INVEST CHIPS

HDFC has launched Dual Rate Home Loans

2010-07-29T07:54:00.001+05:30

We are pleased to inform you that HDFC has launched Dual Rate Home Loans - a new limited period 8.25% fixed interest rate product.

This offer is applicable for all fresh loan applications received between 1st July and 31st August 2010, subject to completion of documentation and payment of requisite processing fees by 31st August 2010. Such loans must be disbursed in part/full by 30th September 2010.

HDFC's Adjustable Rate Home Loan product continues to be available to any customer not interested in availing the DRHL product.

For Home Loans, HIL, HEL, HCL, Refinance :

Applicable Period Rate Type Loans upto Rs.30 Lac
Loans above Rs. 30 Lacs

Upto 31st Mar, 2011 Fixed 8.25% 8.25%

1st Apr, 2011 to
31st Mar, 2012 Fixed 9.25% 9.25%

1st April, 2012 onwards Adjustable* 9.00% 9.25%

(RPLR – 4.75%) (RPLR – 4.50%)

*linked to HDFC-RPLR with spread

** Differential rates applicable for land loan applications

* HDFC LTD’s current RPLR is 13.75% p.a. The actual adjustable rate applicable to your loan w.e.f Apr 1, 2012 will depend on HDFC LTD’s RPLR as on that date.

For complete information on the product and to avail of this offer, click here or sms ‘DRHLA’ to 5676712

10 STOCKS FOR A PROFITABLE 2010: Ventura

2010-07-26T22:11:00.001+05:30

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Ventura has recommended the following 10 stocks for its clients. As I also find all the 10 stocks fall in very attractive themes, readers can consider investment in the below mentioned stocks.

Indraprastha Gas Limited : Vast untapped potential & inelastic nature of demand makes it an attractive play….
Mahindra & Mahindra : All round growth coupled with attractive valuations makes the stock a compelling Buy
Aurobindo Pharma : Prescription for growth…..
Sterlite Industries Ltd. :Multi commodity and power play exposure makes Sterlite a very attractive play
Deepak Fertilizers : Value plus growth opportunity
HDIL : Play on the Mumbai real estate economy
IndusInd Bank : RoA expansion and all round improvement in core performance to yield extra ordinary returns
Kalpataru Power : A big play on Infrastructure… be it Power (T&D), pipelines, construction, etc
Crompton Greaves Ltd. : Global player ever spreading its wings……..
GAIL : Gas Volume Ramp up & Tariff Revision to drive profitability……..

BPO Careers at Accenture in India

2010-07-21T15:55:00.001+05:30

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Mail received from Accenture, India

Unmatched in scope, scale and depth, Accenture has the broadest range of business process outsourcing (BPO) services. These include finance and accounting, clinical data management, call centre, customer analytics, human resources, procurement, e-learning, insurance back office, IT helpdesk, and more. This allows us to provide a wider range of career opportunities to our people in India.
Currently, we have roles around finance and accounting, health and life sciences, customer support, payroll administration and supply chain planning.
Click here to apply for a career in BPO at Accenture in India.
Be a part of Accenture — An array of benefits
Internal Job Postings - Our internal job opportunities program gives you an opportunity for continuous learning, growth and enhanced career mobility. Being a large company, we can provide many more opportunities for you to move beyond your original role.
Lively Work Environment - We offer a modern, high-tech stimulating and collaborative work environment that provides numerous opportunities for personal and professional growth. Enhance your interests and enjoy what you like doing most with like-minded colleagues through our 'Great Place to Work' initiatives.
Continuous Learning - Coupled with continuous skill development, we provide outstanding opportunities to move your career forward. With access to myLearning, which contains more than 20,000 online courses, and tie-ups with universities to further our people's knowledge, you can build and expand skills to a higher level than virtually anywhere else.
Total Rewards - Accenture seeks to deliver a distinct value proposition to our employees, by providing effective and meaningful reward programs, which are aligned to the market.
Apply now!
Working at Accenture will create more opportunities for you than virtually anywhere else. And as part of our diverse, multi-talented team, you'll be surrounded by smart, resourceful people that you can learn from and exchange ideas with. Accenture will help you build your capabilities by giving you chances to stretch your limits. You'll grow by working as part of a collaborative team and a company that delivers results.

