal Small Cap Fund Reg (G) 21.56 – – – – – 1 year trailing 1st quartile : 16.5- 22 : Bandhan Small cap fund , Motilal Oswal Small Cap Fund Reg (G) 2nd quartile : 11- 16.5 : Axis Small cap fund, DSP small Cap fund 3rth quartile : 5.5- 11  : Hdfc Small cap
The ICICI Pru iProtect Smart is a popular and comprehensive term insurance plan offered by ICICI Prudential Life Insurance. It’s designed to provide financial security to your family in your absence.insurance plan that offers a good range of customisable features and benefits , like life stage benefits, add on riders , multiple payment terms , multiple mode of payments, discounts etc, making it a comprehensive plan to look for when if you are looking for the an term plan. Here in this blog we have detailed the policy ,with its all features and benefits , all the terms conditions , which you can go through to understand the policy in detail. If you do not want to read through the policy you can watch our video Short Video Describing the Policy : Long Video Discussing Policy in Detail : Let Us Look At the Plan. Built In Rider Coverage against death terminal illness – in the opinion of two independent medical practitioners’ specialising in treatment of such illness, is highly likely to lead to death within 6 months – The terminal illness must be diagnosed and confirmed by medical practitioners’ registered with the Indian Medical Association and approved by the Company. – The Company reserves the right for independent assessment. – The Medical Practitioner should neither be the insured person(s) himself nor related to the insured person(s) by blood or marriage nor share the same residence as the Life Assured. Waiver of premium on disability – On diagnosis of Permanent Disability (PD) due to an accident, the future premiums under your policy for all benefits are waived – In the event of PD of the Life Assured after 180 days of the occurrence of the accident, the Company shall not be liable to pay this benefit. What is disability if person is not able to perform 3 out of 6 activities • Mobility: The ability to walk a distance of 200 meters on flat ground. • Bending: The ability to bend or kneel to touch the floor and straighten up again and the ability to get into a standard saloon car, and out again. • Climbing: The ability to climb up a flight of 12 stairs and down again, using the handrail if needed. • Lifting: The ability to pick up an object weighing 2kg at table height and hold for 60 seconds before replacing the object on the table. • Writing: The manual dexterity to write legibly using a pen or pencil, or type using a desktop personal computer keyboard. • Blindness – permanent and irreversible – Permanent and irreversible loss of sight to the extent that even when tested with the use of visual aids, vision is measured at 3/60 or worse in the better eye using a Snellen eye chart. T & C – The disability should have lasted for at least 180 days without interruption from the date of disability and must be deemed permanent by a Company empanelled medical practitioner T & C -Attempted suicide or self-inflicted injuries while sane or insane, or -whilst the Life Assured is under the influence of any narcotic substance or – drug or intoxicating liquor except under the direction of a medical practitioner; – Engaging in aerial flights (including parachuting and skydiving) other than as a fare paying passenger or crew on a licensed passenger-carrying commercial aircraft operating on a regular scheduled route – The Life Assured with criminal intent, committing any breach of law – Due to war, whether declared or not or civil commotion – Engaging in hazardous sports or pastimes, e.g. taking part in(or practicing for) boxing, caving, climbing, horse racing, jet skiing, martial arts, mountaineering, off site skiing, pot holing, power boat racing, underwater diving, yacht racing or any race, trial or timed motor sport. – PD due to accident must be caused by violent, external and visible means – No benefit is paid if the Life Assured’s death occurs 180 days after the accident. Optional Rider Accidental Death Benefit – An case of death due to an accident within Accidental Death Benefit term, we will pay your nominee/legal heir AD Benefit as lump sum. – It can be added anytime during policy except in last 5 years – There must not have been any claim in the policy till the time of opting of AD Benefit – The AD Benefit starts from the next policy anniversary and continues for the remaining policy term or until age 80, whichever is sooner. – Life Assureds then age must be less than or equal to 55 years – once added cannot be removed – For the Accidental Death Benefit to apply, injuries from the accident must directly cause the Life Assured’s death within 180 days and before coverage ends. – No benefit is paid if the Life Assured’s death occurs 180 days after the accident. SI Min 1L Max is 3 times of Sum Assured , subject to maximum Board approval T & C -Attempted suicide or self-inflicted injuries while sane or insane, or -whilst the Life Assured is under the influence of any narcotic substance or – drug or intoxicating liquor except under the direction of a medical practitioner; – Engaging in aerial flights (including parachuting and skydiving) other than as a fare paying passenger or crew on a licensed passenger-carrying commercial aircraft operating on a regular scheduled route – The Life Assured with criminal intent, committing any breach of law – Due to war, whether declared or not or civil commotion – Engaging in hazardous sports or pastimes ,e.g. taking part in(or practicing for) boxing, caving, climbing, horse racing, jet skiing, martial arts, mountaineering, off site skiing, pot holing, power boat racing, underwater diving, yacht racing or any race, trial or timed motor sport. – PD due to accident must be caused by violent, external and visible means Accelerated Critical Illness Benefit -The ACI Benefit offers you coverage against 34 critical illnesses -This benefit is payable, on first occurrence of any of the
