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The revised Tariff Structure would be applicable with effect from January 1, 2009.

Revised Tariff structure:

This site has information on things you need to do when you move home so that you won't have to. It guide you through every step of the move process with help and advice, lists of suppliers and easy online quotes.

• Find local suppliers and get quotes

• Set up home services

• Tell everyone you’re moving

• Plan your move with our online move planner

Reliance Money would make available a wide variety of products for e-shopping, ranging from financial products like IPOs, mutual funds, insurance policies and gold coins to items like apparel, accessories, books, magazines, CDs, DVDs, home appliances and even flowers.

Announcing the launch, Reliance Money CEO Sudip Bandyopadhyay told PTI over the phone from Mumbai that the e-commerce web portal-- RelianceMoneyMall.Com-- would be like a big shopping mall in electronic format where consumers would be able to buy whatever that can be sold online.

Reliance Money E Shopping site can be accessed here.

This is a Guest Post written by Mr. Anup who is the head of www,moneyhoney.com. This is extracted from a mail written to all his associates.

The focus of this post is to clarify and restore faith and confidence in investing in Equities and Equity Mutual Funds. What we are witnessing now is not new - it has happened in the past. Reasons are always different but one thing does not change - Boom is followed by bust - this may be new for some investors and distributors but its not new for us.  Best that we leave the market collapse behind us and take a fresh look here and now. That is why BACK TO BASICS.

The next few months will offer great buying opportunities for those with liquidity and more importantly, the courage of conviction that this financial crisis will subside by the end of 2009 and pave the way for a sustainable market rally in 2010 and beyond. The best time to buy in our opinion as over the next 6 months as markets grinds lower and gloomy headlines contributes to heightened pessimism.

Eventually, the crises will be sorted out and optimism will return. However, investor who buy over the next few months will have to maintain a medium to long term investment horizon (12-18 months at least) in order to benefit from the uptrend in the stock market.

Our TOP Picks is

• DSP TOP 100 Fund
• HSBC Equity Fund
• HDFC TOP 200 Fund

Observations

• As time horizon of investment increases

– Instances of (-) returns disappear

– Range of returns from low to high falls; volatility reduces

• Returns start to move into a consistently narrowing; nearly predictable range

– Out-performance over the index steadily increases

– With very long term horizons, low, average and high tend towards convergence

– The bias with equity investing is towards positive returns rather than negative returns

• Logical conclusion because as time passes, the economy and units within it tend to grow

– Active management works!!!

• The convergence comes faster with Power as compared to Index

• With passage of time, the margin of out-performance steadily Increases

Investment objectives and why one invests

• We invest to meet financial goals – buying a house, educating children, retirement etc.

– After your child is born she can not reach the critical phase of education in less than 10 to 15 years

– After you start earning you do not buy your own house on Day 1 (unless you borrow every single rupee!!!)

– Once you start your career you do not retire until 25 to 30 years

– So why expect your investments to meet these objectives in shorter time

– We know not all investments can be made for 10,20,30 years

• For shorter term investments one needs to be ready to face periods of (-) return

• Not all is bad with shorter term investment horizons - in fact history shows that sometimes shorter term horizons can deliver disproportionately high returns

– EQUITY INVESTING – WORTH THE RISK – THIS RISK HAS AN UPSIDE TO IT

– NOT TAKING RISK IS A RISK IN ITSELF - INFLATION KILLS VALUE - THE RISK OF NOT TAKING RISK HAS NO UPSIDE TO IT!!!

– Equity investing – START EARLY, STAY PUT

The market will do its job… Lets do ours…

For more details, please go through the attached file. If you need any more information or any assistance then please let me know.

Warm Regards,

Anup Bhaiya

Cell: 098204 52811

Email: anup@moneyhoney.co.in

Fidelity today launched an innovative volatility tool designed to help advisers and investors put the current market uncertainty in the context of a longer term perspective. This tool can be accessed here.