Important toll free telephone numbers in India

2010-07-20T07:32:00.001+05:30

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Some of the very important toll free telephone numbers of various entities are listed here.

Airlines
Indian Airlines - 1800 180 1407
Jet Airways - 1800 22 5522
SpiceJet - 1800 180 3333
Air India -- 1800 22 7722
KingFisher - 1800 180 0101
Banks
ABN AMRO - 1800 11 2224
Canara Bank - 1800 44 6000
Citibank - 1800 44 2265
Corporatin Bank - 1800 443 555
Development Credit Bank - 1800 22 5769
HDFC Bank - 1800 227 227
ICICI Bank - 1800 333 499
ICICI Bank NRI - 1800 22 4848
IDBI Bank - 1800 11 6999
Indian Bank - 1800 425 1400
ING Vysya - 1800 44 9900
Kotak Mahindra Bank - 1800 22 6022
Lord Krishna Bank - 1800 11 2300
Punjab National Bank - 1800 122 222
State Bank of India - 1800 44 1955
Syndicate Bank - 1800 44 6655

Automobiles
Mahindra Scorpio - 1800 22 6006
Maruti - 1800 111 515
Tata Motors - 1800 22 5552
Windshield Experts - 1800 11 3636
Computers/IT
Adrenalin - 1800 444 445
AMD - 1800 425 6664
Apple Computers - 1800 444 683
Canon - 1800 333 366
Cisco Systems - 1800 221 777
Compaq - HP - 1800 444 999
Data One Broadband - 1800 424 1800
Dell - 1800 444 026
Epson - 1800 44 0011
eSys - 3970 0011
Genesis Tally Academy - 1800 444 888
HCL - 1800 180 8080
IBM - 1800 443 333
Lexmark - 1800 22 4477
Marshal's Point - 1800 33 4488
Microsoft - 1800 111 100
Microsoft Virus Update - 1901 333 334
Seagate - 1800 180 1104
Symantec - 1800 44 5533
TVS Electronics - 1800 444 566
WeP Peripherals - 1800 44 6446
Wipro - 1800 333 312
xerox - 1800 180 1225
Zenith - 1800 222 004

Indian Railway General Enquiry       131
Indian Railway Central Enquiry     131
Indian Railway Reservation     131
Indian Railway Railway Reservation Enquiry     1345,1335,1330
Indian Railway Centralised Railway Enquiry     1330/1/2/3/4/ 5/6/7/8/9

Couriers/Packers & Movers
ABT Courier - 1800 44 8585
AFL Wizz - 1800 22 9696
Agarwal Packers & Movers - 1800 11 4321
Associated Packers P Ltd - 1800 21 4560
DHL - 1800 111 345
FedEx - 1800 22 6161
Goel Packers & Movers - 1800 11 3456
UPS - 1800 22 7171
Home Appliances
Aiwa/Sony - 1800 11 1188
Anchor Switches - 1800 22 7979
Blue Star - 1800 22 2200
Bose Audio - 1800 11 2673
Bru Coffee Vending Machines - 1800 44 7171
Daikin Air Conditioners - 1800 444 222
DishTV - 1800 12 3474
Faber Chimneys - 1800 21 4595
Godrej - 1800 22 5511
Grundfos Pumps - 1800 33 4555
LG - 1901 180 9999
Philips - 1800 22 4422
Samsung - 1800 113 444
Sanyo - 1800 11 0101
Voltas - 1800 33 4546
WorldSpace Satellite Radio - 1800 44 5432

Investments/ Finance
CAMS - 1800 44 2267
Chola Mutual Fund - 1800 22 2300
Easy IPO's - 3030 5757
Fidelity Investments - 1800 180 8000
Franklin Templeton Fund - 1800 425 4255
J M Morgan Stanley - 1800 22 0004
Kotak Mutual Fund - 1800 222 626
LIC Housing Finance - 1800 44 0005
SBI Mutual Fund - 1800 22 3040
Sharekhan - 1800 22 7500
Tata Mutual Fund - 1800 22 0101

Travel
Club Mahindra Holidays - 1800 33 4539
Cox & Kings - 1800 22 1235
God TV Tours - 1800 442 777
Kerala Tourism - 1800 444 747
Kumarakom Lake Resort - 1800 44 5030
Raj Travels & Tours - 1800 22 9900
Sita Tours - 1800 111 911
SOTC Tours - 1800 22 3344

