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  • Riti Jewelry GOLD SAVINGS SCHEME

    Загружено:

    Raghu.G
    6K просмотров3 страницы
    COMPARISON OF GOLD SAVINGS SCHEME WITH OTHER JEWELLERIES AND MUTUAL FUNDS COMPARISON OF GOLD SAVINGS SCHEME AVAILABLE IN THE JEWELLERY INDUSTRY In order to safeguard against the gold price increase, normally customers invest in gold savings offered by jewelleries. In the market investment products varies in different aspects , a few have high bonus rate , whereas others with fixed maturity period and so on, here is a few suggestion based on the product available in the market with benchmark to Riti Jewelry, promoted by Manappuram Group of Companies Sl. No. Particulars Riti Jewelry Other Jewellery 1 Intial Instalment Rs.250 Rs.500 & above 2 Period of scheme Minimum – 1 yr , Maximum – 10 yrs 1 to 5 yrs 3 Instalment remittance periodicity Any amount any time , there is no fixed installment date Fixed denomination has to be paid on every due date 4 Foreclosure Can be done on any day Possible only on Maturity 5 Method of operation Equivalent Gold will be credited on the basis of respective day’s gold price Amount will be credited and not the gold 6 Bonus/ Return 10% p.a. 3 to 5% p.a. 7 Settlement option Only in the form of jewellery Only in the form of jewellery 8 Penalty on foreclosure Nil, only bonus rate will be reduced by 1 to 2% Bonus/ return may not be eligible 9 Documentation Photo, Id & Address proof Photo, ID & Address Proof 10 Payment option Cash/ Cheque through all the riti jewelry showroom and also through all the Manappuram Finance branches spread all over india Payment only in respective show room 11 Average Return 25% May have negative return if price rise is heavily 12 Price appreciation benefit Is there , Capital gain is there No capital gain BENEFITS TO THE CUSTOMER ON INVESTMENT Sl. No. Date of Remittance Installment Amount Market rate of Gold on the date of remittance Accounting in Riti Jewelry (Credits equivalent gold) (1000/2200) Accounting in Other Jewellery (Credits Amount) 1 10.01.2011 1000 2200 0.454 gms 1000 2 10.02.2011 1000 2400 0.416 gms 1000 3 10.03.2011 1000 2000 0.500 gms 1000 4 10.04.2011 1000 1800 0.555 gms 1000 5 10.05.2011 1000 2100 0.476 gms 1000 6 10.06.2011 1000 2300 0.434 gms 1000 7 10.07.2011 1000 2400 0.416 gms 1000 8 10.08.2011 1000 2500 0.400 gms 1000 9 10.09.2011 1000 2600 0.384 gms 1000 Total 4.035 gms 9000 Assume customer want to settle the account at this point of time , assume market rate as Rs.2600/gm in this case a Riti Customer will get 4.035 gms of gold value plus bonus in addition and in other jewellery customer will be eligible only for lessthan 3.46 gms with no bonus apart from that they will be charged with high making charge. So currently Kankadeepam offered by Riti Jewelry has upper edge over other jewelleries Gold savings scheme as well as Systamatic Investment Plans related with gold offered by mutual fund companies/ETF, because SIP charge 2 to 2.5% of the installment as entry fee. Investment Tip :- Always invest your risk free investment in instruments which gives you atleast double the inflation rate Raghu.G 9847715645

