Investing in Diamond Jewellery; look for a certification from a reputed institution !

Most of the people love daimond jewellery especially women love them and We all know the importance of solitaire daimond ring for engagement. Daimond jewellery be it daimond set,or a daimond ring they all have very high romantic value.

What did you say Value ? but do you know how to find out actual Value of that piece. Its always advisable to buy a certified piece of Daimond Jewellery because in this days and age there are lots and lots of duplicates and cheats out there in the market and infact the duplicates looks more beautiful then the original so in order for you not to fall for something worthless its always advisable to have a certified Jewellery.

There are various reputed institute who certifies Jewellery at a reasonable cost one of them is called GII (Gemological Institute of India ).

A typical GII certificate will look as follows.

Client Name: M/s Mehta and sons
Summary No : 9004208-10-45628-3
Description of Article: One 18k Yellow Gold Pendant Rhodium plated weighing in total 9.440 gms. with 84 Daimonds. Total estimated Daimonds weight of 1.50 cts

SHAPE/CUT : Round Brilliant
EST. TOTAL WEIGHT : 1.50cts
COLOR : F - G
CLARITY : VVS
FINISH : VERY GOOD
COMMENTS : Graded as mounting permits

The certificate will have an image of the Jewllery and the details of various parameters based on which you can easily find out the actual value of that Daimond Jewellery.

Happy Investing in Glittering Daimonds !

Dividend declared in Reliance Growth Fund and UTI Mastershare

Reliance Growth fund which can be counted amongst few of the the most succesful fund of all time over 10 year period and the flagship product from Reliance fund family declares dividend of 50%.
Record date : 30th Oct 2009.

UTI Mastershare one which can be counted as "lambi race ka ghoda" has declared dividend once again for 23rd time in its 23 years history. The record date is 30th Oct 2009. Dividend is 27% or Rs 2.70 per unit.

Both of the above fund can be part of ones portfolio for long term capital accumulation. Reliance growth is more aggressive and UTI Mastershare is more stable and consistent performer for so many years.

Happy Diwali !

Wishing you all a very happy and prosperous New Year !
May this samvat bring us more Wealth and better health !

Best Mutual Funds in Samvat 2065 from Diwali of 2008 to Diwali of 2009

Here is the list of Best performing mutual funds from last Diwali to this Diwali in various categories.

ELSS category

1. Can Robeco Equity Tax saver - 77%
2. Taurus Tax Shield                   - 71%
3. Sahara Tax Gain                     - 70%
4. Birla SL Tax Relief 96             - 67%
5. DBS chola Tax saver Fund     - 65%

All the above funds gave returns of over 65%+ much above the indices performance where, Nifty gave a return of around 44% while Sensex return was above 50%.

Diversified Equity Mutual Fund

1. ICICI Pru Discovery Fund       - 96%
2. Sundaram Smile Fund              - 85%
3. IDFC Small and Midcap Fund - 84%
4. Birla sun life Midcap Fund        - 83%
5. Taurus Infrastructure Fund       -  81%

Balance Funds Equity Oriented

1. Birla Sun Life 95 Fund           - 69%
2. Reliance RSF Balanced         - 66%
3. HDFC Prudence Fund          - 60%
4. Tata Balanced Fund              - 55%
5. Can Robeco Balanced Fund - 50%

This is 1 year performance of Mutual funds as on 14 Oct 2009, It can be used as just a reference for your investment decision for final investment decision your should consult your Financial Advisor. Its interesting to note that in the same period SILVER gave a return of 73% whereas GOLD gave a return of 34% in Samvat 2065. Even precious metals should also be part of your portfolio.

Note: Source of data is moneycontrol and economictimes

Advantages of forming a Trust. Why do people form Trust ?

Setting up a trust as you would be aware via your bollywood movies is mostly for the purpose of protecting assests of a minor to  he turns adult. Trust is an entity created to hold assets for the benefit of certain persons or entities with a trustee managing the trust.
Terms and there meaning

• The person who reposes or declares the confidence is called the "author of the trust".
• The person who accepts the confidence is called the trustee.
• The person for whose benefit the confidence is accepted is called the "beneficiary".
• The subject matter of the trust is called "Trust-property" or "Trust-money".

Advantages of a Trust

• Property transferred to the trust during the lifetime will pass directly to the beneficiaries of the trust. The trust property does not have to go through a probate. (Terms of the trust remains private however in case of will if there is a probate or legal case then the document becomes a public document)
  
•  Trust is good way to take care for the assets of minor children or elderly people or incapacitated dependents.
  
• Saving on taxes: The growth on assets , such as shares transferred to a trust now belongs to trust and it does not combine in your income.
• the author loose a legal control of the assets and hence in case of insolvency creditors cannot claim money held in trust. however you can have some control by being a trustee of the trust.

How to calculate returns from an SIP ?

 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

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" Add sender to ContactsTo: undisclosed-recipients

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.