Healthcare
Best on Health - 1800 11 8899
Dr Batras - 1800 11 6767
GlaxoSmithKline - 1800 22 8797
Johnson & Johnson - 1800 22 8111
Kaya Skin Clinic - 1800 22 5292
LifeCell - 1800 44 5323
Manmar Technologies - 1800 33 4420
Pfizer - 1800 442 442
Roche Accu-Chek - 1800 11 45 46
Rudraksha - 1800 21 4708
Varilux Lenses - 1800 44 8383
VLCC - 1800 33 1262

Insurance
AMP Sanmar - 1800 44 2200
Aviva - 1800 33 2244
Bajaj Allianz - 1800 22 5858
Chola MS General Insurance - 1800 44 5544
HDFC Standard Life - 1800 227 227
LIC - 1800 33 4433
Max New York Life - 1800 33 5577
Royal Sundaram - 1800 33 8899
SBI Life Insurance - 1800 22 9090

Hotel Reservations
GRT Grand - 1800 44 5500
InterContinental Hotels Group - 1800 111 000
Marriott - 1800 22 0044
Sarovar Park Plaza - 1800 111 222
Taj Holidays - 1800 111 825

Teleshopping
Asian Sky Shop - 1800 22 1800
Jaipan Teleshoppe - 1800 11 5225
Tele Brands - 1800 11 8000
VMI Teleshopping - 1800 447 777
WWS Teleshopping - 1800 220 777

Others
Domino's Pizza - 1800 111 123

Cell Phones
BenQ - 1800 22 08 08
Bird CellPhones - 1800 11 7700
Motorola MotoAssist - 1800 11 1211
Nokia - 3030 3838

Sony Ericsson - 3901 1111

Colourful Rich text signatures in Gmail

2010-07-17T06:41:00.000+05:30

Rich text signatures have long been one of our most widely requested features. Some of you have tried your own solutions, including Greasemonkey scripts, browser plugins, and even using canned responses from Gmail Labs. Others have simply lived with frustration of not being able to change the colors or font size of your signature, or insert images and links. Either way, you'll be happy to know that today we're launching the ability to write your own rich text signatures right in Gmail.

The next time you log in and visit the Settings page, you'll see a rich text editor in the signature section. Here, you can customize your signature by adding pretty formatting, links, and images — or decide to leave things nice and simple.

Gmail also now supports a unique signature for each email address associated with your account. So, if you send mail using a custom "From:" address, you can use a different signature for that address. From the Settings page, you can edit the signature for each account by changing the email address that appears in the dropdown menu.

Currently, only the latest desktop version of Gmail supports rich text signatures and multiple signatures. The older version and HTML version of Gmail, along with the mobile versions, use a plain text version of your primary account’s signature.

Rich text signatures - Official Gmail Blog

WWW.INVESTCHIPS.COMThis post is written by R.John Christy for www.investchips.com.

Online safety message from the HDFC Bank

2010-07-16T20:13:00.001+05:30

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Scams like Phishing and Vishing are designed to steal your web identity and personal data.

Phishing is carried out via fraudulent emails and Vishing is orchestrated via bogus voice messages and phone calls.

HDFC Bank advices it’s clients to follow these simple steps to avoid falling prey to these scams:

In case of doubt, do not click on any link provided in the e-mail

Do not give any confidential information such as password, customer id, Credit/Debit Card number or PIN,CVV,DOB to any e-mail request, even if the request is from government authorities like Income Tax department or any Card Association company like VISA or Master Card

Do not open unexpected e-mail attachments or instant message download links

Always check the web address carefully before sharing any sensitive information

For logging in, always type the full website address (Eg. : www.hdfcbank.com) on your web browser

The Padlock icon at the upper or bottom right corner of the webpage must be always 'On' during secure transactions

Ensure that you have installed the latest anti-virus/ anti-spyware/ personal firewall/ security patches on your computer or high end mobile phones

Use non-admin user ID for daily work on your computer

Do not access NetBanking or make payments using your Credit/ Debit Card from shared or unprotected computers in public places

Do not call and leave any personal or account details on any telephone system, voice message, e-mail or an SMS

Do not transfer funds to or share your account details with, unknown/ non-validated source, luring you with commission, attractive offers