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    COMPARISON OF GOLD SAVINGS SCHEME WITH OTHER JEWELLERIES AND MUTUAL FUNDS COMPARISON OF GOLD SAVINGS SCHEME AVAILABLE IN THE JEWELLERY INDUSTRY In order to safeguard against the gold price increase, normally customers invest in gold savings offered by jewelleries. In the market investment products varies in different aspects , a few have high bonus rate , whereas others with fixed maturity period and so on, here is a few suggestion based on the product available in the market with benchmark to Riti Jewelry, promoted by Manappuram Group of Companies Sl. No. Particulars Riti Jewelry Other Jewellery 1 Intial Instalment Rs.250 Rs.500 & above 2 Period of scheme Minimum – 1 yr , Maximum – 10 yrs 1 to 5 yrs 3 Instalment remittance periodicity Any amount any time , there is no fixed installment date Fixed denomination has to be paid on every due date 4 Foreclosure Can be done on any day Possible only on Maturity 5 Method of operation Equivalent Gold will be credited on the basis of respective day’s gold price Amount will be credited and not the gold 6 Bonus/ Return 10% p.a. 3 to 5% p.a. 7 Settlement option Only in the form of jewellery Only in the form of jewellery 8 Penalty on foreclosure Nil, only bonus rate will be reduced by 1 to 2% Bonus/ return may not be eligible 9 Documentation Photo, Id & Address proof Photo, ID & Address Proof 10 Payment option Cash/ Cheque through all the riti jewelry showroom and also through all the Manappuram Finance branches spread all over india Payment only in respective show room 11 Average Return 25% May have negative return if price rise is heavily 12 Price appreciation benefit Is there , Capital gain is there No capital gain BENEFITS TO THE CUSTOMER ON INVESTMENT Sl. No. Date of Remittance Installment Amount Market rate of Gold on the date of remittance Accounting in Riti Jewelry (Credits equivalent gold) (1000/2200) Accounting in Other Jewellery (Credits Amount) 1 10.01.2011 1000 2200 0.454 gms 1000 2 10.02.2011 1000 2400 0.416 gms 1000 3 10.03.2011 1000 2000 0.500 gms 1000 4 10.04.2011 1000 1800 0.555 gms 1000 5 10.05.2011 1000 2100 0.476 gms 1000 6 10.06.2011 1000 2300 0.434 gms 1000 7 10.07.2011 1000 2400 0.416 gms 1000 8 10.08.2011 1000 2500 0.400 gms 1000 9 10.09.2011 1000 2600 0.384 gms 1000 Total 4.035 gms 9000 Assume customer want to settle the account at this point of time , assume market rate as Rs.2600/gm in this case a Riti Customer will get 4.035 gms of gold value plus bonus in addition and in other jewellery customer will be eligible only for lessthan 3.46 gms with no bonus apart from that they will be charged with high making charge. So currently Kankadeepam offered by Riti Jewelry has upper edge over other jewelleries Gold savings scheme as well as Systamatic Investment Plans related with gold offered by mutual fund companies/ETF, because SIP charge 2 to 2.5% of the installment as entry fee. Investment Tip :- Always invest your risk free investment in instruments which gives you atleast double the inflation rate Raghu.G 9847715645

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    Public Domain
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    6K просмотров3 страницы

    Riti Jewelry GOLD SAVINGS SCHEME

    Загружено:

    Raghu.G
    COMPARISON OF GOLD SAVINGS SCHEME WITH OTHER JEWELLERIES AND MUTUAL FUNDS COMPARISON OF GOLD SAVINGS SCHEME AVAILABLE IN THE JEWELLERY INDUSTRY In order to safeguard against the gold price increase, normally customers invest in gold savings offered by jewelleries. In the market investment products varies in different aspects , a few have high bonus rate , whereas others with fixed maturity period and so on, here is a few suggestion based on the product available in the market with benchmark to Riti Jewelry, promoted by Manappuram Group of Companies Sl. No. Particulars Riti Jewelry Other Jewellery 1 Intial Instalment Rs.250 Rs.500 & above 2 Period of scheme Minimum – 1 yr , Maximum – 10 yrs 1 to 5 yrs 3 Instalment remittance periodicity Any amount any time , there is no fixed installment date Fixed denomination has to be paid on every due date 4 Foreclosure Can be done on any day Possible only on Maturity 5 Method of operation Equivalent Gold will be credited on the basis of respective day’s gold price Amount will be credited and not the gold 6 Bonus/ Return 10% p.a. 3 to 5% p.a. 7 Settlement option Only in the form of jewellery Only in the form of jewellery 8 Penalty on foreclosure Nil, only bonus rate will be reduced by 1 to 2% Bonus/ return may not be eligible 9 Documentation Photo, Id & Address proof Photo, ID & Address Proof 10 Payment option Cash/ Cheque through all the riti jewelry showroom and also through all the Manappuram Finance branches spread all over india Payment only in respective show room 11 Average Return 25% May have negative return if price rise is heavily 12 Price appreciation benefit Is there , Capital gain is there No capital gain BENEFITS TO THE CUSTOMER ON INVESTMENT Sl. No. Date of Remittance Installment Amount Market rate of Gold on the date of remittance Accounting in Riti Jewelry (Credits equivalent gold) (1000/2200) Accounting in Other Jewellery (Credits Amount) 1 10.01.2011 1000 2200 0.454 gms 1000 2 10.02.2011 1000 2400 0.416 gms 1000 3 10.03.2011 1000 2000 0.500 gms 1000 4 10.04.2011 1000 1800 0.555 gms 1000 5 10.05.2011 1000 2100 0.476 gms 1000 6 10.06.2011 1000 2300 0.434 gms 1000 7 10.07.2011 1000 2400 0.416 gms 1000 8 10.08.2011 1000 2500 0.400 gms 1000 9 10.09.2011 1000 2600 0.384 gms 1000 Total 4.035 gms 9000 Assume customer want to settle the account at this point of time , assume market rate as Rs.2600/gm in this case a Riti Customer will get 4.035 gms of gold value plus bonus in addition and in other jewellery customer will be eligible only for lessthan 3.46 gms with no bonus apart from that they will be charged with high making charge. So currently Kankadeepam offered by Riti Jewelry has upper edge over other jewelleries Gold savings scheme as well as Systamatic Investment Plans related with gold offered by mutual fund companies/ETF, because SIP charge 2 to 2.5% of the installment as entry fee. Investment Tip :- Always invest your risk free investment in instruments which gives you atleast double the inflation rate Raghu.G 9847715645

