What to do and not to do in the case of motor vehicle Insurance claims

If you are involved in a motor vehicle accident somehow, it is important that you maintain appropriate communication with your insurance company. Following are some "do's and don'ts" to remember throughout the insurance claims process.

THE DO'S

DO call your agent as soon as an accident or injury takes place. As soon as you get home from the car accident, or even before you go to the doctor, call your agent.

DO review and understand your coverage before talking to your insurer or your agent. Read the "Coverage" and "Exclusion" sections of you policy in particular.

DO take and keep detailed notes of all conversations with insurance company representatives, and get names, phone numbers, and job titles of people you speak with, including their supervisor's name.

DO consider whether you might have insurance coverage under some other insurance policy as well. Many people have more than one policy that might cover a claim.

DO take pictures, if possible, of damage to your vehicle, the accident scene, and your injuries.

DO be honest and forthcoming with your insurer. Even if it is embarrassing, it is better if your insurer knows all the facts. Failing to be candid with your insurer might invalidate your policy or cause a denial of coverage.

DO understand the difference between replacement coverage and depreciated or actual cash value. If your policy provides replacement coverage, don't settle a personal property loss for "actual cash value."

 You may be required to replace the lost items before getting your full reimbursement if you have replacement cost coverage.

DO keep all receipts of meals, lodging, and purchases made in connection with time spent pursuing your claim or recovering from your injuries from the time of the covered event until final settlement with your insurance company.

THE DON'TS

DON'T give any recorded or written statements to your insurer until you are sure you understand your coverage. Remember you are not required to allow the insurance company to record your telephone conversation. If you have doubts, do consult an attorney.

Do not automatically accept the estimate or appraisal of your losses given to you by the insurer. Insurance companies will often try to get you to accept their estimator's or contractor's repair or replacement estimates, which might be a bit low.

DON'T sign any releases or waivers of any kind until you obtain legal advice. A bad financial situation after a major loss may make it seem necessary for you accept a premature, inadequate settlement from your insurer.

But you may remember destroyed items after you have signed a release as to payment for your personal property inventory or other claims.

For these reasons, it is advisable to consult an attorney before signing a release or waiver. Be sure to read the fine print on any payment from the insurance company.

DON'T accept any check that says "final payment" unless you are ready to do so.

DON'T ignore time limits set by your policy. Most policies require a signed proof of loss within a certain time limit. Be sure you comply with this requirement unless you obtain a written waiver from your insurance company.

Many policies allow you only one year from the date of loss in which to bring a legal action if your claim has not been adjusted fairly. 

If your claim has not been settled to your satisfaction eleven months after your loss, consult an attorney immediately. A failure to do so could result in the loss of your right to sue.

DON'T forget that you have a contract with your insurer. Your insurer has a legal obligation to provide the coverage it promised to you. Be insistent about enforcing that obligation.

 I sincerely  wish NONE OF MY READERS face a motor vehicle accident in life. 