CAUTION: Participation in any such act is illegal and can result in a jail term

HDFC Gold ETF Fund (NFO Closes on 23-Jul-10)

2010-06-26T19:41:00.001+05:30

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HDFC Gold ETF Fund (NFO Closes on 23-Jul-10)

Some interesting facts about Gold:

Demand and supply balance

As a hedge against inflation and store of value

Gold provides effective diversification for investment portfolios by exhibiting low long term correlation with other asset classes

As a safe haven in times of financial, economic and political crises

Gold is so rare that the world pours more steel in an hour that it has poured gold since the beginning of time

Gold has lustrous beauty, it’s easily workable, it is rare, and it is virtually indestructible - four characteristics that no other precious metal possess

All the gold in the world could be compressed into an 18 yard cube*

Experts estimate that there are only 41,000# tons of gold left in the earth to mine

Sources of demand for gold are extremely diverse – both geographically and sectorally – as compared to those of many other assets

Gold demand is predominantly discretionary unlike most commodities and hence less exposed to the vagaries (i.e. unpredictability) of the economic cycle

These factors explain the independence of the gold price and why demand has remained robust in the face of a rally that has spanned several years

Sources of Gold Demand

Jewellery (68%): Consistently accounts for 2/3rds of demand. Amounted to US$ 61bn in 12 months ending Dec. 2008, making it one of the largest consumer goods in the world.

Investment (19%):
Identifiable investment demand in gold has increased considerably in recent years. Since 2003, investment has represented the strongest source of growth in demand. Wide range of reasons and motivations for people and institutions to invest in gold.

Industrial (14%): Over half of industrial demand arises from its use in electrical components. Used in various medical and Bio-medical applications. Recent research has uncovered number of new uses like catalyst in fuel Cells, chemical processing and controlling pollution.

Why invest in GOLD ETF? What are the benefits?
Low cost: When you buy RGETF you only have to pay brokerage charges, which is usually much lower than paying for making charges when you buy physical gold.

Transparency: GETF, the rates are transparent as they are traded like a share on the National Stock Exchange and therefore it provides the ability to buy and sell them quickly at the ruling market price and therefore highly liquid. There is no consistency when you buy and sell physical gold across jewellers or banks

Safety & Security: Zero concerns about security, theft. Safeguard in the form of electronic mode in the case of unforeseen circumstances where you have lost all the physical wealth

Collateral for trading on NSE: GETF is accepted as collateral for trading on National Stock Exchange of India Ltd.

Ability to buy in small units: GETF one unit is approximately equal to one gram of gold which can be directly bought through the trading terminals.

No securities transaction tax for trading GETF on the National Stock Exchange Of India Ltd . Wealth tax is also Nil.

Feasibility: Gold ETF units are available on NSE and BSE which provides feasibility to the investor to buy and sell the units during trading hours of the exchange. It enables to to limit orders as well as permits intraday trading.

You can buy any of the following Gold ETF as all are giving same return.

Religare Gold ETF

Gold Benchmark ETF

UTI Gold ETF

Kotak Gold ETF

Reliance Gold ETF

Quantum Gold

ETS

Dewan Housing Finance Ltd (DHFL) Special Fixed Deposit Drive (01.06.2010 To 31.07.2010)

2010-06-23T20:16:00.001+05:30

Credit Ratings: BWR : FAAA CARE : AA+ FD

Company highlights :

DHFL is the Nation’s 2^nd Largent Housing Finance Company in the Private Sector, with 26 years of Operational Legacy & Diversified Operational Platforms such as Insurance distribution, Project Funding, Property services, Technical Consultancy etc.

Despite the higher cost of funds and low exposure to the non-retail segment, the company’s presence in the niche segment of rural and semi-urban regions enables it to earn superior margins. The company follows its cardinal principle of lending only to “end users’ enable it to sustain asset quality.

FIXED DEPOSIT SCHEMES

Easy way to file your INCOME TAX RETURNS electronically

2010-06-21T21:19:00.001+05:30

Here comes the easy way to file your INCOME TAX RETURNS electronically and avoid long que, time & tension....

Step-1 : Go to https://incometaxindiaefiling.gov.in/portal/index.do and Register yourself (if not done earlier).