As we navigate life, we often find ourselves responsible for others – our families, our loved ones. And with that responsibility comes the inherent desire to protect them, come what may. This is where financial planning steps in, and one of its fundamental pillars is the term plan. In simple terms, With a term insurance plan, your family is financially protected. If the Life Assured passes away during the policy period, their beneficiaries( Nominee) receive a lump sum death benefit, ensuring their financial stability. It’s important to note that if the insured individual outlives the policy term, the insurer does not provide any benefit to them or their beneficiaries. If you’re new to the world of insurance, the jargon can feel overwhelming. But don’t worry, a term plan is simpler than you think. Let’s break down this essential financial tool for beginners. Key Features of a Term Plan Sum Assured: The amount your family will receive in case of your death. A term plan provides a sum of money (called the “sum assured”) to your nominated beneficiaries if you pass away during the policy term. That’s it. There are no investment components or maturity benefits.( I covered this in my other blog https://wealthinn.in/term-insurance-dont-be-fooled-into-buying-these-products/) Premiums: The amount you pay to keep the policy active. Usually paid annually or monthly. Because it’s pure protection, term plans are significantly more affordable than other life insurance products like endowment plans or ULIPs. You pay a relatively small premium for a substantial amount of coverage. Policy Term :  As the name suggests, a term plan covers you for a specific period (e.g., 10, 20, 30 years, or even up to 85 years of age). If you outlive the policy term, the plan simply expires, and no payout is made. Riders: These are the extra benefits that are there apart from the basic sum assured. These options can be chosen while purchasing a policy. Optional add-ons like critical illness cover, accidental death benefit, etc. Why Do You Need a Term Plan? The Power of “What If?” Consider these scenarios: Young Professional with Dependents: If you’re the sole earning member supporting your parents or a young family, your sudden demise could leave them in a financially vulnerable position. A term plan ensures they have funds to cover daily expenses, loan EMIs, and future goals. Home Loan or Other Liabilities: If you have outstanding loans, especially a home loan, a term plan can ensure your family isn’t burdened with these debts in your absence. The sum assured can be used to pay off these liabilities. Future Goals: Your children’s education, their marriage – these are significant financial goals. A term plan can act as a contingency fund, ensuring these aspirations can still be met even if you’re not around. Essentially, a term plan answers the crucial “what if?” question, providing peace of mind knowing your loved ones will be financially secure. Key Factors to Consider When Choosing a Term Plan: Now that you understand the basics, here are some important aspects to keep in mind when selecting a term plan: Sum Assured: How Much Coverage Do You Need? This is perhaps the most critical decision. A general rule of thumb is to have a sum assured that is at least 10-15 times your annual income. However, also consider your outstanding loans, future financial goals, and your dependents’ needs. It’s always better to be adequately insured than under-insured. ( I have covered how much do you need in my blog https://wealthinn.in/understanding-life-insurance-a-guide/) Policy Term: How Long Do You Need Coverage? Align the policy term with your major financial responsibilities. If you have a home loan for 20 years, consider a plan for at least that duration. If your children are young, you might want a term that covers their education and initial years of employment. Do not buy policy terms beyond the time your liabilities are over, it will only cost you but won’t help you. Premiums: Can You Afford It? While term plans are affordable, compare premiums across different insurers. Don’t just go for the cheapest option; consider the insurer’s claim settlement ratio as well. Cheap is never the best. Choose an insurer who would pay your family in your absence without much issues to your family. After you your family should not suffer from another mental trauma!!! Claim Settlement Ratio (CSR): How Reliable is the Insurer? A high CSR (preferably above 95%) indicates that the insurance company efficiently settles claims. This is a crucial metric, as the whole purpose of a term plan is to ensure your family receives the payout when they need it most. You can find this data on IRDAI’s annual reports. We can help you with same. Riders: Add-ons for Enhanced Protection (Optional) Many insurers offer riders that you can add to your term plan for an extra premium. Common riders include: Accidental Death Benefit Rider: Provides an additional sum assured in case of death due to an accident. Critical Illness Rider: Pays out a lump sum if you’re diagnosed with a pre-defined critical illness. Waiver of Premium Rider: If you suffer a permanent disability or a critical illness, future premiums are waived, but the policy continues. Not just limited to these riders there are beyond these , but do you need them or they are just marketing gimmicks. You can learn by just asking us. The Bottom Line: Don’t Delay! A term plan is not an expense; it’s an investment in your family’s future security. It’s a testament to your love and responsibility. The younger you are when you buy a term plan, the lower your premiums will be. So, if you haven’t considered a term plan yet, now is the time. Speak to us, click this link , compare policies online, and secure your loved ones’ financial well-being today. It’s one of the most sensible financial decisions you’ll ever make.