Reports Junction, a online product developed by Religare Technova . Here, You can find the desired annual/quarterly reports from a database of over 60,000 documents (inclusive of IPO documents) of more than 4500 companies (both listed and un-listed) since 1995. This service is steeply priced at Rs.4999/- per annum and the user can download any 500 Documents. Reports contain balance sheets, profit & loss statements, cash flow statements, segment wise details and other financial highlights. Latest Reports are constantly added and can be downloaded in pdf format. All available reports give a crystal clear picture of company information, performance and the financial trend through high tech graphs to provide best cushion for further analysis. You can register for a one week free trial, For FAQ on this service please click here.

Technical Charts indicate positive move for  RNRL. Others made positive move are Apollo Tyres Ltd, Moser Baer India Ltd and NTPC Ltd.,Trade in small quantities.

The ICICI Bank VISA Credit Card Bill Pay Service is no longer free. You need to shell out a minimum Rs.100 and a maximum of Rs.200 for this service. However, ICICI Bank saving A/c holders can pay their bills through internet free.

Bill Pay Service Plans

• Classic Plan: For customers who have registered One Bill on the service. A nominal fee of Rs. 100 per annum applies. Service Tax extra.
• Gold Plan: For customers with two or more bills registered on the service. A nominal fee of Rs. 175/- per annum applies. Service Tax extra.
  You could add all your utility bills under this service (landline, electricity, mobile, insurance etc) and benefit from the Gold plan.

When Amit Bhargava, a Delhi-based photographer, decided to place a day trading order on the shares of Neyveli Lignite on Friday, 4 January, he says he had no idea that it would spiral into a heart-stopping thriller that would end with him losing Rs 1 lakh. He bought various lots of the stock through the morning, and had set himself a stop loss of Rs 268.50. The ticker on his online portal, Reliance Money, showed the price was Rs 272, he claims. Based on this, Bhargava bought even more shares. By evening, close to end of trading, when he sought to sell his shares, he saw that the price had fallen sharply to Rs 262.90, and the portal, he says, was showing a wrong figure on the ticker. Bhargava sold what he could, and converted the rest to delivery. “I booked losses of Rs 1 lakh that day,” he says. He spent an anxious weekend and alleges that when he tried to get a grip on how many shares he had on Monday, he found that every document sent by Reliance Money had a different figure—the number on the cash ledger balance did not match the number on the contract note and so on.

DIVYA AGARWAL
She works for an e-learning firm in Delhi, but could not participate in the Reliance Power IPO because Reliance Money bungled in opening up her accounts.

“If I had known that the prices were falling earlier, I would have sold a lot more than I did. Eventually, I had 21,200 shares of Neyveli Lignite,” he said. Then started the litany of phone calls and emails to Reliance Money. “At one point, the head of customer care told me not to worry, as I could write off my loss when the stock price of Neyveli Lignite rose,” Bhargava says. He has now written to Sebi (Securities and Exchange Board of India), demanding that Reliance Money make good his loss.
Sudip Bandyopadhyay, director and CEO, Reliance Money, says that it is not true that tickers on its portal are not updated. He says, “Being a registered broker with BSE (Bombay Stock Exchange) and NSE (National Stock Exchange), Reliance Securities is directly connected to both and the price feeds are made available to us by the exchanges. However, clients across the country do face connectivity issues at times due to their poor Internet connection/bandwidth. This is particularly true for remote areas and clients connecting through BSNL and MTNL.”

While Sebi and NSE, the exchange through which Bhargava’s orders were executed, ponder over this case, the fact remains that online trading, while being an extremely convenient way of buying and selling shares, mutual funds and other products, is fraught with several risks. With the recent slump in the stockmarket, brokers have started looking at aggressive strategies to increase the number of customers and to induce them to trade more. These sops range from ‘zero account opening costs’ to ‘lowered brokerages’.