Step-2 : Download Excel Utility(Version 1.0) Return Preparation Software for ITR-1 which is an EXCEL file, (I am attaching the same with this mail).

Step-3 : Open the Excel file, Enable Macros as given in the 1 page, Macro enabling steps varries between Excel 2003 and 2007 versions... and both r easy....

Step-4 : Fill-up your details Click validate button to validate the page and go next. After completing all pages, Click Generate and Generate XML file your desktop.

Step-5 : Then login to the Income e-filing site as given above SUBMIT RETURN, select Assessment year as 2010-11, Select Return form as ITR-1, choose Digital Signature as NO, Click next, then upload the generated XML file.

Step-6 : Download your ITR-V either after successful upload or from your email or anytime from your MYRETURN section, ITR-V file is password protected and the password is your 10 digit PAN number and 8 digit DOB (DDMMYYYY), all in lowercase.....

PRINT, SIGN AND SEND IT TO THE FOLLOWING ADDRESS BY ORDINARY POST.

“Income Tax Department – CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka, ” BY ORDINARY POST ONLY within 30 days after the date of transmitting the data electronically.

INVEST RS.47500 & GET RS. 100000 AFTER 10 YEARS

2010-06-21T07:11:00.001+05:30

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NABARD – BHAVISHYA NIRMAN BONDS

INVEST RS.47500 & GET RS. 100000 AFTER 10 YEARS

Bond Price Rs.9500 per Bond

Minimum Bonds 5 (FIVE)

Amount Payable on application Rs.47500

Maturity value Rs.100000

Tenure 10 years

Gross yield Rs.52500

Capital Gain Tax 10% without indexation benefit

Rs.5250

Post Tax Return Rs.47250

Compounded yield 7.73%

Post Tax Simple yield 9.95%

Post Tax compounded yield Zero coupon bond

7.15%

YTM (post Tax) (Rs.47500 X 9.95% X 10years = Rs.47250) 9.95%

Application Money 3.50%

NRI (Non Resident Indian) also can invest in BNB Bonds. They will be allowed to invest in Indian rupee only. However, while accepting the investments from NRIs, it must be clear that tax will be deducted at source in terms of IT Act, 1961.

NRI may tick in ‘others (specify)’ column and write ‘NRI’.

“AAA” Rating by CRISIL & CARE.
Income will be treated as Capital Gain & taxed accordingly.
Benefit of Indexation.
Allotment of Bonds : 1^st of Every Month.
Listing : on BSE
Trade : Minimum lot size of 5 bonds.

Application form can be down load from : nabard.org thereafter Click on Bhavishya Nirman Bonds.

Bankers to the Bond Scheme : AXIS BANK ( formerly known as UTI bank)

No Mobile Number Portability this year?

2010-06-18T19:51:00.001+05:30

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Mobile subscribers will have to wait longer if they want to migrate to another service provider while retaining the same number. The government is likely to postpone the launch of the mobile number portability (MNP) scheme to early next year. The present deadline for implementation of the scheme was this month-end.

“The new dates will be announced soon. This time, we will ensure the service providers have enough time to get ready for MNP and there is no further extension for its implementation,” the official said.The MNP Gateway is required to handle porting communication between operators.

Implementation of Mobile Number Portability would help us to choose the best operator without changing the number. Govt.’s repeated postponement will protect the profitability of old operators like Airtel and Vodafone. Old Operators successful lobbying resulted in this move which effectively postpone the large number of mobile subscriber’s churning.

HDFC MF Asst. V.P banned by SEBI

2010-06-18T07:40:00.001+05:30

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HDFC Asset Management Company’s Assistant Vice President–Equities Mr Nilesh Kapadia, has been banned by SEBI from buying, selling or dealing in securities, directly or indirectly, or being associated with any intermediary or any entity registered with SEBI .

A SEBI order issued on Thursday also asked the AMC to not utilise the services of Mr Kapadia. The AMC has also been asked by SEBI to set up an investigation committee to examine the dealings by Mr Kapadia. The order, issued by Dr K.M Abraham, Whole Time Member, SEBI, has directed Mr Nilesh Kapadia and HDFC AMC to also jointly deposit the estimated losses amounting to Rs 2.38 crore, with the trustees of HDFC Mutual Fund.