Manipal Cigna LifeTime Amount Remark Max cover 50/75/100/150/200/300 L 50/75/100/150/200/300 L 50/75/100/150/200/300 L Age Child : 91 Days – 25 Years Adult : 18 years – 65 years Child : 91 Days – 25 Years Adult : 18 years – 65 years Child : 91 Days – 25 Years Adult : 18 years – 65 years Waiting Period 30 days 30 days 30 days Pre existing diseases 24 months 24 months 24 months Specified diseases 24 months 24 months 24 months Bariatric surgery waiting period 24 months ( Add on) ( Health +) 24 months ( Add on) ( Health +) 24 months ( Add on) ( Health +) Maternity waiting period NO NO NO Mental illness cover waiting period NA NA – cover pertains to IPD coverage for anxiety, stress, depression OPD waiting period 30 days 30 days 30 days Dental OPD waiting period 30 days 30 days 30 days Critical illness waiting period 90 days( add on) – survival waiting period of 30 days 90 days( add on) – survival waiting period of 30 days 90 days( add on) – survival waiting period of 30 days Pre Policy medical Test After 55 years no charges on test. even if policy is rejected Co -payment No No No Deductibles ADD on 5/10 L 5/10 L Aggregate Deductible Not applicable health check up Premium waiver option Optional packages – Healh+, Women+, Critical illness add on rider, First claim SI SI + Bonus SI + Bonus SI + Bonus Maximum claim SI/ Restored SI + Bonus SI/ Restored SI + Bonus SI/ Restored SI + Bonus Room Rent caping Yes / Add on (360 Advance) upto SI, – SI upto 2 Cr any room except suite or higher category – SI 2 cr to 3 cr covered any room category -Add on (360 Advance- Any Category Room ) – SI upto 2 Cr any room except suite or higher category – SI 2 cr to 3 cr covered any room category including suite rooms – Rider health 360 advance – any room category If the Insured Person is admitted to a room category higher than the one specified in the Policy Schedule, the Policyholder/Insured Person shall bear a ratable proportion of the total Associated Medical Expenses (including surcharge or taxes) in proportion to the difference between the room rent of the entitled room category and the room rent actually incurred. ICU cover Yes upto SI upto SI Disease Based caping No No No IPD Yes / Add on (360 Advance) upto SI, – SI upto 2 Cr any room except suite or higher category – SI 2 cr to 3 cr covered any room category -Add on (360 Advance- Any Category Room ) a. Reasonable and Customary charges for Room Rent for accommodation in Hospital room up to room category as per the Sum Insured1. b. Intensive Care Unit charges, c. Operation theatre charges, d. Fees of Medical Practitioner/ Surgeon, e. Anaesthetist, f. Qualified Nurses, g. Specialists, h. Cost of diagnostic tests, i. Medicines, j. Drugs and consumables, blood, oxygen, surgical appliances and prosthetic devices recommended by the attending Medical Practitioner and that are used intra operatively during a Surgical Procedure.we will cover the expenses towards artificial life maintenance, including life support machine use, even where such treatment will not result in recovery or restoration of the previous state of health under any circumstances unless in a vegetative state, as certified by the treating Medical Practitioner.- Medical exnses related the eternal feeding is covered for max 15 days in a policy year Pre Hospitalisation 60 days upto SI upto SI Post Hospitalisation 180 days upto SI upto SI Day Care procedure Yes upto SI All day care treatment covered Advance technology method Yes upto SI – The following Modern and Advanced Treatment methods will be covered when availed under In-patient Hospitalization or as a Day Care Treatment: • Uterine Artery Embolization and HIFU • Balloon Sinuplasty • Deep Brain stimulation • Oral chemotherapy • Immunotherapy – Monoclonal Antibody to be given as injection • Intra vitreal injections • Stereotactic radio surgeries • Bronchial Thermoplasty • Vaporisation of the prostate (Green laser treatment or holmium laser treatment) • IONM ( Intra Operative Neuro Monitoring) • Stem cell therapy – Hematopoietic stem cells for bone marrow transplant for haematological conditions to be covered. Home care treatment NA NA NA Domiciliary treatment Healthcare Yes upto 10% SI i. The condition of the Insured Person does not allow a hospital transfer: or ii. Hospital bed was unavailable provided that the treatment of the Insured Person continues at least 3 days in which case the reasonable cost of any Medically Necessary treatment for the entire period shall be payable.-upto 10% SIThe following are not covered – • Asthma, bronchitis, tonsillitis, and upper respiratory tract infection including laryngitis and pharyngitis, cough and cold, influenza, • Arthritis, gout and rheumatism, • Chronic nephritis and nephritic syndrome, • Diarrhoea and all type of dysenteries, including gastroenteritis, • Diabetes mellitus and insipidus, • Epilepsy, • Hypertension, • Pyrexia of unknown origin. • Any use of artificial life maintenance including life support machine use. -Consumables Alternate treatment ( AYUSH) Yes Upto SI The following exclusions will be applicable in addition to the other Policy exclusions: i. Facilities and services availed for pleasure or rejuvenation or as a preventive aid, like beauty treatments, Panchakarma, purification, detoxification and rejuvenation. Organ Donor expenses Yes upto SI – Donor for harvesting the organ – No pre and post covered – No cost in consequent to harvesting – Stem cell donation even if medically neccesaary except bone marrow transplant – No cost coverage organ transportation or preservation expenses – No cost for donor screening , cost of acquisition of organ. any medical complication during harvesting of organ Road Ambulance Yes upto SI – to nearest Hospital – Diagnostic centre for advanced diagnostics – to move to better hospital due to lack of super speciality treatment in current hospital – The neccessaity of use
Last week, a significant report hit the financial wires: the India Protection Quotient (IPQ) 7.0, a collaborative effort by Axis Max Life Insurance Ltd. and KANTAR, the world’s leading marketing data and analytics company. The report can be accessed on the link (https://www.axismaxlife.com/maxlife-ipq). This year’s IPQ offers an invaluable deep dive into the evolving financial preparedness of urban India, revealing both encouraging progress and critical areas that still demand our collective attention. The Bright Spots: Urban India’s Growing Financial Resilience The IPQ 7.0 paints a largely optimistic picture of how urban Indians are approaching financial security. We’re seeing some truly positive trends: Record-High Protection Quotient: Urban India’s Protection Quotient has made an impressive leap to 48, up significantly from 35 in 2019. This growth is largely fueled by a deeper adoption of term insurance and the growing influence of digital platforms in financial decisions. Surging Life Insurance Ownership: For the first time, life insurance ownership has reached an all-time high, with a remarkable 78% of urban Indians now owning one or more life