Wealth Creation

The amount of wealth a person owns becomes the subject of envy or discussion amongst his peer group, friends and relatives.   There are only a lucky few who have become millionaires overnight or are actually born with a silver spoon. Rest of the affluent lot that we see around us have actually made it big for themselves by working hard and smart. They had plans clear while saving & investing for them over consumption and this is how over the years, they were able to amass wealth and become, what we in common parlance call, ‘Rich and Wealthy’. It is a truth universally acknowledged that wealth cannot be accumulated through addition but is created through multiplication.  This means that you can create wealth by judiciously investing your savings across different asset classes and not by adding cash to your Savings Bank A/c. As you embark on this goal to create wealth, first decide how much amount you want to accumulate and in how many years. Based on these details, calculate the amount that you should be saving / investing periodically and carry out the feasibility analysis of the result so attained. Thereafter, invest the amount in a suitable asset allocation towards the achievement of your goal of wealth creation. As you decide on the avenues to invest in, make sure that you consider the following factors towards making an informed decision:   Time Horizon:  It means the tenure for which you will invest your savings. The time horizon of your investments should match the time horizon of your goal.     Asset Allocation:           Choosing the right mix of asset classes, while keeping in mind your risk appetite is very important.   Power of Compounding:      As you invest systematically and regularly towards the achievement of your goals, you tend to benefit from the Power of Compounding, thereby improving the overall return on your investment.           How it works: By investing Rs.5000 per month for 5 years at an expected return of 15%, you can accumulate a corpus of Rs.4.05 lac and this same amount invested per month at same return expectation will grow to Rs.12.20 lac over a term of 10 years.  Also, the rate of return that you earn has a great bearing on the overall portfolio growth. Simply stated, if your goal is to create a significant amount of wealth, you should start investing for long period of time, in a variety of investment avenues, suiting your risk profile Prudent Asset Allocation is very significant to reach the desired goal.  It involves dividing an investment portfolio across different asset categories, such as stocks, bonds, cash and real estate, gold, etc. The process of determining the correct asset mix is completely dependent on how much risk you are able to take as well as the time horizon that you have in view. By including asset classes that are have low correlation or negative correlation; the investor can stabilize his overall portfolio return, thereby reducing the overall risk.  Historically, the returns of the major asset categories have not moved in the same direction at the same time.  So when equities are not faring well, you can find opportunity in debt instruments and if you have proportionately invested in both these asset classes, you are able to shield yourself against extreme movements in your portfolio. Finally, it is important to assess the performance of the investments at least once a year and if you see one investment option that is consistently under-performing, transfer your money to another one that performs consistently better.  However you must also remember that even the best investment options can sometimes undergo a period of underperformance. So even if you are advised to weed out the under-performers, don’t be too rash in your decisions.  At the least, re-evaluate your portfolio every year or two to give a better picture of their long-term performance and wealth creation. Plan now, before it is too late!

Why do stock reports come free?

There is a beautiful word once I heard at USIS, Delhi- called TINSTAFL (There is no such thing as free lunch). So I tried to find out the answer of this article headline of my own.

The very first question comes in my mind, “Are you the kind of person who relies on research reports brought out by stock broking firms to invest money in the stock market? “

Well, think twice before you do that again.

Things may not be as straight forward as they appear. To know the real story behind the entire business of broking houses bringing out research reports, read on.

What is a research report?

These days most broking firms that serve retail or institutional investors have a research team. This research team mainly tracks stocks and identifies investment opportunities for investors.

Analysts research companies by understanding their business, meeting the company management and running numbers to check if the current price of the stock is justified.

This research is communicated to both existing and prospective investors of the broking firm in the form of a report.

These reports typically carry a recommendation at the start, like buy, hold or sell. If the report flags a buy, the recommendation to the investor is to buy the stock. In case of a sell, the recommendation is exactly the opposite i.e., to sell the stock.

A hold recommendation comes somewhere in between and is meant for those investors who already have the stock. The recommendation to them is to hold on to their current investment and not to buy more.

Why is research reports brought out?

There are various reasons for a broking house to bring out research reports. Whenever a stock brokerage feels a stock is undervalued and clients could benefit by buying that particular stock, the reasons for buying the stock are put together in a research report.

A stock is supposed to be undervalued, when an analyst feels that the current business prospects of the stock are not reflected in the price of the stock.

Given this, they recommend that the stock should be bought because they expect the price of the stock to go up in the days to come.

There are brokers who primarily serve institutional clients. These brokers typically tend to cover large-cap stocks.

They bring out reports to update clients on the impact of recent developments, future concerns or business opportunities.

Stocks like Reliance Industries, Larsen & Toubro, Infosys and TCS are covered regularly by large broking houses.

These, of course, are some of the reasons why research reports are brought out.

Research does not pay always

Bringing out a good report with a compelling investment argument is a time-consuming process. A good analyst need to take anywhere between a week to month for making a research report.

Moreover, setting up a research team is a costly process for any broker. The cost involves buying databases which have the numbers necessary to carry out research.

 Hiring senior research analysts can also cost a bomb. And after incurring all these costs, a research report is given out free.