Do not go by broking costs alone while selecting your online broker. For one, the advertised brokerage will probably be applicable only to people executing a substantial number of transactions in a month. Second, offering lower costs could also mean losses of large amounts in other ways as the broker may have cut corners while creating the trading infrastructure to keep costs down.

R. DESAI
A senior financial analyst in Bangalore, says that his broker, HDFC Securities, effects share transactions at prices that are even 8 per cent higher than the price at which he puts a buy order.

Raghavendra Desai works as a senior financial analyst in Bangalore. He has been a customer of HDFC Securities for five years now. “I have routinely faced problems with price fluctuations,” he says. “The price at which shares are acquired should not fluctuate more than 5 per cent (from the time) when I put in a market buy order. But, often, I have noticed that the transaction is effected at prices that are even 8 per cent higher.” He also says that the portal often executes orders in small lots. “If I place an order for 300 shares, I sometimes get only 30. Then I am stuck holding these as orders less than Rs 1,000 are not executed. If you call the customer support centre, you will only hear the standard response of ‘we are looking into this matter’,” he says.

A. BHARGAVA
A Delhi-based photographer, he lost Rs 1 lakh while trading in Neyveli Lignite shares because the ticker on the Reliance Money portal did not show the correct share price.

While choosing your broker, ask around for the one with the best customer support. Problems are inevitable and a responsive customer care makes all the difference. Also, shortlist two or three brokers before finalising your choice. This is especially crucial if you need to have your account opened in a hurry.

Divya Agarwal, who works for an e-learning firm in Delhi, wanted to open a trading and demat account to apply for the Reliance Power IPO. She, and her husband Rohit, an army officer, zeroed in on Reliance Money as a broker and called them with a request to open an account. On 15 December 2007, the company sent an executive, the forms were filled and the signatures placed. Says Divya, “Then the guy vanished. The last date for the IPO was 18 January 2008, and even though we began the process of opening an account more than a month earlier, we had neither a username nor a password at the time of the IPO and could not participate in it.” The company, in fact, even sent her two different kits with different usernames, and then asked her to ignore one of them.

“After all this was over, they realised that the bank account was not linked to the demat account,” she says. “We had to go to their office and fill yet another form. They promised that everything would be done in three working days, but nothing happened. When we enquired again, they had lost a form and claimed that we had not filled it. Fortunately, my husband had the stamped counterfoil of the form and he had to go to their office and threaten that he would not leave until the issue was sorted out.” She feels that the site is rather confusing and says mutual fund NAVs are sometimes wrongly presented.

None of these are isolated events, nor are they specific to only a few brokers. Check out the interface of the portal, most online brokers will have screen shots of their portal on their websites. Ask the broker to send a sales executive who will demonstrate how the system works. Some brokerages have an online screen, others have applications that you can download onto your computer.

The big risk in online trading is that of technology. If you want to quickly sell a share because the prices are going down and the site is ‘temporarily unavailable’ or hangs or refuses to let you log in or execute a transaction, which could be because of a variety of reasons, you will end up with unnecessary losses. Ensure that the broker has a back-up option where you can call the customer support centre and execute the transaction over the telephone.

Always keep an eye on your demat account. Take screen shots or write down the details of your portfolio, especially on days that the stockmarket has seen volatile trade and at the end of the month. Some brokers place your shares in the pool account and trade in them to cover their proprietary positions. Examine the contract note carefully. Never assume that their calculations of brokerages and taxes are right, recheck them yourself. While executing buy and sell orders, open the NSE and BSE websites to cross-check the latest stock prices, don’t go only by the ticker on your portal.

The agreement that you sign with the broker when you open the account is long and tedious. It is also heavily loaded in favour of the broker. Unfortunately, some of the terms and conditions are mandatory, so you can’t escape agreeing to them if you want to enjoy the convenience of online trading.

Legal action can be taken under Section 79 of the IT Act in case of a dispute with a broker, but compensation for the loss of money or the mental stress undergone is unlikely. Online trading is not for the faint-hearted. Tread carefully.