insurance products. This clearly indicates a broadening acceptance and understanding of its importance. Improved Financial Literacy: The Knowledge Index, a key indicator of financial awareness, has improved to 63 (up by two points), signifying that urban Indians are becoming more knowledgeable about life insurance and its benefits. Prioritizing Protection Over Price: Perhaps the most compelling shift is the change in consumer mindset. For the first time, 3 out of 4 urban Indians are prioritizing ‘cover’ over ‘cost’ when purchasing term life insurance. With 56% expressing confidence in their existing protection, it signals a growing maturity in how individuals view and secure their financial future. Gen-Z Leads with Proactive Planning: The youngest adult cohort, Gen-Z, is emerging as a standout. They boast a Protection Quotient of 41, with two-thirds already owning life insurance. Their strong intent toward mid-term goals like buying a house, a car, or planning vacations, coupled with their early adoption of protection, is truly commendable. Regional Shifts and Strengths: South India continues its seven-year lead, driven by increased term insurance (33% to 37%) and savings product ownership (42% to 46%). West India has shown significant strides, achieving the highest term plan ownership ever recorded in IPQ history at 41%. North India also improved its Protection Quotient through better term plan uptake (28% to 31%). East India, however, remains an area requiring more focused intervention, with stagnant ownership despite growing awareness. Salaried vs. Self-Employed: While the salaried class maintains a lead in Protection Quotient, it’s encouraging to see the self-employed segment showing gains in financial security, though there’s still a gap in their overall insurance ownership. The Unfinished Agenda: Challenges and Overlooked Realities Despite these encouraging numbers, the IPQ 7.0 also sheds light on some critical issues that demand our immediate attention and a more nuanced discussion: The Affordability Hurdle: A significant concern is that nearly 1 in 4 individuals still cite term insurance affordability as a major hurdle, with an increase in those (from 21% to 25%) feeling a lack of funds. This raises a pertinent question: in an era where consumers are readily embracing EMIs for discretionary pleasures like new phones, why is a crucial protection for family security still considered “too costly”? This paradox highlights a need for better education on value vs. perceived cost. The Gender Protection Gap: The report underscores a concerning disparity. While men saw their Protection Quotient rise to 50 (from 47), working women’s Protection Quotient remained stagnant at 48. Furthermore, women reported lower financial security for key life milestones such as retirement, children’s education, and marriage. This discrepancy points to a persistent oversight: the invaluable financial contribution of working women to families is often still undervalued or not adequately covered in family financial planning. Low Insurance penetration in North : It seems the geographic divide the people of north still need to think about buying insurance for protection of family. Though it had improved better with term plan foundation which i believe is a good signal. Time for Deeper Questions and Inclusive Planning These findings make it abundantly clear that while awareness is rising, there’s a vital need for individuals to engage with qualified financial advisors. Advisors can help demystify complexities and facilitate truly effective planning. It’s high time we integrate some fundamental, often overlooked, questions into every financial discussion: How much protection is truly sufficient for a family’s unique needs? Why is the wife’s insurance not consistently considered and prioritized while planning a family’s overall financial protection? Making insurance a part of more holistic financial planning rather than just looking as a standalone instrument ? We need to move beyond outdated norms and ensure that financial protection is optimised for the entire family unit, recognising and covering the contributions of all members, not just the primary earner. If you are stuck or not able to find how to by life insurance plan do reach out to me. I would help you out with the same. Reach out to us today.
Imagine a future where your financial well-being isn’t a constant source of worry, where you feel confident in your ability to navigate life’s uncertainties, and where your long-term goals seem within reach. For many, this vision of a secure financial future encompasses a comfortable retirement, the capacity to handle unexpected expenses without significant disruption, and perhaps even the ability to leave a lasting legacy for loved ones or support causes that matter most. Achieving such security in today’s complex financial landscape can feel overwhelming, but there is a professional who can help you chart a course toward these aspirations: a wealth management advisor. Demystifying the Wealth Management Advisor Wealth management advisors are professionals who offer personalized financial advice and services to individuals with significant assets. These professionals play a crucial role in assisting clients with various aspects of their financial lives, including Investment management, Retirement planning, Tax strategies, Estate planning. Their primary aim is to simplify complex financial matters, providing highly personalized support and strategies tailored to each client’s unique circumstances, goals, and priorities. With expertise spanning finance, accounting, and even law in some cases, wealth management advisors offer comprehensive guidance that extends beyond simple investment advice. They often coordinate a range of financial services, acting as a central point of contact to manage a client’s assets holistically and create a strategic plan that addresses both current and future needs. It’s important to understand the nuances between a wealth advisor and a general financial advisor. While both types of professionals aim to help clients achieve their financial goals, wealth managers are often considered a subset of financial advisors who typically serve more affluent clients. Wealth managers tend to offer a more in-depth analysis of financial plans, bringing additional tools and specialization that are particularly beneficial for individuals with higher net worth. Their services may extend beyond basic financial advice to include areas like sophisticated estate planning, tax optimization, and long-term legacy planning. In contrast, financial advisors may work with a broader range of individuals across varying income levels. Wealth management often involves a more comprehensive and hands-on approach, reflecting the complexity and scale of the financial lives they manage. The Comprehensive Services Offered by Wealth Management Advisors Personalised Financial Plan : A cornerstone of wealth management is the creation of a personalized financial plan, acting as a detailed