Brokerage reports are available free in India, so research is a cost centre.

So, why do stock broking firms spend so much money to bring out research reports and then give them away for free?

The real story behind the background

I have seen the genuine reasons why stock broking firms bring out research reports.

But there are other reasons as well.

 As Andy Kessler writes in the book, 'Wall Street Meat', "Companies report earnings once a quarter. But stocks trade around 250 days a year. Something has to make them move up or down the other 246 days.  Analysts fill that role.

They recommend stocks, change recommendations, change earnings estimates, pound the table – whatever it takes for a sales force to go out with a story so someone will trade with the firm and generate commissions."

Reports essentially are a medium which allows the sales force of the stock brokerage to go out in the market and sell stocks. And how does that help?

 For this, investors need to understand the business model of brokers. The prime & only objective of a research report is to induce a transaction.

Every transaction gives broking income to the broker, which are his bread and butter. A report is a tool to sell stocks.

The 'Buy' Recommendation

 In order to sell stocks to investors, it is very important for broking firms to keep coming up with buy recommendations on stocks.

As Mitch Zacks points out in his book 'Ahead of the Market', "A buy recommendation has more value to a brokerage firm because it gets the brokers on the phone selling stocks to new clients and opening new accounts."

A buy report ensures that the broking house has a chance to make far more money than it ever would by putting out a sell report on a stock.

This is because only those investors who have the stock will consider selling it, so the income will be limited to that extent. This, of course, does not hold for a buy report.

Also, at times, owners of stock broking firms own shares or the broking house owns shares for its portfolio management services' (PMS) clients.

 If a particular stock does not do well, it is quite possible that a broking firm may release a 'buy' report on the stock. This may tempt investors to buy the stock, thus boosting the stock price.

This will give the owner or the broking house an opportunity to sell out of the stock.

What investors need to be careful about?

This, of course, does not mean that no research report can be trusted. Over a period of time, savvy investors learn to separate the wheat from the chaff. The brokerage from where the report originates, tells me about the quality.

While seasoned investors may be able to differentiate one report from another, retail investors have to trust their broker.

So, what should a retail investor do?

Some large brokerages these days carry disclosures on whether they own a particular stock, if they are recommending it.

These reports also point out whether a sister firm of the stock brokerage has an investment banking relationship with the company. This is something that retail investors should look out for.

For retail investors, the only way out is to check the past track record of the brokerage house and then decide whether to trust the reports or not.

So, investors should thus be careful and do their own homework on the stock, rather than buy or sell because of an analyst recommendation.

As Zacks says, "One of the biggest and most correctable mistakes you can make using analyst recommendations is to allow the recommendations as a means by which brokers can sell you a stock. You may not fully realise that the more you trade, the more money your brokerage firm makes."

Wish this article will be your cup of tea!