SEBI investigations found that Mr Kapadia had tipped off an associate Mr Rajiv Ramniklal Sanghvi before placing the orders for HDFC AMC; Mr Sanghvi in turn traded based on such tips and instructions, thereby making substantial gains. The investigations conducted so far in the matter have revealed 38 instances over 24 days across BSE and NSE during April to July 2007, the SEBI order said.

Though MF investors are not directly affected by the actions of Mr. Kapadia, he indeed made a killing by front running (If HDFC Asst Management company decides to purchase for example Reliance, Mr.Kapadia buys Reliance in Huge quantity before HDFC MF buys . When ever MF enter a company, their orders would be in crores which would push the price up. Immediately Mr. Kapadia would offload the shares and makes unethical profit – company name Reliance is used for illustrational purpose only).

Google Docs now easy to share

2010-06-18T07:22:00.000+05:30

Official Google Blog: Easier sharing in Google Docs
Google Documents, spreadsheets and presentations can now be identified as “Private,” “Anyone with a link” or “Public on the web.” As before, all docs start out as private by default.

These new visibility options appear as a link next to the title of every doc. Clicking this link or the “Share” button takes you straight to the new interface where you can see who has access, manage sharing access and invite others to share the doc.

These improvements have started to roll out and should be available to everyone in the next week.

WWW.INVESTCHIPS.COMThis post is written by R.John Christy for www.investchips.com.

Revised Direct Tax Code

2010-06-17T07:58:00.001+05:30

Image by alancleaver_2000 via Flickr

The Govt. of India has release the revised discussion paper on Direct Tax Code which is expected to replace Indian Income tax Act. You can access the complete document here.

Franklin India Prima Fund - 80% Dividend – Record Date June 18

2010-06-14T12:35:00.001+05:30

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Franklin India Prima Fund-Dividend

Dividend Rate : 80%

Record Date : June 18, 2010

NAV : 47.6601

AUM : 924cr

Date of Launch : December 1, 1993

Returns:

1Year : 43.43%

5Years : 14.99%

7Years : 31.26%

10Years : 27.59%

Those wish to strip dividend can do with this fund.

Mediclaim Policy Portability Soon

2010-06-14T07:41:00.001+05:30

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Mediclaim policyholders, who are not satisfied with the service of their existing service providers, will be able to switch to another insurer soon without any change in the premium outgo.

However, this facility will be available to those policyholders who are insured for a sum of Rs1 lakh and above, to begin with. It has been decided to widen the cover, according to the recommendation submitted by the General Insurance Council, an association of non-life insurers.

At present, a policyholder is given health cover for a year and the same has to be renewed every year. If there is no claim, the policyholder is entitled to a bonus in the form of increased sum and for every claim-free year, this bonus gets accumulated.

However, under the proposed new policy, after the expiry of the term, if one intends to switch over to a new company, the accumulated bonus is not carried forward and one has to start all over again.

For senior citizens it becomes all the more difficult because companies are reluctant to sell new Mediclaim policies to the elderly.

Two insurers do not generally have identical mediclaim policy and so both the industry and the regulator are working out a minimum benefit that would be carried forward in case of change of the insurer.

The industry also expected to set the guaranteed minimum covers as agreed by companies which can be carried along to a new company. This will allow the insured to know the facilities he can carry to the new company.

Source : News Reports

Uninor introduces unlimited local calling pack

2010-06-13T20:32:00.001+05:30

Image by Espen Klem via Flickr

For a monthly recharge of Rs.198, Uninor offers you Local calls Uninor to Uninor 120000 seconds free;
Local calls Uninor to others 42000 seconds free and STD @ 1 p/sec.

For a monthly recharge of Rs.197, Uninor offers you up to a maximum 2000 mins. of local Uninor to Uninor calls per month and Maximum 700 mins. of local calls to other networks per month. After plan validity expiry a base rate of 60p/min. for all local & STD calls will apply as per ‘Uninor-60’ plan. MMS @ Rs. 5/event and myuninor WAP/internet @ 10p/10kb.

This tariff is applicable to AP, Bihar, Kerala, Orissa, TN (incl. Chennai), U.P. East, U.P. West circles.

For more details, please click here.

SBI PSU Fund - Invest

2010-06-13T19:08:00.001+05:30

“PSU stocks are available at reasonable valuations, despite being consistent wealth creators and holding strong potential for future growth. It may be recalled that even during the global financial crisis in 2008, PSUs have done well”, SBI Mutual Fund Chief Investment Officer Mr Navneet Munot said in an interview.