roadmap to help clients achieve their specific objectives. This process begins with the advisor gaining a thorough understanding of the client’s unique goals, risk tolerance, and overall financial situation. Based on this understanding, wealth management advisors develop tailored strategies that utilize a diverse array of financial products and services to help clients reach their aspirations. These plans are not static; they are designed to be dynamic tools that evolve alongside the client’s life circumstances and changing needs. They support not only financial goals but also reflect the client’s lifestyle, core values, and personal priorities. Strategic investment management : Strategic investment management is another critical service offered by wealth management advisors. These professionals work with clients to assess their tolerance for risk and then provide an investment strategy designed to help them achieve their financial goals. This involves not just selecting investments but also actively managing and planning investment portfolios with the aim of maximizing returns while adhering to the client’s risk parameters. A key element of this service is diversification, spreading investments across various asset classes to mitigate risk and enhance the potential for long-term growth. Wealth management advisors also provide ongoing monitoring and rebalancing of these investments to ensure they remain aligned with the client’s objectives and adapt to changing market conditions. For eligible clients, they may also offer guidance on a range of investment vehicles, including alternative investments, to further diversify and potentially enhance portfolio returns. Retirement Planning : Retirement planning is a significant focus for wealth management advisors, as they help clients create a comprehensive blueprint for a financially secure and worry-free future. This involves a thorough analysis of the client’s projected needs after retirement, along with their current income, spending habits, and savings. Advisors identify the types of retirement accounts best suited to the client’s needs and develop strategies to maximize their retirement savings. Recognizing the increasing costs of healthcare in retirement, wealth management advisors also play a vital role in helping clients plan for these significant expenses. Furthermore, they assist in establishing retirement income strategies, outlining how clients can best access their savings to create a sustainable income stream throughout their retirement years, and developing appropriate withdrawal plans. Estate Planning : Estate planning and wealth transfer are also crucial services offered by wealth management advisors. They help clients develop clear plans for the transfer of their wealth, including strategies for charitable giving and managing estate taxes, all in alignment with their values and wishes. Wealth management advisors often coordinate with estate planning attorneys to assist clients in the creation of wills, trusts, and other necessary legal documents to ensure their assets are distributed according to their intentions. They also help clients evaluate the effectiveness of their existing estate plans, assessing asset titling and beneficiary designations to ensure a smooth and efficient transfer of wealth. A significant aspect of this service involves helping clients minimize the impact of estate and inheritance taxes through various advanced planning strategies. Tax optimisation : Tax optimisation is another key area where wealth management advisors provide valuable assistance. They often coordinate with a client’s tax professionals to develop strategies aimed at minimising their overall tax obligations. This involves identifying opportunities for tax efficiency across various aspects of their financial lives, including income, investments, and estates. These strategies may include the strategic placement of assets in tax-advantaged accounts, as well as optimising the timing and methods of retirement distributions to reduce tax liabilities. Protecting wealth : Protecting wealth is just as critical as growing it, and wealth management advisors employ a range of risk management and insurance strategies to safeguard their clients’ assets against unforeseen circumstances. This includes a thorough assessment of potential
Before we discuss this edition we did our analysis , the earlier we did our analysis about 6 months back. You can read the blog mid cap fund analysis 2024 an analysis.  Certain fund which were under discussion have been removed as they could not keep either the returns or fund size was not considerable. HSBC Midcap Fund Reg growth PGIM India Mid Cap Opp Fund Reg growth ITI Mid Cap Fund Reg – I have included this fund as it was very new fund and it was top performer on 1 year basis, but now is bottom performer. This goes to show that top performer lose next year and we have to find fund which can help us build wealth I have included below funds which have been top performer. Invesco India Mid Cap Fund (G) WhiteOak Capital Mid Cap Fund Reg (G) As always refer to a advisor or reach out to me to help you with best portfolio. Fund Name Year Of inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE ratios Exit Load Benchmark HDFC Mid Cap Opportunities Fund 2007 4 72,610.08 cr 1.42% 20.91 1% for redemption within 1 year NIFTY MidCap 150 Index(Total Returns Index) Motilal Oswal Midcap Fund Reg 2014 5 26,028.34 cr 1.57% 41.71 1% for redemption within 1 year Nifty Midcap 150 TRI Nippon India Growth Fund 1995 4 33,174.74 cr 1.58% 24.41 1% for redemption within 30 days Nifty Midcap 150 TRI Edelweiss Mid Cap Fund 2007 5 8633.85 1.7% 12.16 1% for redemption within 90 days Nifty Midcap 150 TRI Quant MidCap Fund 2008 1 8,355.95 1.78% 22.27 0.5% for redemption within 90 days Nifty Mid Cap 150 TRI Kotak Emerging Equity (G) 2007 3 48,128.71 1.46 26.17 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days Nifty Midcap 150 TRI Axis Mid cap fund(G) 2011 3 28,063.01 1.58 18.93 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days BSE 150 Midcap TRI SBI Magnum MidCap Fund Reg (G) 2005 3 20,890.26 1.67 30.97 1% for redemption within 1 year Nifty Midcap 150 Index (TRI) Invesco India Mid Cap Fund (G) 2007 5 5779.32 1.82 32.13 For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days BSE 150 Midcap TRI WhiteOak Capital Mid Cap Fund Reg (G) 2022 – 2744.56 1.96 21.86 1% for units redeemed before 1 month BSE Midcap 150 TRI ITI Mid Cap Fund Reg (G) 2021 4 1091.64 2.07 12.60 1% for redemption within 1 year Nifty Midcap 150 TRI HDFC Mid Cap Opportunities Fund : The fund was launched in 2007 enjoys 5 star rating from CRISIL, Portfolio size of 72,610 cr one of the biggest fund sizes. Expense ratio of the fund is 1.42%. The exit load is 1% for redemption before 1 year. Fund PE IS 20.91 MotilalOswal Mid cap fund: The fund was launched in the year 2014, its 5 star rating by CRISIL. The fund size is 26,028.34 Cr. The expense ratio is 1.57% , PE of the fund is 41.71. Exit load is 1 % for redemption