NAV as on July 15, 2011

FUND EQUITY: DIVERSIFIED NAV Change RETURNS Size 3-Month 1-Year 3-Year Lifetime Equity: Large Cap DSPBR Top 100 Equity Reg 101.82 -0.31 -.12 7.51 18.74 32.02 3093.54 Franklin India Bluechip 215.50 -0.17 -2.01 8.13 21.52 25.04 4020.06 HSBC Equity 102.23 -0.26 -3.39 3.16 10.24 31.04 887.33 ICICI Pr Focused Blue Eq Retail* 16.62 0 -2.98 11.47 22.41 17.53 2545.23 Kotak 50 103.08 0.08 -.94 3.43 13.33 23.38 879.04 Reliance Equity Advantage Retail 13.02 -0.03 -1.78 4.81 15.47 6.94 1010.00 Sundaram Select Focus Reg 85.91 -0.26 -4.11 -.22 8.92 27.01 850.85 UTI Master Plus ‘91 83.96 -0.25 -1.98 6.59 13.85 13.60 904.52 Equity: Large & Mid Cap Axis Equity 10.91 -0.18 -1.71 -.37 - 5.88 722.57 Birla Sun Life Frontline Equity 88.23 -0.25 -2.42 5.30 20.81 27.79 2908.97 DSPBR Opportunities 86.42 -0.16 -1.01 4.03 19.01 21.30 743.13 Fidelity Equity 35.56 -0.12 -2.58 5.21 21.23 22.84 3368.19 Franklin India Flexi Cap 32.60 -0.11 -2.46 6.55 20.94 20.38 2002.92 Franklin India Prima Plus 222.03 -0.3 -1.54 7.66 19.22 20.26 1757.26 HDFC Top 200 211.40 -0.27 -2.23 7.12 24.22 24.69 11064.99 ICICI Prudential Dynamic* 108.95 0.43 -1.50 8.10 18.79 31.55 3814.40 Morgan Stanley Growth 61.03 -0.06 -3.81 -.56 12.57 12.86 1533.46 Reliance Equity 13.70 -0.12 -3.50 -8.90 6.49 6.11 1368.00 Reliance Vision 271.98 -0.16 .16 .89 17.38 23.29 2796.00 SBI Bluechip 14.31 -0.35 -2.98 -1.17 13.18 6.84 813.20 UTI Dividend Yield 32.40 -0.12 -2.44 8.65 23.81 20.87 3304.26 UTI Equity 55.44 -0.13 -.79 9.26 20.05 12.07 2027.07 UTI Leadership Equity 15.28 -0.07 -2.86 1.80 11.27 8.08 724.55 UTI Mastershare 54.32 -0.22 -1.84 6.61 16.37 20.05 2550.07 UTI Opportunities 27.67 -0.22 -.29 11.93 23.81 18.52 1575.52 Equity: Multi Cap Birla Sun Life Equity 254.20 -0.18 -4.41 -3.53 15.00 28.53 921.53 DSPBR Equity 49.56 0 .10 6.40 20.66 24.14 2622.86 Fidelity India Special Situations 18.60 -0.02 -1.89 4.42 17.80 12.80 835.45 Franklin India High Growth Com 12.84 -0.15 -1.57 3.34 18.25 6.49 726.21 HDFC Equity 281.11 -0.26 -1.68 8.70 27.14 22.34 9738.90 HDFC Growth 87.57 -0.34 -1.75 6.78 19.66 22.15 1339.46 HDFC Long-term Equity 16.57 -0.31 -1.47 8.21 19.46 9.75 739.48 Kotak Opportunities 45.76 -0.11 -2.04 1.89 14.20 24.86 923.67 Magnum Contra 55.13 -0.31 -2.80 -3.74 13.78 24.47 3128.54 Magnum Multiplier Plus 81.44 0.17 -.35 -.48 16.75 14.59 1166.20 Reliance Equity Opportunities 37.21 0.27 2.94 8.56 27.05 23.19 3032.00 Reliance Regular Savings Equity 30.63 -0.28 -1.65 1.97 19.40 20.13 3332.00 Tata Equity PE 47.66 -0.28 -2.24 2.91 18.82 24.81 729.79 Templeton India Equity Income 20.55 -0.42 -3.77 11.25 15.03 14.97 1133.34 Templeton