Paperwork for your child

It is of utmost importance for parents to ensure that a baby's identity documents are in place. There are some basic documents that one should obtain by the time the baby completes her first birthday. These are mandatory documents required at the time of school admission, opening of a bank account, investments in the name of the child or taking the child overseas on a holiday.

Birth certificate

This is a mandatory document that must be obtained within 21 days of the child's birth.It records the name, gender, parents' name, address, date of birth and place of birth of the child. Application must be made in the prescribed format with the municipal corporation or panchayat of the place of birth. Birth records and certificate issued by hospital must be attached with fees.

Aadhaar card

Aadhaar is an essential document for school admission. There is a simplified procedure without biometrics for children below five years. The child's Aadhaar card is linked to the parent's Aadhaar card.Photograph of the child is captured along with biometric verification of the parents.Original birth certificate will have to be carried at the time of registration.

Passport

This is a very important document that acts as proof of citizenship, identity and address. Application can be filled online at http:www.passportindia.gov.in. Online appointments can be taken and documents prescribed on the website can be carried at the time of appointment.

Family health policy

It is a good idea to include the new child in the family floater health policy.Insurance companies typically prescribe an age after which the child can be included in the policy. Copy of birth certificate along with prescribed form and additional premium can be submitted to the insurance company.

It is advisable to apply for more than one original birth certificate by paying additional charges.

Once the child turns 15, biometrics need to be captured for Aadhaar records.

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Aadhaar sufficient for insurance KYC

If you plan to use Aadhaar-based e-KYC when buying insurance, here are some details that you should keep in mind

The Insurance Regulatory and Development Authority of India (Irdai) has said that Aadhaar-based electronic-know your customer (e-KYC) process would be sufficient for the purpose of customer verification. This has come as a part of clarification issued by the insurance regulator on Aadhaar-based e-KYC for insurance companies. It also stated that Aadhaar-based e-KYC can be conducted only with the consent of the customer.

If you plan to use Aadhaar based e-KYC when buying insurance, here are some details that you should keep in mind.

KYC for insurance
For life insurance products, regulatory guidelines mandate that insurers conduct KYC before the sale of the policy in case of direct sales. If the sale is through other channels, such as online, KYC is to be completed within 15 days of the sale of the policy. These practices put the onus on the insurance companies to ensure that these products are not used for money laundering.

For non-life insurance products like motor and health covers, the anti-money laundering guidelines of the insurance regulator mandate insurers to do the KYC at the time of claims. Apart from this, KYC will apply only when the claim settlement is over Rs1 lakh.

The Unique Identification Authority of India (UIDAI) has specific regulations called Aadhaar (Authentication) Regulations, 2016, which explain the ways in which an individual's details can be verified from the Aadhaar database. One such method is verification through a one-time password, which is sent to the individual's registered mobile number. The entity requesting the authentication needs to get the OTP from the consumer and enter in the system to take the process forward. This means the authentication will not take place if the consumer does not share her OTP. This restricts unauthorised access to your demographic information.

Another method is through biometric authentication. In this the consumer has to provide biometric 'proof', say, finger print, at the respective device. The Aadhaar database gives access to the requesting entity only if the biometric matches the information available against the particular Aadhaar number in the database. This too helps prevent unauthorised access to information.

The insurance regulator has also stated that Aadhaar e-KYC can only be conducted with the consumer's permission.

Aadhaar E-KYC for insurance
While Aadhaar-based KYC authentication was allowed, the insurance regulator has now said that this alone will be sufficient to complete the process.

This means that you do not need additional documents as proof for details such as identity, date of birth or address, if you provide Aadhaar. However, if the photograph in your Aadhaar is not clear, or there is a mismatch (for example, in photo, or name), the insurer can ask for additional documents. So, if you plan to use the e-KYC Aadhaar method, ensure that the details in your Aadhaar database are correct and updated, and that the photograph is clear.

A smooth onboarding process can help further expand the use of insurance.

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Invesco India Tax Plan - Top Tax Saver Fund for 2017 - 2018

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Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to Invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Tata India Tax Savings Fund 

3. Birla Sun Life Tax Relief 96

4. Sundaram Diversified Equity Fund

5. ICICI Prudential Long Term Equity Fund

6. Invesco India Tax Plan

7. Franklin India TaxShield 

8. Reliance Tax Saver (ELSS) Fund

9. BNP Paribas Long Term Equity Fund

10. Axis Tax Saver Fund

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DSP BlackRock Balanced Fund Details

    DSP BlackRock Fund Online 

DSPBR Balanced Fund below the following;

1.       Investment Illustration since inception of this scheme, 27th May 1999.

2.       Portfolio as on 30^th September 2017.

 

1. Scheme information

Inception date	27th May 1999
AUM	5922 crores
Equity	72.96%
Debt	27.04%
Average maturity	3.75 years
Modified duration	2.91 years
Fund Managers
Equity	Atul Bhole
Fixed Income	Vikram Chopra, Pankaj Sharma
Exit load	< 12 months- 1%:
	> 12months - Nil

 

 2.  Equity composition (percentage allocation)

Large Cap	Mid Cap	Small Cap	Micro Cap
48.4%	12.2%	6.6%	5.8%

 

3.Dividend history & dividend yield

Date	NAV	Dividend	Div yield
28-Sep-17	25.01	0.21	0.84%
28-Aug-17	25.55	0.21	0.82%
28-Jul-17	25.79	0.21	0.81%
28-Jun-17	24.99	0.21	0.85%
26-May-17	25.67	0.21	0.83%
28-Apr-17	25.61	0.21	0.82%
28-Mar-17	24.66	0.21	0.83%
28-Feb-17	24.21	0.21	0.85%
27-Jan-17	24.50	0.20	0.82%
28-Dec-16	22.71	0.21	0.92%
28-Nov-16	23.65	0.21	0.90%
28-Oct-16	25.40	0.23	0.92%
28-Sep-16	25.46	0.25	1.00%
26-Aug-16	24.85	0.25	1.00%
28-Jul-16	24.49	0.24	0.98%
28-Jun-16	23.31	0.23	1.00%
27-May-16	23.20	0.23	0.98%
28-Apr-16	22.84	0.23	1.00%
28-Mar-16	22.19	0.22	1.01%
26-Feb-16	20.94	0.21	1.02%
22-Jan-16	22.91	0.75	3.27%

 

4. Performance of the fund

Performance as on 30th September	1 Month	3 Months	6 Months	1 Year	2 Years	3 Years	5 Years	8 Years	10 Years	YTD	Since Inception
DSP BlackRock Balanced Fund - Growth	(1.52%)	2.63%	6.17%	11.06%	13.91%	13.81%	15.22%	12.13%	11.16%	17.86%	15.43%
CRISIL Balanced Fund - Aggressive Index	(1.41%)	2.48%	6.03%	11.87%	10.75%	8.63%	10.90%	8.80%	7.94%	14.60%	12.54%

*inception date 27^th May 1999

DSP BlackRock Balanced Fund: Product Labelling:
This Open Ended Balanced Scheme is suitable for investors
who are seeking*: Capital growth and income over a long term investment horizon; Investment primarily in equity/ equity related
securities, with balance exposure in money market and debt securities

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