within 1 year . Nippon India Growth Fund : The fund was launched in the year 1995, one of very early funds in the industry,4 star rated by CRISIL, good fund size of 33,174 cr. The expense ratio is 1.58% . The PE of the fund is 24.41. The exit load applicable is 1% for redemption within 30 days. Edelweiss Mid Cap Fund : The fund was launched in the year 2007, It is currently 5 star rated by CRISIL, with a decent fund size of 8633 cr. The expense ratio of the fund is 1.7%. PE of the fund is 12.16. Exit load applicable is 1% for redemption within 90 days. Quant MidCap Fund: The fund was launched in the year 2008, its currently 1 star rated by CRISIL, has a decent portfolio size of 8,355.95 cr. Expense ratio of 1.78% and PE of the fund is 22.27. The fund exit load is 0.5% for redemption within 90 days. Kotak Emerging Equity : The fund was launched in the year 2007, 3 star rated by CRISIL, second highest fund size in the category, expense ratio of 1.46%. PE of 26.17. The Exit laid applicable units in excess of 10% of investment 1% would be charged for redemption with in 365 days Axis Mid cap fund Fund: The fund was launched in the year 2011, 3 star CRISIL rated, with a great fund size of 28,063.01 cr. The expense ratio of the fund is 1.58. PE of the fund is 18.93. Exit load on the fund is For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days. SBI Magnum MidCap Fund: The fund was launched in 2005, a 3 star rated fund. Good fund size of 20,890.26 cr. Expense ratio of 1.67. PE of the fund is 30.97. The exit load applicable on the fund is 1% for redemption within 1 year. Invesco India Mid Cap Fund (G): The fund was launched in 2007 , it is rated 5 star from CRISIL.Fund size of 5779.32 Expense ratio is 1.82. PE of 32.13. The exit load applicable on the fund is For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days WhiteOak Capital Mid Cap Fund Reg (G): The fund was launched in the year 2022, It is not rated as per CRISIL, The fund size of 2744.56cr. The expense ratio of the fund is 1.96. PE of the fund is 21.86. The exit load on fund is 1% for units redeemed before 1 month ITI Mid Cap Fund Reg (G) : This fund was launched in the year 2021. It is rated as 4 star by CRISIL, with a very small fund
Are you feeling overwhelmed by your finances? Ever feel like you’re juggling a million financial balls in the air? Savings, investments, retirement, taxes… it can get overwhelming, right? Do you have big dreams for the future but aren’t sure how to get there? If so, you’re not alone. Many people find it challenging to manage their wealth effectively. That’s where a wealth management advisor comes in. Think of a wealth management advisor as your financial partner, someone who provides expert guidance and support to help you achieve your financial goals. They’re not just for the ultra-rich; they can benefit anyone who wants to build a secure financial future. Let’s break down the top 10 reasons why having a wealth management advisor in your corner today can be a game-changer: Get Crystal Clear on Your Big Picture: What does your ideal future look like? Maybe it’s retiring early and traveling the world, or perhaps it’s ensuring your kids have a debt-free start to their adult lives. A wealth management advisor helps you define these often-vague dreams into concrete, achievable financial goals. For instance, they might help you calculate exactly how much you need to save each month to retire comfortably by age 60. Personalized Financial Strategy You wouldn’t build a house without a blueprint, so why navigate your financial life without one? A wealth management advisor will work with you to create a comprehensive financial plan. This isn’t just about investments; it’s about understanding your entire financial ecosystem – your income, expenses, debts, and assets – and how they all work together. Imagine having a clear, step-by-step guide to reach your financial milestones. Expert Navigation Through Financial Storms: Life is full of surprises, and sometimes those surprises have financial implications. Whether it’s a job loss, a sudden death, or a major market downturn, a wealth management advisor can provide objective guidance and help you make sound decisions during challenging times. Think of them as your steady hand on the wheel when things get rocky. Smart Investment Strategies Tailored Just for You: Investing isn’t one-size-fits-all. A wealth management advisor takes the time to understand your risk tolerance, time horizon, and financial goals to build a diversified investment portfolio that aligns with your unique circumstances. For example, if you’re young and have a long time horizon, they might recommend a portfolio with a higher allocation to growth stocks. Unlock Tax-Saving Secrets: Taxes can take a significant bite out of your wealth. A knowledgeable wealth management advisor can help you implement tax-efficient strategies, from choosing the right types of investment accounts to exploring potential deductions and credits. This can translate into significant savings over time. Retire with Confidence and Security: Retirement might seem far away, but planning for it now is crucial. A wealth management advisor can help you determine how much you need to save, explore different retirement income streams, and create a plan to ensure you have the financial freedom to enjoy your post-working years. Protect What Matters Most: What would happen to your loved ones if the unexpected occurred? A wealth management advisor can help you assess your insurance needs (life, disability, long-term care) and guide you in creating an estate plan, including wills and trusts, to protect your family and ensure your assets are distributed according to your wishes. An Unbiased Voice in a Noisy World: It’s easy to get swayed by the latest investment trends or emotional reactions to market news. A wealth management advisor provides an objective and rational perspective, helping you stay focused on your long-term goals and avoid impulsive decisions that could derail your financial plan. Reclaim Your Precious Time: Let’s be honest, managing your finances effectively takes time and effort. By partnering with a wealth management advisor, you can offload the burden of research, analysis, and ongoing management, freeing up your time to focus on what truly matters to you. Stay on the Path to Success with Ongoing Support: Your financial journey isn’t a one-time event; it’s an ongoing process. A wealth management advisor provides continuous support, monitors your progress, and makes adjustments to your plan as your life circumstances and the market evolve. They’re your long-term partner in achieving your financial aspirations. Ready to Take Control of Your Financial Future? If any of these reasons resonate with you, it might be time to consider partnering with a wealth management advisor. You need not look further; you can hear what our customer says about our services. What are your biggest financial concerns right now? Let’s think about it and contact us to learn about the same.