India Growth 117.44 -0.29 -4.05 2.10 17.21 18.91 868.99 Equity: Mid & Small Cap Birla Sun Li Dividend Yield Plus 86.70 -0.01 .02 6.46 29.63 29.38 882.50 Birla Sun Life Mid Cap 110.30 0.27 1.07 .07 20.44 31.42 1624.03 DSPBR Small and Mid Cap Reg 18.36 0.15 1.48 6.82 25.65 13.90 1245.26 Franklin India Prima 277.37 -0.07 .59 2.02 19.51 20.74 807.08 HDFC Mid-Cap Opportunities 16.70 0.19 6.70 13.98 27.80 13.46 1443.65 ICICI Prudential Discovery* 49.89 0.79 .42 6.49 28.03 26.17 1767.05 IDFC Premier Equity 33.14 0.07 .54 8.01 23.50 22.96 2302.63 IDFC Small & Midcap Equity 19.13 0.62 2.31 6.78 29.19 21.32 1134.13 Magnum Global 59.28 0.25 5.72 8.43 18.46 14.17 971.05 Reliance Growth 454.73 -0.19 -2.90 -2.49 15.74 27.37 6958.00 Reliance Long Term Equity 15.58 0.12 -1.53 .05 16.54 10.23 1335.00 Sundaram Select Midcap Reg 157.94 0.05 3.88 7.99 22.86 35.91 2239.33 Equity: Tax Planning Birla Sun Life Tax Relief 96 78.29 0.15 -2.27 -3.93 15.23 29.66 1491.87 DSPBR Tax Saver 16.92 -0.06 -2.12 .17 16.40 12.43 831.32 Fidelity Tax Advantage 22.05 -0.09 -2.53 5.39 21.96 15.83 1238.64 Franklin India Taxshield 211.41 -0.26 -1.16 9.44 20.73 28.23 835.69 HDFC LT Advantage 139.81 0.11 -.25 9.00 19.59 28.44 944.64 HDFC Taxsaver 236.54 -0.24 -.28 6.41 24.47 32.91 3187.36 ICICI Prudential Tax Plan* 142.81 0.34 -.89 5.74 19.75 25.01 1323.19 Magnum Taxgain 59.68 -0.12 -2.12 -.52 13.59 18.23 5193.65 Reliance Tax Saver 21.59 0.09 .77 5.51 22.09 14.15 2128.00 Sundaram Taxsaver 42.90 -0.5 -2.19 -.29 13.66 20.23 1461.22 DSPBR World Gold Reg* 18.66 3.09 -.13 17.05 7.92 17.66 1000.17 Reliance Banking Retail 104.34 0.04 -5.08 13.82 36.10 33.38 1785.00 Equity: Infrastructure DSPBR T.I.G.E.R. Reg 44.36 -0.07 -3.82 -7.12 11.19 23.36 2087.48 HDFC Infrastructure 11.64 -0.26 -3.90 -3.55 17.23 4.63 1020.19 ICICI Prudential Infrastructure* 29.07 0.69 -4.28 -1.79 8.56 19.92 2844.17 Reliance Infrastructure Retail 8.62 -0.15 -9.92 -25.42 - -7.17 987.00 SBI Infrastructure Fund Series 1 9.09 -0.22 -4.52 -12.34 3.24 -2.34 912.50 Tata Indo Global Infrastructure 7.61 -0.17 -4.06 -3.95 2.10 -7.03 822.61 Tata Infrastructure 32.05 -0.24 -3.94 -7.14 7.28 19.50 1503.41 UTI Infrastructure 31.49 -0.25 -5.72 -11.47 3.85 18.55 2749.79 Equity: Others Relian Diver Power Sector Retail 69.16 0.01 -6.12 -16.66 10.38 30.86 3403.00 Relian Natural Resources Retail 10.57 -0.18 -1.79 7.23 6.50 1.65 2239.00 Sundaram Energy Opportunities 7.91 -0.46 -.94 -6.27 5.98 -6.34 1025.69 Hybrid: Equity-oriented Birla Sun Life 95 313.96 -0.01 -1.05 6.52 21.50 23.65 420.55 DSPBR Balanced 67.44 0.01 .61 6.14 16.99 17.02 750.02 HDFC Balanced 58.51 0.29 3.54 13.96 24.50 