    Авторское право:

    Public Domain
    Скачайте в формате DOCX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 3

    COMPARISON OF

    GOLD SAVINGS SCHEME

    AVAILABLE IN THE JEWELLERY INDUSTRY

    In order to safeguard against the gold price increase, normally customers invest in gold savings offered by jewelleries. In the market investment products varies in different aspects , a few have high bonus rate , whereas others with fixed maturity period and so on, here is a few suggestion based on the product available in the market with benchmark to Riti Jewelry, promoted by Manappuram Group of Companies

    Sl. No. 1 2 3

    Particulars Intial Instalment Period of scheme Instalment remittance periodicity Foreclosure Method of operation

    Riti Jewelry Rs.250 Minimum 1 yr , Maximum 10 yrs Any amount any time , there is no fixed installment date Can be done on any day Equivalent Gold will be credited on the basis of respective days gold price 10% p.a. Only in the form of jewellery Nil, only bonus rate will be reduced by 1 to 2% Photo, Id & Address proof Cash/ Cheque through all the riti jewelry showroom and also through all the Manappuram Finance branches spread all over india 25% Is there , Capital gain is there

    Other Jewellery Rs.500 & above 1 to 5 yrs Fixed denomination has to be paid on every due date Possible only on Maturity Amount will be credited and not the gold

    4 5

    6 7 8 9 10

    Bonus/ Return Settlement option Penalty on foreclosure Documentation Payment option

    3 to 5% p.a. Only in the form of jewellery Bonus/ return may not be eligible Photo, ID & Address Proof Payment only in respective show room

    11 12

    Average Return Price appreciation benefit

    May have negative return if price rise is heavily No capital gain

    BENEFITS Sl. No.

    TO THE CUSTOMER ON INVESTMENT Market rate of Gold on the date of remittance 2200 2400 2000 1800 2100 2300 2400 2500 2600 Accounting in Riti Jewelry (Credits equivalent gold) (1000/2200) 0.454 gms 0.416 gms 0.500 gms 0.555 gms 0.476 gms 0.434 gms 0.416 gms 0.400 gms 0.384 gms 4.035 gms Accounting in Other Jewellery (Credits Amount) 1000 1000 1000 1000 1000 1000 1000 1000 1000 9000

    Date of Installment Remittance Amount

    1 2 3 4 5 6 7 8 9

    10.01.2011 10.02.2011 10.03.2011 10.04.2011 10.05.2011 10.06.2011 10.07.2011 10.08.2011 10.09.2011 Total

    1000 1000 1000 1000 1000 1000 1000 1000 1000

    Assume customer want to settle the account at this point of time , assume market rate as Rs.2600/gm in this case a Riti Customer will get 4.035 gms of gold value plus bonus in addition and in other jewellery customer will be eligible only for lessthan 3.46 gms with no bonus apart from that they will be charged with high making charge.

    So currently Kankadeepam offered by Riti Jewelry has upper edge over other jewelleries Gold savings scheme as well as Systamatic Investment Plans related with gold offered by mutual fund companies/ETF, because SIP charge 2 to 2.5% of the installment as entry fee. Investment Tip :- Always invest your risk free investment in instruments which gives you atleast double the inflation rate

    Raghu.G 9847715645

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