A recent insightful article in the Wealth Edition of the Economic Times explored the crucial topic of financial planning for foreign education, covering aspects like funding, insurance, loans, and study destinations. Building on this foundation, this article will delve deeper into the financial strategies essential for funding any child’s education, whether at home or abroad. The desire for quality education for their children is a strong one for most parents. The HSBC Quality of Life Report 2024 highlighted this, revealing that a significant 78% of parents are either actively planning to send their children for overseas education or already have a child studying abroad. However, pursuing education, especially internationally, can be a substantial financial undertaking, particularly for families who haven’t planned diligently. For those who haven’t prepared at all, the situation can be even more challenging. The Cost of Delay: Why Procrastination Can Derail Dreams Regrettably, many parents only begin to consider the financial implications of their child’s educational aspirations when those dreams are almost within reach. By then, they often find themselves lacking the necessary resources to provide adequate support. This can lead to the heartbreaking scenario of a child’s ambitions being curtailed, or families being forced to explore less desirable alternatives. Consider the pitfalls of delayed planning: Education Loans with High Interest: Education loans can come with significant interest rates, ranging from 8.20% to 13.70%, and may be secured or unsecured. This can place considerable pressure on young graduates who are just starting their careers and are immediately burdened with debt repayment. Raiding Retirement Funds: A Dangerous Gamble: Another tempting but ill-advised option is for parents to dip into their retirement savings, such as funds in PPF or EPF. This is a critical mistake, as retirement security cannot be recovered through loans later in life. If facing such a dilemma, securing an education loan today is a far more prudent choice than jeopardizing your future financial stability. If you are stuck with the above option taking a loan today is better not to use your Retirement corpus. Understanding the Spectrum of Educational Costs: When formulating your financial plan, it’s essential to consider the full range of expenses involved: Tuition Fees: The Cornerstone Expense: This will invariably be the most significant component of your educational budget. These fees fluctuate considerably based on the chosen course, the institution, and the country of study.  Accommodation: A Major Variable: Whether your child studies domestically or internationally, accommodation costs represent another substantial expense. While some institutions offer on-campus housing, many students, especially those abroad, need to seek off-campus options, with varying associated costs.  Cost of Living: Beyond Tuition and Housing: Students will also incur daily living expenses, including food, transportation, and recreational activities, which need to be factored into your planning.  Health Insurance: A Non-Negotiable Expense: Health insurance is typically a mandatory cost, especially for students pursuing education abroad. The Impact of Inflation and Currency Fluctuations: When planning for your child’s future education, it’s crucial to acknowledge the eroding effect of inflation on all the aforementioned expenses. Furthermore, for overseas education, currency depreciation can significantly inflate costs. Some sources suggest that these costs can inflate by as much as 10% annually, a rate considerably higher than general inflation.  (https://www.gyandhan.com/blogs/inflation-and-exchange-rate-effect-on-study-cost-in-usa) Therefore, proactive financial planning for your children’s education is not just advisable; it’s a necessity, regardless of whether their academic path leads them to local institutions or universities across the globe. It’s about strategically preparing to empower their academic journey without jeopardizing your own financial well-being. Why Early Planning is Crucial: The earlier you begin planning for your child’s education, the greater the benefits: Power of Compounding: Starting early allows your investments to benefit from the magic of compounding. This means that the earnings on your initial investment also start earning returns, leading to exponential growth over time.  Smaller Contributions Over Time: Spreading your savings over a longer period means you can contribute smaller amounts regularly rather than facing a large financial burden closer to their educational years. More Investment Options: With a longer time horizon, you have more flexibility to explore various investment options that may carry slightly higher risk but also the potential for greater returns. Reduced Financial Stress: Knowing you have a plan in place can significantly reduce the stress and anxiety associated with funding your child’s education as they get older.  Flexibility to Adapt: Early planning allows you to adapt your strategy if your child’s educational path changes or if unforeseen circumstances arise.  Key Steps in Financial Planning for Education: Define Your Child’s Potential Educational Path and Estimate Costs: While it’s impossible to predict the future with certainty, start by considering the potential educational pathways your child might pursue. Will they attend private or public primary and secondary schools? Are you envisioning a local college or one out of state or even overseas? Research current education costs and factor in inflation. Historical inflation rates for education can provide a guideline, but it’s wise to err on the side of caution and project a reasonable increase. For example, if a bachelor’s degree currently costs ₹15 lakh, estimate what it might cost in 15-18 years, considering an average inflation rate of, say, 5-7% per annum. Don’t forget to include associated costs like accommodation, books, supplies, and living expenses if they plan to study away from home. Assess Your Current Financial Situation: Take a clear look at your current income, expenses, savings, and debts. Understand how much you can realistically allocate towards your child’s education fund without compromising your other financial goals, such as retirement planning or emergency savings. Identify potential sources of funding, including your regular income, existing savings, and any potential future inheritances or windfalls. Set Clear Financial Goals and Timelines: Based on your estimated costs and current financial situation, set specific financial goals for each stage of your child’s education (e.g., saving ₹X by the time they finish high school, ₹Y by the time they start their undergraduate degree). Establish clear timelines for achieving these goals. This will