SBI Mutual Fund, a subsidiary of State Bank of India, has launched SBI PSU Fund. The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs and others.

Scheme Name: SBI PSU Fund

NFO Start Date: 17-May-2010

NFO Close date: 14-June-2010

Offer Price: Rs. 10.00

Minimum Subscription: Rs. 5,000/-

Entry Load: Nil

Exit Laod: 1%, if redeemed before 12 months. Otherwise, Nil.

SBI PSU Fund will be benchmarked against BSE PSU Index and will be managed by Rama Iyer Srinivasan, who holds 16 years of experience in the area of financial services, apart from holding an M.Com and MFM degree. Presently Srinivasan is also the fund manager of Magnum Equity Fund , Magnum Global Fund Magnum Sector Funds Umbrella - Emerging Business Fund and SBI Infrastructure Fund - Series I.

What is our take?

Investing in PSU’s is a good sounding theme. Proposed compulsory 25% public holding would present compelling opportunities to get good PSUs at reasonable valuation. But they would not be a multi-bagger in near term. Those who already invested in quality Mutual Funds, can subscribe this NFO as a diversification option. As other balanced equity funds also holding PSU stocks in portfolio, investors should not add this fund as a core option but as a satellite fund with limited allocation

New Blogger Template Designer

2010-06-12T07:31:00.000+05:30

Official Google Blog: Express yourself with the Blogger Template Designer
The Blogger Template Designer is Google's big first step in improving not just their template designs, but all the ways that you can customize the look and layout of your blog. If you try out the Blogger Template Designer, you’ll find:

Fifteen new professional templates to start from (and more on their way)
Custom blog layouts with one, two and three columns
Hundreds of free professional background images from iStockphoto, the leading microstock image marketplace
Customizable colors, fonts and more

WWW.INVESTCHIPS.COMThis post is written by R.John Christy for www.investchips.com.

Gold could fall 40% from peak: Prechter

2010-06-09T21:49:00.001+05:30

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The price of gold could drop 40 per cent from its all-time high because of bearish technical momentum and deflation amid a European debt crisis, said Elliott Wave International President Robert Prechter on Monday.

In January, he had forecast that gold could drop at least 40 per cent from its peak value because of deflation and over-ownership.
Asked if Prechter still expected gold to correct 40 per cent, he said that extremes in technical indicators still "leave gold vulnerable to that large of a decline."
"I still feel that gold is not going to the moon here. It's not a market that you want to be long, just as you didn't want to be long stock in the first quarter."
In addition, Prechter said investors should be out of the equity markets completely and he continued to expect U.S. stocks will fall below the March 2009 low of about 666 points on the S&P 500 index.

Prechter is known for forecasting a big bull market in stocks in 1982 and for getting out before the 1987 stock market crash.

I don’t think that the gold price would ease till world economic turbulences are over. As EU crisis expected to aggravate further, Gold may touch new high soon. Then Prechter’s predictions may prevail.

Hey, what is up?

2010-06-09T21:36:00.001+05:30

Image by Getty Images via @daylife

For the last few weeks, market has shown unpredictable erratic movements. Both experts and naive common investors are wrong in predicting the market. But FII are seems to be exiting even from bluechips. They are practicing the same old technique. Releasing so called research reports, news of QIB placement, new strategic investor inclusion, oil discovery, new orders, etc…………, which are not readily verifiable. Even before you blink, the interested parties are exiting with handsome profit. Indiainfoline last week came out with two research reports released on the same day, one recommended selling of Punj Lyod and another recommended buy of that great company. ( Buying recommendation for Private investors and selling recommendation for common investors). Beware. During uncertain times like this, fundamentals are more important.

Don’t enter any Telecom stocks now. Only few players would survive next three years. Data services fetch income only after 3 years. Till such time, all are equal. Just exit. You would get these shares half the present price in some time within next two years.

I favor power sector and some pharma stocks. Accumulate SJVN , NHPC and GVK Power. Glenmerk may perform well in next 3 years.

