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COMPARISON OF SCHEMES OF HDFC,RELIANCE AND MUTUAL SIP


HDFC Tax Saver
Type:-An open ended equity linked saving scheme with a
lock-in period of 3 years.
Investment Pattern:-
80-100% in equity and equity related securities.
Upto 20% in Debt and Money Market Instruments
NO SIP Option Available in this scheme
Entry load:-2.25% entry load will be charged for the subscription amount below 2 crores.
No entry load for subscriptiuon amount above 5crores.
Exit load:- No exit load.

Minimum Application Amount:- For all category of investors is Rs. 500/- and in multiples of Rs. 500 thereafter.
NAV:-Calculated and declared on every working day.

InvestmentObjective:-The investment objective of the Scheme is to achieve long term growth of capital.

Lock In Period:- 3 years from the date of allotment of the perspective units
Tax benefits:-In this shceme tax benefits are available as per the laws.
Switching Option/Facility:- Available but after the expiry of the lock in period of three years.

Redemption Proceeds :-Normally dispatched within 3 business days(Subject to completion of Lock-in period)





   
Portfolio Disclosures:-No information.

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Reliance Tax Saver
Type:-An open ended equity linked saving scheme with a
lock-in period of 3 years.
Investment Pattern:-
80-100% in equity and equity related securities.
Upto 20% in Debt and Money Market Instruments.


NO SIP Option Available in this scheme
Entry load:-2.25% entry load will be charged for the subscription amount below 2 crores.
1.25% will be charged for the subscription amount above 2crores and below 5crores.
No entry load for subscriptiuon amount above 5crores.
Exit load:- No exit load.

Minimum Application Amount:- For all category of investors is Rs. 500/- and in multiples of Rs. 500 thereafter. There is no cap on the maximum amount.
NAV:-Calculated and declared on every working day.

Investment Objective :-The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.


Lock In Period:- 3 years from the date of allotment of the perspective units
Tax benefits:-Dividend received will be absolutely tax free in the hands of investor.

Switching Option/Facility:- Available but after the expiry of the lock in period of three years.

Redemption Proceeds:- In respect of valid applications received upto 3 p.m. by the Mutual Fund, same day's closing NAV shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund, the closing NAV of the next business day shall be applicable.

Portfolio Disclosures:-Half yearly.

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Mutual SIP With Tax Saving   
Type:-An open ended equity linked saving scheme with a
lock-in period of 3 years and also having SIP option.

Investment Pattern:-
80-100% in equity and equity related securities.
Upto 20% in Debt and Money Market Instruments
?   SIP Option:-200 per month minimum for the income group having less than 50000.   
?   500 per month for the income group  having above 50000.
?   1000 per month for income group having income above 1 lakh.

Entry load:- 1.25% entry load will be charged  for the subscription amount below 5 crore .
For above 5 crore there is no entry load.

Exit load:- No exit load.

Minimum Application Amount:-For new investors it is Rs 200 and for the existing it is more than the   Rs 200.

NAV:-Calculated and declared on every working day.

Investment Objective:-The objective of this scheme is to generate long term capital appreciation

Lock In Period:- 3 years from the date of allotment of the perspective units
Tax benefits:-Dividend received will be absolutely tax free in the hands of investor.

Switching Option/Facility:- Available but after the expiry of the lock in period of three years.

Redemption Proceeds:-.In respect of valid applications received upto 3 p.m. by the Mutual Fund, same day's closing NAV shall be applicable. In respect of valid applications received after 3 p.m. by the Mutual Fund, the closing NAV of the next business day shall be applicable.

Portfolio Disclosures:-Half yearly

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HOW CAN I SELL MY MUTUAL SIP PLAN WITH TAX SAVING:-

After the launching of mutual SIP scheme.I will provide the exact information to the agents about the sceme.so that they can easily find out the extra benefits provided by mutual SIP as compared to the other tax saver scheme  provided by reliance and HDFC.the  mutual SIP scheme having attractive feature to capture the more and more customer.because this scheme having SIP option with tax saving and this scheme have less charges  of entry load and no exit load Charges.For selling this scheme in market I need to follow certain steps:-
Target the customer:-First of all I have to target the customer group for selling this scheme. i will target to the salaried person who are having salary with tax payment.
Segmentation:-After targeting the customer group.i have to do segmentation.and for the segmentation I will chaoose person who are government employed and those who are private salaried person.
Promotion:-For promotion of my product I will give advertisement regarding my product through f.m. radio, television or newspaper.
Positioning:-After this I have to make a good image of my scheme in the mind of the customer.By providing the extra benefits to the customers.