Dividend Yield Fund from UTI declares dividend

Last few years equity market has not performed well. Many people in this times go for defensive play where they select stocks which gives high dividend. This strategy is called Dividend yield strategy. There is once such fund which works on this idea its called UTI Dividend Yield Fund. For last few years it has performed excellently well compared to benchmarks.

UTI dividend Yield has given a return of 11.6% CAGR vs the Benchmark returns of 3.5% and category average is mere 3.3% for over 5 year period.

There is a dividend declaration in UTI Dividend Yield Fund.
The dividend will be 4% of face value or upto 90% of distributable surplus as on the record date, whichever is lower.
The record date for dividend is 26 June 2012.
Last Dividend declared was in November 2011.

UTI - ULIP declares Bonus for year 2012

UTI - ULIP has declared a bonus of 1: 10 that is 1 unit as bonus for every 10 units held.
Record date for the bonus is 20 June 2012.
UTI ULIP (Unit Linked Insurance Plan ) is one of the oldest schemes from UTI Mutual Fund It was launched in the year 1971. The scheme has many benefits including Insurance cover UPTO Rs 15,00,000 and an Accident cover upto Rs 50,000 only.

The scheme is hybrid fund with 60:40 and it can also be used in once portfolio as a balanced fund.

Top 25 companies from BSE 200 will be part of "Axis Focused 25 Fund"

Axis Mutual Fund promoted by Axis Bank is coming up with good and innovative products like Axis Triple Advantage fund which consist of Equity, Debt and Gold all in one Fund.

Now this time they are coming up with a new fund which has nothing innovative about it.
It intends to select Top performing 25 companies from the list of BSE 200 companies and will be more of a large cap oriented flavour. The idea is that large companies are less volatile at the same time they create more wealth. Hence it should be good long term fund with focus on concentrated folio of around 25 companies.

There are similar products from other AMC like Kotak 30 which selects 30 companies and has done well compared to other funds. there is other fund called JM core 11 which will invest only in 11 companies but it has failed miserable.

I would recommend that let the fund get launched and in due course say let it run for around 6 months or a year and see how it fares then we can take investment call on it, but definately we can keep 'Axis Focused 25 Fund' on the watchlist radar for sure.

Axis Focused 25 fund NFO will be open for subscriotion till 25th, June 2012.

Historical prices of Gold in Indian Rupees

Historical prices of Gold in Indian Rupees source a facebook friend.

Investing in Mutual Funds by SMS its that simple. IDFC starts SMS transact facility

I have seen so many people having spare cash in there savings account or in there current account fetching very less interest. Many of this people know that if they invest in liquid fund they can fetch much higher returns but just dont like the hastle of writing a cheque and going all the way to the amc office to submit the form. well well here is a solution.

you can just send an SMS and your investment is done from your bank account to the debt fund and even for redemption you can just send an SMS and your units are redeemed and amount directly credited to your bank account within 24 hours. so now if you are going out on vaction even for few days and want to park your fund for couple of days you can just send an sms and the money is invested and while coming back from vacation you can just send an sms and your money is back to your bank account with little more interest.  (YOUR MONEY is WORKING even when you are on VACATION )

IDFC mutual fund offers this kind of facility called SMS Transact facility.

The investor needs to sign a onetime debit mandate form & submit at any of the CAMS office or IDFC AMC branches. Investor will recieve a confirmation within two weeks after which they can start transacting.
For Investing send an SMS as INV AMOUNT to 56767267
For Redemptions send an SMS as RED AMOUNT to 56767267
(e.g for withdrawing Rs. 5000 send sms as RED 5000 to 56767267)
Investor will receive a return SMS from CAMS confirming receipt of request for transaction mentioning the date, transaction amount & time of receipt. One can also open a zero balance account.

Currently this facility works with the following banks such as Kotak, Axis, City, ING Vysya, Standard Chartered, SBI, HSBC,ICICI.

by default the money will be invested in IDFC Money Manager Treasury Plan.

for more details
http://www.wealthforumezine.net/AMCSpeakIDFC121211.html

'SIP ki Kahani' an animation video explaining the power of SIP by Kotak AMC

This is an interesting animation movie made by Kotak AMC explaining the power of SIP using filmy style.

http://eksipkikahani.com/movie/

Income Tax limits for Individuals for AY 2012 -2013

Proposed Income Tax slab for Individual Tax payer for AY 2012-2013.

1. upto 2,00,000 - Nil
2. above 2,00,000 till 5,00,000   - 10%
3. above 5,00,000 till 10,00,000 - 20%
4. above 10,00,000                    - 30%

Rajiv Gandhi Equity Investment scheme encourages tax payer to invest upto Rs 50,000 directly in equity will fetch a tax exemption of around 50% of the Investment.

Savings Bank account Interest Income upto Rs 10,000 is exempted.