We are offering a unique ULIP scheme for small and medium investors to invest in real estate in order to reap the benefits of investment in real estate with their small savings. This scheme is devised to provide opportunity to those investors who are not able to purchase real estate owing to its big ticket size or investment. The scheme is devised to provide hassle free investment opportunity to subscribers through purchase of units of a specific amounts of as low as one lac rupees. Thus a person in possession of as low as ₹. One Lac only is able to participate in it and take away its share of profits at the end of a financial year. The premium is earned in respect of increase in the value of a unit of the scheme which is arrived at the end of a year by revaluation of the underlying asset. The realizable value is the market value arrived at by taking a distress sale value of the asset into account which is totally market based and scientifically calculated. No risk of mediators or property dealers is involved. All such decisions are taken in a board meeting with open participation of the unit holders.
The formula used to calculate the NAV is as follows: NAV = (Value of Current Assets + Market Value of Investments Held) – (Value of Current Liabilities & Provisions) / Total number of outstanding units on date.
The mathematical representation of the formula for calculating absolute returns is [(Current NAV- Initial NAV)/ Initial NAV] x 100.
A nominal percentage of the fund’s value is deduced by trustee before computing the net asset value of the fund for meeting the manager’s expenses. This commission is adjusted as per performance of the fund however upper ceiling cannot be crossed in any case.
The total monetary worth of the units owned by the policyholder is termed as fund value. You can calculate the fund value on a particular day by multiplying the net asset value of each unit on that particular day by the number of units held.
Although ULIPs have a mandatory lock-in of 5 years but a short term liquidity shall be maintained and the investors shall be given an option to withdraw at any time after end of a financial year with three months’ notice by the investor.
This scheme is a participant friendly with no hidden costs and all decision and values shall be arrived at in an open participation General Body meetings after technical work out and consultation with the field experts.