17.69 351.07 HDFC Prudence 218.39 -0.16 .97 9.31 26.11 21.33 6407.25 Magnum Balanced 49.98 -0.14 -1.61 -.34 13.38 17.02 453.25 Reliance Regular Sav Balanced 22.53 0.05 .68 4.75 22.57 14.23 829.00 UTI Balanced 81.05 0.01 -1.06 4.23 16.29 17.38 992.95 Hybrid: Debt-oriented Aggressive Unit Linked Insurance Plan ‘71 17.13 0.04 .45 4.60 15.37 9.23 2299.85 UTI CCP Balanced 14.34 0.01 .54 6.12 12.35 10.36 2847.18 UTI CRTS 81 176.75 0.06 .60 4.43 14.33 10.34 399.60 UTI Retirement Benefit Pension 18.10 0.02 .37 3.33 12.40 11.09 762.57 Hybrid: Debt-oriented Conservative Axis Income Saver 10.53 -0.01 1.27 - - 5.28 413.33 Birla Sun Life MIP II Savings 5 17.99 0.09 2.14 7.04 11.03 8.56 580.66 Birla Sun Life MIP II Wealth 25 18.34 0.04 1.98 6.60 11.75 8.85 395.34 Birla Sun Life Monthly Income 37.36 0.05 1.51 6.74 11.66 11.60 651.95 Canara Robeco MIP 30.19 0.04 1.88 6.62 12.80 12.99 351.74 FT India MIP 28.50 -0.02 1.73 5.42 9.15 10.18 375.27 HDFC MIP Long-term 23.53 -0.01 1.54 7.43 15.26 11.99 9545.94 HDFC MIP Short-term 17.56 0.05 2.02 5.57 9.70 7.74 427.36 HSBC MIP Savings 19.49 0.12 1.09 3.81 10.28 9.45 563.97 ICICI Pr Blende Plan B Option I* 15.06 0.02 2.20 7.74 6.12 6.92 1749.02 ICICI Prudential MIP* 26.37 0.1 1.69 6.82 9.78 9.50 577.00 ICICI Prudential MIP 25 Reg* 19.90 0.18 1.49 6.30 10.78 9.89 837.29 Magnum MIP 20.41 0.1 .67 4.50 5.29 7.16 354.31 Reliance MIP 22.12 0.06 1.60 6.10 16.07 11.09 7565.00 UTI MIS-Advantage Plan 20.72 0.1 1.63 6.26 11.46 10.08 1129.45 UTI Monthly Income Scheme 20.14 0.04 1.25 5.52 10.40 8.31 664.95 Hybrid: Asset Allocation FT India Dynamic PE Ratio FoF 40.76 -0.03 -.01 7.39 16.35 19.99 1600.59 Hybrid: Others Axis Triple Advantage 10.59 -0.25 1.59 - - 5.88 509.15 Canara Robeco InDiGo 11.00 -0.13 3.22 9.89 - 9.86 433.62 Debt: Income Birla Sun Life Dynamic Bond Ret 16.84 0.08 2.43 6.98 8.94 7.97 1872.18 Birla Sun Li Medium Term Retail 11.63 0.07 2.37 8.13 - 6.78 1516.34 ICICI Pru Bank & PSU Debt Ret* 10.64 0.02 1.99 - - 6.36 639.97 Reliance Regular SavDebt Ret 13.59 0.06 2.02 5.80 6.34 5.15 1663.00 Religare Active Inc Fund Plan A 11.91 0.06 2.37 7.76 5.56 4.52 779.02 Templeton India Income 34.26 0.08 2.07 6.25 7.07 8.95 994.29 Templeton India Income Opp 11.29 0.09 2.37 6.55 - 7.92 4132.09 Debt: Short Term HDFC HI Short-term 19.85 0.08 2.04 5.99 8.84 7.53 943.40 HDFC Short-term 19.47 0.08 2.15 6.50 9.21 7.36 671.08 Kotak Bond Short-term 18.96 0.03 2.40 4.91 8.00 7.19 834.90 Reliance Short-term 18.78 0.09 2.02 6.15 8.76 7.63 1207.00 Tem India Short-term Inc Ret 2010.48 0.09 2.42 6.76 9.52 7.66 3643.92 Debt: Ultra Short Term Axis Treasury Advanta Retail 1093.44 0.03 2.15 