Stocks bought On (May 26, 2010) cannot be sold On (May 27, 2010)

2010-05-26T07:54:00.001+05:30

Image by zadeus via Flickr

Due to bank holiday on occasion of 'Buddha-Pournima' on 27.05.2010, there will be a clubbing of settlements. Please note that shares bought on May 26, 2010 should not be sold on May 27, 2010 as trades done on both these days will be settled together on May 31, 2010.

Also, please note that the pay-in schedule has changed for stocks sold on May 26, 2010 and May 27.2010 to 10.00 a.m. and 2.00 p.m on May 31, 2010 respectively.

Adsense for contents pays 68%

2010-05-24T22:03:00.001+05:30

Image by Stephen Edgar - Netweb via Flickr

AdSense for content publishers, who make up the vast majority of AdSense publishers, earn a 68% revenue share worldwide. This means Google pay 68% of the revenue that they collect from advertisers for AdSense for content ads that appear on your sites. The remaining portion that they keep reflects Google's costs for our continued investment in AdSense — including the development of new technologies, products and features that help maximize the earnings you generate from these ads. It also reflects the costs Google incur in building products and features that enable AdWords advertisers to serve ads on AdSense partner sites. Since launching AdSense for content in 2003, this revenue share has never changed.
Google pay AdSense for search partners a 51% revenue share, worldwide, for the search ads that appear through their implementations. As with AdSense for content, the proportion of revenue that Google keep reflects their costs, including the significant expense, research and development involved in building and enhancing our core search and AdWords technologies. The AdSense for search revenue share has remained the same since 2005, when they increased it.

Source: http://adsense.blogspot.com/2010/05/adsense-revenue-share.html

Moneyworks4me.com presents a blog carnival

2010-05-24T18:07:00.001+05:30

MoneyWorks4me.com, India’s first ‘Stocks only’ portal that helps you make sensible “fundamental value” based investments in Indian stock market. This subscription based website presents precise information, tools, sensible buy/sell prices based on sound fundamental stock evaluations, charts, calculators and trackers to enable you make sensible investing decision on stocks. This is an initiative of a team of over 30+ people comprising Economists, Engineers, MBAs & Tech geeks and … headed by Raymond Moses and Sreeram Thiagarajan, graduates from IIT/ IIM.

They have conducted a Blog Carnival to inspire and empower fellow citizens to invest in stocks directly, sensibly and with confidence. Here are a set of posts from experts, bloggers and their very own equity analysts to provide you, with an enriching experience. These posts explore how various stock investors arrived at their styles of Stock Investing. The mistakes they made, the lessons learned…

The Theme is “How I arrived my style of investing”. I also contributed for this highly informative and useful initiative – again a first in India. Other experts are Parag Parikh, Manish Chauhan, Ranjan Varma and Ninad Kunder. Members from Moneyworks4me team also contributed.

I thank the moneyworks4me team for giving me this opportunity. I request our readers not only to read all the posts, please share this information with your friends through Twitter and other social medias.

NABARD Bhavishya Nirman Bonds have been launched from 10th May, 2010

2010-05-21T06:58:00.001+05:30

Image via Wikipedia

GENERAL INFORMATION

a). A 10 Year Zero Coupon Bond of National Bank for Agriculture and Rural Development (NABARD) hereinafter referred to as Bhavishya Nirman Bond is being issued by way of private placement as long term investment.

b) The bonds will be listed at BSE.

TERMS OF THE BOND

i. Face value:

Each bond has a face value of Rs. 20,000/-.

ii. Issue Price:

Each bond has a Issue Price of Rs. 9,500/-.

iii. Tenure of Bond:

The bonds will be issued for tenure of 10 years from the deemed date of allotment.

iv. Coupon Rate

7.73% p.a compounded. 11.05% p.a. Simple Yield

iv. Minimum Investment:

The minimum investment under Bhavishya Nirman Bond shall be 5 bonds and thereafter in multiples of five bonds.

Working details - Bhavishya Nirman Bonds

Pricing of Zero Coupon Bond and its cost to NABARD

Particulars

Current Issue

ZCB Price (Initial Investment) 9500

Maturity Proceeds 20000

Gross Yield 10500

Indexed cost of Investment 14725

Capital Gains Tax 1050

Post tax return 9450

Simple Yield (%) 11. 05%

Compounded Yield 7.73%

Post tax simple yield (%) 9.95%

Post tax compounded yield ZCB 7.15%