Most of the readers of this site would be making an investment via SIP or Systematic Investment Plan over the years. Well for most people when you have done an one time investment its easy to calculate the returns. but people find it too complicated to calculate returns from an SIP. so here is nice calculator which will calculate value of your SIP investment and you can compare the performance of your different funds.
http://valueresearchonline.com/learning/CalcSIPReturn.asp
Monday, September 14, 2009
Friday, September 4, 2009
Beware fake clone of ICICI bank website; please DO NOT login on to this page its a FAKE
Recently I received an email from ICICI bank, I do not hold any account with ICICI so I was surprised. the email is as follows
============FAKE email from FAKE icici clone ============
Important Online Banking Security Alert: Verifiy Your Online Banking Security.Thursday, September 3, 2009 7:23 PM
From: "ICICI Online Accounts Alerts"
Dear Customer,
ICICI is constantly striving to provide you with more convenience, control, and security to assist in managing your finances.
As part of our ongoing efforts to make it easier and more secure for you to use our online services, we have upgraded the ICICI E-Sign Consent and Online Access that you reviewed and accepted when you began to use ICICI Online® Banking service(s).
To upgrade your online details, please visit our secure server webform by clicking the link below...
Verify My Account Security.
This alert relates to your Online Banking Profile only.
Thank you for your cooperation.
ICICI Internet Security Team.
© ICICI Bank Ltd. All rights reserved.
==================================
If you click on the above link it will take you to the page which looks very similar to ICICI bank webpage BUT wait a minute and look at the url for the address and it looks like
http://madmercsairsoft.co.uk/images/indexx.html
This clearly proves that it is a FAKE clone of ICICI bank webpage so beware and DO NOT login to this page. I would request the authorities to heavily PENALISED all the companies who host such fake sites. AND ICICI Bank should take this matter very seriously with the authorities for the safety of the ICICI Banks Customers.
Wednesday, September 2, 2009
Consistent Top performing Mutual Funds over 5 years
ELSS
1) SBI Magnum Taxgain
2) HDFC Taxsaver
Equity Diversified Mutual Funds
1) SBI Contra Fund
2) HDFC Top 200
3) UTI Dividend Yeild Fund
4) Reliance Growth Fund
Balanced Fund
1) HDFC Prudence Fund
2) Reliance Regular Savings Fund Balanced Option
This Mutual Funds have seen both the bear market as well as bull market and consistently performed better then there category average. They are my personal picks for long term SIP.
1) SBI Magnum Taxgain
2) HDFC Taxsaver
Equity Diversified Mutual Funds
1) SBI Contra Fund
2) HDFC Top 200
3) UTI Dividend Yeild Fund
4) Reliance Growth Fund
Balanced Fund
1) HDFC Prudence Fund
2) Reliance Regular Savings Fund Balanced Option
This Mutual Funds have seen both the bear market as well as bull market and consistently performed better then there category average. They are my personal picks for long term SIP.
Thursday, August 27, 2009
NHPC IPO Allotment basis
NHPC IPO which was oversubscribed during the period 7/8/2009 to 12/8/2009 and priced at Rs. 36 per share the allotments are out.
Those applying for full quota of 2625 shares have been firm allotment of 713 shares per application.
Those having a minimum allotment have been allotted 175 shares in the ratio of 14:51
Those applying for full quota of 2625 shares have been firm allotment of 713 shares per application.
Those having a minimum allotment have been allotted 175 shares in the ratio of 14:51
Monday, August 24, 2009
Dividend by Reliance Mutual fund in ELSS as well as two other schemes
Following are the dividend declared by Reliance Mutual Fund in respective schemes.
1. Reliance Banking Fund 20 per cent
2. Reliance Pharma Fund 15 per cent
3. Reliance Tax Saver (ELSS) Fund 15 per cent
Record Date : 28/08/2009
1. Reliance Banking Fund 20 per cent
2. Reliance Pharma Fund 15 per cent
3. Reliance Tax Saver (ELSS) Fund 15 per cent
Record Date : 28/08/2009
Thursday, August 13, 2009
Retail Subscription of NHPC is 3.8730 times Which means you will roughly be allotted 25% of shares applied for
As per the data on NSE website,NHPC LIMITED was subscribed more then 23 times of the issue, but for retail investor important piece of data is not the overall subscription but the Subscription number of Retail category which has been subscribed 3.87 times as shown below, data taken from NSEIndia.com
This means that if you will be allotted roughly 25% of number of shares applied for (100/3.87= 25%approx) .
For e.g if you have applied for full shares(2625 * 36 ) Rs 94500. Your chance of confirmed allotment is about 25% which brings to Shares in range 650 to 700.
for somebody who has applied for minimum lot of (175 * 36 = Rs 6300). There should be either lottery based allotment of 1 application for 4 applications applied, or there can be uniform allotment of 45 shares each application.
| 3 | Retail Individual Investors (RIIs) | 490631900 | 1900194450 | 3.8730 |
This means that if you will be allotted roughly 25% of number of shares applied for (100/3.87= 25%approx) .
For e.g if you have applied for full shares(2625 * 36 ) Rs 94500. Your chance of confirmed allotment is about 25% which brings to Shares in range 650 to 700.
for somebody who has applied for minimum lot of (175 * 36 = Rs 6300). There should be either lottery based allotment of 1 application for 4 applications applied, or there can be uniform allotment of 45 shares each application.
Monday, August 3, 2009
After the ban on Entry Load , exit load kicks in MF industry
After the SEBI bringing the ban on Entry loads in Mutual Funds which was earlier 2.25% on most Equity oriented Mutual Funds being implemented from 1st August 2009. Most Mutual Fund houses are now bringing in Exit Load to compensate some what for the loss of it.
Recently many Fund houses has announced change in there charge structure. most of them are increasing the tenure of exit load from 1 year to 3 years now with an exit load of 1% being charged if you exit an MF scheme before completion of 3 years.
Many schemes which did not have any exit load at all are incorporating the exit load of 1%.
some MF houses have variable exit load structure like if your withdraw before 1 year exit load is 3% , withdrawal between 1year and 2 year will extract 2% exit load and withdrawal between 2nd and 3rd year exit load is 1% and withdrawal after 3 years no exit load.
All this changes will be implemented on new investments registered after 1st August 2009. Even in case of SIP registered after 1st August 2009 new rules will apply and SIP registered before 1st August 2009 old rules will apply.
Hence many of the people who have enrolled for SIP before 1st August 2009 it is advisable to stop your old SIP and register new SIPs with the same funds.
Get Wealthier and Wiser !
Recently many Fund houses has announced change in there charge structure. most of them are increasing the tenure of exit load from 1 year to 3 years now with an exit load of 1% being charged if you exit an MF scheme before completion of 3 years.
Many schemes which did not have any exit load at all are incorporating the exit load of 1%.
some MF houses have variable exit load structure like if your withdraw before 1 year exit load is 3% , withdrawal between 1year and 2 year will extract 2% exit load and withdrawal between 2nd and 3rd year exit load is 1% and withdrawal after 3 years no exit load.
All this changes will be implemented on new investments registered after 1st August 2009. Even in case of SIP registered after 1st August 2009 new rules will apply and SIP registered before 1st August 2009 old rules will apply.
Hence many of the people who have enrolled for SIP before 1st August 2009 it is advisable to stop your old SIP and register new SIPs with the same funds.
Get Wealthier and Wiser !
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