7.51 - 6.75 1081.56 Baroda Pioneer Treas Adv Reg 1134.49 0.03 2.24 7.85 - 6.37 583.80 Birla Sun Life Cash Manager 24.44 0.02 2.11 - - 7.15 2075.28 Birla Sun Life Savings Ret 18.65 0.02 2.16 7.54 6.56 6.68 6097.11 Birla Sun Li Short Term Opp Ret 15.73 0.02 2.59 8.33 7.91 7.88 898.46 Birla Sun Li Ultra Short-term Ret 18.15 0.03 2.18 7.62 6.56 6.66 1194.75 BNP Paribas Money Plus Reg 15.00 0.03 2.13 7.69 7.20 7.32 605.17 Canara Robeco Treasury Adv Ret 16.44 0.03 2.11 7.38 6.50 6.55 2195.61 DSPBR Money Manager Ret 1377.86 0.03 2.07 7.45 6.20 6.68 2437.61 DWS Ultra Short Term Reg 16.29 0.03 2.18 7.33 6.58 6.83 1761.25 HDFC Cash Mgmt Treas Adv Ret 21.79 0.02 2.12 7.48 6.57 6.90 15589.53 HDFC Floating Rate Income LT 17.37 0.09 2.40 8.09 7.92 6.72 985.39 HDFC Floating Rate Inc ST Retail 16.96 0.02 2.11 7.43 6.63 7.08 2353.63 ICICI Pru Flexible Inc Regular* 113.76 0.02 2.09 7.15 - 5.70 12525.03 ICICI Prudential Float Rate A* 153.51 0.02 2.00 6.99 6.02 6.35 4526.45 ICICI Prudential Float Rate B* 165.94 0.02 1.98 7.04 6.17 6.29 2157.35 IDBI Ultra Short Term 10.73 0.02 2.24 - - 7.26 1020.18 IDFC Money Manager Invest A 15.32 0.05 2.25 7.34 - 6.30 1112.44 IDFC Money Manager Treas A 16.12 0.02 2.10 7.33 - 6.38 5499.28 IDFC Ultra Short Term 13.88 0.02 2.30 - - 8.09 709.02 JM Money Manager Super Plus 14.18 0.03 2.21 7.62 6.88 7.35 944.76 Kotak Flexi Debt Regular 15.52 0.03 2.15 6.90 6.20 6.88 1319.72 Kotak Floater LT 16.00 0.02 2.24 7.85 7.07 7.02 3472.70 L&T Ultra Short Term 15.89 0.02 2.19 7.53 6.52 6.42 738.09 Magnu Float Rate Sav Plus Bond 15.59 0.04 2.29 8.08 7.49 6.54 592.27 Peerless Ultra Short Term Retail 10.99 0.03 2.60 7.89 - 6.96 65.95 Prame Ultra Short Term Bond 1069.94 0.03 2.25 - - 6.99 575.43 Princip Near Term Conservative 15.92 0.03 2.24 7.68 6.79 7.04 830.34 Reliance Floating Rate ST 15.87 0.04 2.22 7.84 - 7.63 1825.00 Reliance Medium Term 20.89 0.06 2.19 7.83 6.94 5.66 1593.00 Relian Money Manager Retail 1357.47 0.02 2.15 7.52 6.75 7.33 9558.00 Religa Ultra Short Term Retail 1357.55 0.02 2.09 7.61 6.43 7.04 2151.67 SBI Horizon Debt Ultra ST Ret 12.94 0.03 2.18 7.78 6.36 6.70 6885.06 Sundaram Ultra ST Ret 13.15 0.02 1.90 6.49 6.00 6.68 1140.77 Tata Floater 15.05 0.03 2.22 7.98 7.00 7.23 4794.22 Ta Ultra Short Term Bond Ret 1173.54 0.03 2.02 7.80 - 6.30 1251.10 Templeton Floating Rate Ret 18.37 0.03 2.12 7.54 7.18 6.67 979.13 Templeton India Low Duration 10.82 0.04 2.63 - - 6.16 1024.92 Tem India Ultra Short Bond Ret 12.83 0.02 2.15 7.74 6.82 7.21 2520.05 UTI Floating Rate ST Reg 1634.51 0.02 2.02 7.41 6.86 6.43 2198.62 UTI Treasury Advantage 2546.53 0.03 2.11 7.46 6.53 8.11 11503.04 