Mirae Asset Hang Seng TECH E T F FOF Reg (G) Fund Name Year Of inception Portfolio Size ( In Cr ) Expense ratio Minimum Investment Exit Load Mirae Asset Hang Seng TECH E T F FOF Reg (G) 08-12-2021 93 0.53 ₹5,000/- and in multiples of ₹1/- thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹1/- thereafter 0.5% if redeemed within 3 months ,NlL if redeemed after  The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Hang Seng TECH ETF. There is no assurance that the investment objective of the Scheme will be achieved. Asset allocation : Instruments Indicative allocations (% of total assets) Minimum Maximum Units of Mirae Asset Hang Seng TECH ETF 95 100 Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds 0 5 Fund managers : Ekta Gala Akshay Udeshi MIRAE ASSET HANG SENG TECH ETF – (Exchange Traded Fund (ETF) – An open ended scheme replicating/tracking Hang Seng TECH Total Return Index (INR)) Scrip : NSE Symbol: MAHKTECH , BSE Scrip Code: 543414 Launch date : 6th December 2021 Net AUM : 382.84 cr. Tracking Error : 0.13% Fund manager : Mr Siddharth Srivastva Hang Seng TECH Index represents the 30 largest technology companies listed in Hong Kong that have high business exposure to technology themes and pass the index’s screening criteria. Tencent Holdings Ltd. 8.30% JD.com Inc 8.23% Alibaba Group Holding Ltd. 8.21% Xiaomi Corporation 7.98% Meituan 7.93% Semiconductor Manufacturing International Corp 7.34% Kuaishou Technology 6.54% Li Auto Inc 5.49% XPeng Inc 5.12% Netease Inc 4.39% Other Equities 30.46% Equity Holding Total 99.99% Cash & Other Receivables 0.01% Total 100.00% Scheme Sub Category Expense Ratio 6 months 1 year 2 years 3 years 5 years 7 years 10 years Mirae Asset Hang Seng TECH E T F FOF Reg (G) Equity: Global 0.53 14.76 70.26 21.91 16.23 HDFC Nifty 50 Index Fund (G) Equity: Index 0.32 -2.46 8.85 17.85 12.35 22.66 13.26 11.97 Taxation : Effective July 23. 2024 Holding period <2 Year, STCG – Tax slab >2 Year, LTCG- 12.5% The fund is not accepting investment as of now Edelweiss Europe Dynamic Equity Off-shore Fund Reg (G) Fund Name Year Of inception Portfolio Size ( In Cr ) Expense ratio Exit Load  Edelweiss Europe Dynamic Equity Off-shore Fund Reg (G) 07 Feb 2014 110 Cr 1.41 Rs. 100/- per application  The primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds – Europe Dynamic Fund, an equity fund which invests primarily in an aggressively managed portfolio of European companies.  Asset allocation : Instruments Indicative allocations (% of total assets) Minimum Maximum Shares of the Underlying Fund i.e. JPMorgan Funds – Europe Dynamic Fund 95 100 Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds 0 5 Fund manager : Mr. Bhavesh Jain Mr. Bharat Lahoti JPMorgan Funds – Europe Dynamic Fund I (acc) – EUR, which is holding 67 equity, large cap funds Country Allocation : ( 31 Mar 2025) Germany 25.42 United Kingdom 21.97 France 12.59 Switzerland 9.18 Netherlands 7.86 Italy 6.28 Spain 4.36 Denmark 2.87 Russia 2.47 Finland 1.78 Ireland 1.61 Sweden 1.43 US 1.42 Norway 0.75 Total 99.99  Top Holding sectors :  Financial services 26.13 Industrial 12.29 Healthcare 10.64 Consumer Defensive 10.24 Consumer cyclical 9.28  Top Holding companies :  Stock Name Sector %antage holding Shell PLC Energy 3.95 SAP SE Technology 3.94 Novartis AG Registered Shares Healthcare 3.26 Munchener Ruckversicherungs- Gesellshaft AG Financial Services 2.93 Allianz SE Financial Services 2.91  Taxation :  Effective July 23. 2024 Holding period <2 Year, STCG – Tax slab >2 Year, LTCG- 12.5% Scheme Sub Category Expense Ratio 6 months 1 year 2 years 3 years 5 years 7 years 10 years Edelweiss Europe Dynamic Equity Off-shore Fund Reg (G) Equity: Global 1.41 7.91 16 13.63 13.56 17.01 9.18 7.7 HDFC Nifty 50 Index Fund (G) Equity: Index 0.32 -2.46 8.85 17.85 12.35 22.66 13.26 11.97  This Fund is accepting the investments  ICICI Pru Global Advantage Fund (G) Fund Name Year Of inception Portfolio Size ( In Cr ) Expense ratio Minimum Investment ICICI Pru Global Advantage Fund (G) 07-Oct-19 338 1.33% Rs 100 (plus in multiples of Re.1) ICICI Prudential Global Advantage Fund (FOF) (the Scheme) is a Fund of Funds scheme with the primary objective to generate returns by investing in units of one or more mutual fund schemes / ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which predominantly invest in international markets. A certain corpus of the Scheme will also be invested in units of domestic mutual fund schemes/ETFs managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s). Asset Allocation :  Instruments Indicative allocations (% of total assets) Minimum Maximum Units of mutual fund schemes as stated below 95% 100% a) Units of mutual fund schemes/ETFs which have the mandate to invest predominantly (at least sixty five percent of the net assets of the schemes) in equity and equity related securities in international markets 80% 100% b) Units of equity oriented schemes#/equity oriented ETFs which invests in equity and equity related securities in domestic markets 0% 20% c) Units of debt oriented/hybrid Mutual fund Schemes/ETFs 0% 20% Money Market Instruments (with maturity not exceeding 91 days) including TREPS*, cash & cash equivalents 0% 5% The indicative list is highlighted below: Aditya Birla Sun Life Commodity Equities Fund – Global Agri Plan Aditya Birla Sun Life International Equity Fund – Plan A Franklin Asian Equity Fund ICICI Prudential US Bluechip Equity Fund Nippon India Japan Equity Fund Nippon US Equity Opportunities Fund Motilal Oswal Nasdaq 100 ETF Nippon ETF Hang Seng BeES Fund managers : Mr. Sankaran Naren Mr. Dharmesh Kakkad Sharmila D’mello Ms. Masoomi Jhurmarvala Current Portfolio