BEAWARE; income-tax refund fraudulent email from clone of Income-Tax department is doing the rounds

Following is the detail of a fraud email doing the rounds it claims to give Income -Tax refund,
be careful and do not give any information on this website as it is not IT departments website but a fraud website.  http://gerolp.com/iti/
 ================================
Flag this messageYour Tax Refund is now available in 12 hours !Monday, February 8, 2010 7:02 PM


From: "Income Tax Department" Add sender to ContactsTo: undisclosed-recipients

Dear applicant,

After the last annual calculation of your fiscal activity,
we have determined that you are eligible to receive a tax refund of
820.50 Rupees.
Bank account holders at the Bank of India,
will receive the money within 12 hours after filling the form.
To Access the form for your tax refund please click here:
Tax Refund Online Form
Thank You.
Department of Revenue,Ministry of Finance Government of India

LIC Wealth Plus Plan - Guaranteed returns of Highest NAV from first 7 years payable on maturity

LIC has launched a Unit Linked plan called Wealth plus plan.
The feature of this policy are as follows.

• Highest NAV payble from first 7 years or NAV on maturity of 8th year whichever is higher on maturity.
• single premium or 3 years premium payment
• Min Rs 40,000 for single premium or Rs 20,000 for 3 years
• Policy matures after 8 years
• Risk cover 1.25 times of single premium policy / 5 times of anualized premium of 3 year policy
• Partial withdrawal allowed after 3 years

In face of it this looks a very good product which can give guranteed returns with stock market benefit on upside and no risk on downside. but we will have to wait for the fine print on the asset allocation and charges levied on this product before we can pass a judgement on it.

Top performing Mutual Funds for the month of January 2010

Top performing equity diversified Mutual Funds for the month of Jan 2010 are as follows

1. IDFC Premier Equity
2. ICICI Pru Discovery Fund
3. Religare Mid N Smallcap Fund
4. DSP - BR Micro Cap Fund
5. ICICI Pru Emerging S.T.A.R Fund

Top performing Tax saving ELSS equity Mutual Funds for the month of Jan 2010 are as follows

1. SBI Tax advantage Sr-1
2. Can Robeco Equity Taxsaver
3. Reliance Tax saver ELSS
4. ICICI Pru Tax Plan
5. Tata Infra Tax saving Fund

Axis Tax saver makes a debut in the first month of 2010 in ELSS Category.

Dividend declared by HDFC Long Term Advantage Fund

HDFC Mutual Fund has declared dividend under HDFC Long Term Equity Fund, Dividend is 12.50%. The record date is January 8, 2010.

HDFC Longterm Advantage fund is an ELSS tax saving Fund and on an average in past 1 year its return is 93%  and that of sensex is 86%. If you look at the long term return of over 5 years then the return is 20% compounded annually compared with sensex return of 22%.  

Top performing Mutual Funds of 2009

Top performing Equity Mutual Funds for the year 2009

1. Principal Emerging Bluechip
2. JM Mid Cap Fund
3. ICICI Pru Discovery Fund
4. Taurus Infrastructure
5. Principal LT Equity 3 yr

 Top performing Balanced Mutual Funds for the year 2009

1. Kotak Dynamic Asset Allocation
2. HDFC Prudence Fund
3. ICICI Pru CCP - Gift Plan
4. Reliance RSF Balanced
5. Tata Balanced Fund

Top performing ELSS Mutual Funds for the year 2009

1. ICICI Pru Tax Plan
2. Birla SL Tax Relief 96
3. HDFC Tax Saver
4. ING Tax saving
5. Taurus Tax Shield

Sensex gave a return of 78% and Nifty gave a return of 73% approximately in the year 2009.
We are still to reach the earlier highs but the Nifty closing above physological 5200 mark is good end to the year 2009 and 2010 seems to be lot more promising and exciting with power sector could be leader in coming year.

UTI Mutual Fund declares dividend in Tax saving scheme

UTI Mutual Fund declares a dividend in two of its schemes.
1) UTI Tax saving ELSS Fund - 15% dividend
2) UTI Transportation and Logistics Fund  - 15% dividend.


the record date for above dividend is 29th December 2009

Top performing Mutual Funds for the month of November 2009

Top performing diversified Equity Mutual Fund for the month of November 2009

1. SBI Magnum Comma Fund
2. JM HI FI Fund
3. Birla SL comm Equity
4. Sundaram Media and Ent.
5. Religare AGILE Fund

Top ELSS MF for the monthe of November 2009

1. Bharti AXA Tax Advantage
2. JM Tax gain Fund
3. DBS Chola Tax saver Fund
4. Religare AGILE Tax
5. HSBC Tax Saver Equity Fund