Debt: Liquid Axis Liquid Retail 1093.41 0.02 2.07 7.52 - 6.74 3502.09 Baroda Pioneer Liquid 1744.88 0.02 2.15 7.71 6.14 6.10 3425.63 Birla Sun Life Cash Plus Ret 26.53 0.02 2.08 7.08 5.97 7.17 19776.19 Birla Sun Life Floating Rate ST 16.55 0.02 2.19 7.69 6.70 6.40 1048.45 BNP Paribas Overnight Reg 15.04 0.02 2.11 7.48 6.63 6.13 1259.49 Canara Robeco Liquid Ret 18.11 0.02 1.97 6.98 6.22 6.45 2759.52 DSPBR Liquidity Reg 23.83 0.02 2.09 7.49 5.98 6.72 2666.30 DWS Insta Cash Plus Reg 16.76 0.02 2.01 7.20 6.40 6.27 3375.24 DWS Treasury Cash Reg 11.09 0.02 - - - .69 1299.82 Fidelity Cash Ret 13.36 0.02 2.01 7.12 5.84 6.46 763.64 HDFC Cash Mgmt Savings 21.00 0.02 2.13 7.60 6.63 6.98 3034.82 HDFC Liquid 19.86 0.02 2.12 7.43 6.41 6.59 9926.88 ICICI Prudential Liquid* 240.85 0.02 1.96 6.86 5.91 6.96 20818.05 IDBI Liquid 1078.28 0.02 2.14 7.71 - 7.68 3293.98 IDFC Cash 17.83 0.02 2.04 7.21 6.14 5.93 8574.46 IDFC Liquid Plan A 1418.93 0.02 - - - 1.36 766.75 JM High Liquidity Reg 27.43 0.02 2.17 7.83 6.58 7.73 3006.44 JP Morgan India Liquid Retail 11.94 0.02 2.07 7.47 - 6.47 1121.88 Kotak Floater ST 16.45 0.02 2.16 7.74 6.37 6.41 3213.00 Kotak Liquid Regular 19.33 0.02 2.01 7.02 5.97 6.30 4572.41 L&T Liquid 19.94 0.02 2.08 7.46 6.22 6.61 1408.12 LIC Nomura MF Liquid* 18.35 0.02 1.98 7.32 6.75 6.71 2878.21 Magnum InstaCash 22.31 0.02 2.10 7.58 6.34 6.82 2030.03 Peerless Liquid Retail 10.91 0.02 1.79 7.20 - 6.40 4747.05 Pramerica Liquid 1071.44 0.02 2.11 - - 7.14 714.44 Principal Cash Mgmt 15.63 0.02 2.13 7.62 6.52 6.72 1094.74 Reliance Liquid Cash 16.30 0.02 2.16 7.40 5.09 5.21 5517.00 Reliance Liquid Treasury 23.99 0.02 2.08 7.26 6.41 6.78 3898.00 Reliance Liquidity 15.14 0.02 2.15 7.68 6.71 7.06 14111.00 Religare Liquid Retail 1354.34 0.02 1.96 7.20 6.17 6.72 2709.00 SBI Premier Liquid Inst 15.97 0.02 2.13 7.65 6.29 6.31 6063.10 Sundaram Money 20.30 0.02 1.74 6.14 5.51 6.43 1029.45 Tata Liquid 2295.83 0.02 2.07 7.24 6.19 6.66 4883.17 Taurus Liquid 1317.85 0.02 1.92 7.51 5.74 5.83 2840.26 Templeton India TMA Reg 2461.28 0.02 2.04 7.26 6.22 7.05 2407.03 UTI Liquid Cash Regular 1615.56 0.02 1.99 7.07 6.11 6.13 14701.43 Net asset value (NAV) as on July 15, 2011. Schemes marked with * indicate NAV from previous day. Change indicates gain/loss (in Rs) in NAV over previous trading day. Lifetime represents return (in per cent) since inception. 3-month and 1-year returns areabsolute, 3-year and lifetime returns are annualised. Size indicates asset under management in Rs crore. Source: Value Research (www.valueresearchonline.com) Courtsy- http://www.telegraphindia.com/1110716/jsp/business/story_14245867.jsp