HDFC Mutual Fund Permits Upto 5 bank A/cs linked with single folio

The Mutual Fund Show

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HDFC Mutual Fund now offers a facility of registering upto 5 bank accounts in your folio for receiving redemption payouts. You must specify any one bank account as the “Default” bank account and register a maximum of 4 additional bank accounts^. Upon registration, you can opt to receive future redemption payouts into the bank account of your choice (i.e. any one of the registered bank accounts) without providing any further supporting documents at the time of redemption.

However, please note that the “Default” bank account will be used for settling redemption proceeds, in case you do not specify the bank account along with the request for redemption of units. Dividend proceeds, if any, will also be paid into the “Default” bank account. You have the flexibility to change/delete one or more of the registered bank account(s) and add new bank account(s), subject to a maximum of five accounts.
Once registered, HDFC MF will intimate the registration of these bank accounts to you and also reflect them on your statement of account. Please check the same for correctness once you receive the intimation. We would like to, in your own interest, maintain confidentiality and security of your data and hence the bank account information will be partially masked. Your account statements will reflect a maximum of the last 4 digits of each registered account number.
For documentation requirements and additional details, please refer to the Frequently Asked Questions (FAQs). To download the application form for this facility, please click here.

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Pay Rs.6000, Trade Unlimited. Only Rs.15/trade Brokerage : Reliance Money

Reliance Money has introduced a new trading scheme. Pay Rs.6000 as subscription fees. Trade unlimited for 3months. You will be charged only Rs.15/executed trade, irrespective of the value of the trade. This scheme is only for new clients.
1.       Rs. 6000/- is inclusive of service tax.
2.        * The offer is for a limited period of three months (90 days) only.
3.       Rs. 15/- (inclusive of service tax) will be charged on each of the executed order.
4.       All statutory charges will levied as applicable.
5.       The DP transaction and AMC charges will be as per the tariff structure attached with the Account Opening Form separately.
6.       No Carry Forward or Rollover facility is available.
7.       Unlimited turnover (Trading Limit) in Delivery and Margin for placing order in Equity and Derivative section.
8.       Post the 90 days period, you will have to choose one of the charge structures for trading prevailing then. The structures available to the client would be Fixed (Limit Card) or Variable(Percentage Brokerage)
9.       After the expiry of the card you may either select % brokerage or set preference, else DEFAULT Card shall be assigned to you.

1. No Account Opening Charges.
2. Shares As Collateral facility (being made available for all limit card clients).
3. Super Trade Subscription for 90 days
4. Trading Calls on Super Trade/Easy/Insta/Fast Trade.
5. Client can be mapped to branch PT for servicing.


Better, more useful ads in Gmail

Official Gmail Blog: Serving better ads in Gmail
When you open a message in Gmail, you often see ads related to that email. Let's say you're looking at a confirmation email from a hotel in Chicago. Next to your email, you might see ads about flights to Chicago.

But sometimes, there aren't any good ads to match to a particular message. From now on, you'll sometimes see ads matched to another recent email instead. For example, let's say you're looking at a message from a friend wishing you a happy birthday. If there aren't any good ads for birthdays, you might see the Chicago flight ads related to your last email instead.This doesn't change the Gmail privacy policy.

This post is written by R.John Christy for

Again HDFC Bank started to charge online NEFT Transactions

HDFC Bank Ltd.

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Banks are again started to confuse their customers for changing charges for NEFT (inter bank fund transfer) transactions. First HDFC Bank started this trend. Then ICICI bank infected with this syndrome. Recently ICICI bank withdraws this fees.

Now HDFC Bank started to charge NEFT transactions done through Net banking .

Electronic Fund Transfer, Free Money Transfer, e-Monies Electronic Funds Transfer - HDFC bank4_1263991622843

Effective 16th January 2010 NEFT transactions on NetBanking would be charged as below:

  • Upto Rs. 1 lac. - Rs. 5 (inclusive of taxes) per transaction
  • Rs. 1 lac and above - Rs. 25 (inclusive of taxes) per transaction

    This moveIt is totally against customers. The banks should allow at least 5 free transactions per month.

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  • “Apart from technology, the other sector looking good is auto ancillaries” – Nirmal Bang

    A Clovis point, made via pressure flaking

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    In the latest anniversary issue of Beyond Market , Nirmal Bang says that “Apart from technology, the other sector looking good is auto ancillaries. Federal-Mogul Goetze (India) Ltd (LTP: Rs 172.65), Sona Koyo (LTP: Rs 21.60) and Gabriel India Ltd (LTP: Rs 41) can be bought as investments, Similarly, Dabur Pharma (BSE Scrip Code: 532545) LTP: Rs 138) can also be bought as an investment”.

    For full issue, please click here

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    Jubilant Foodworks Ltd. IPO : Too Risky, better avoid

    Jubilant Foodworks was founded in 1995 and the company opened its first Domino’s pizza store in January 1996. The issue comprises of 2.27 crores equity shares of face value of Rs.10 within a price
    band of Rs.135 and Rs. 145. The issue size is Rs. 306.45 crores at the lower price band and at the upper price band it is Rs. 329.15 crores. The offer comprises a fresh issue of 4,000,000 equity shares by the issuer and an offer for sale of 18,670,447 equity shares by the India Private Equity Fund (Mauritius) and Indocean Pizza Holding Limited which are looking to exit the holding in Jubilant Foodworks. Post issue the holding of promoter will reduce to 62.19% from the current holding of 66.36%.
    Proceeds of the issue will be used for:
    The company needs Rs. 35 crores to prepay the term loan to Axis Bank and Central Bank of India out of the aggregate Rs. 117.17 crores to reduce the interest burden on the company by FY11.
    To give exit to the private equity partners viz., India Private Equity Fund (Mauritius) and Indocean Pizza Holding Limited.

    Our Call

    Very high P/E multiple, very high debt and intended reasons for issue proceeds deployment make this issue unattractive.  Weighing the risks related to this company, we advice our readers to AVOID this issue.

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    Is ICICI Bank withdraws Online Inter-Bank money transfer charges (NEFT)?

    ICICI bank ATM error message

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    Recently ICICI Bank has introduced Rs.5/ NEFT transaction both for online and branch transactions. But today the bank has updated it’s common service charges page where it deleted “Through Internet: Upto Rs.1 lakh – Rs. 5 per transaction. Rs. 1 lakh and above – Rs. 25 per transaction “. It seems the bank might have silently withdrawn the online money transfer charges. But if you do NEFT transactions through Branch, the transactions continue to attract  “Upto Rs.1 lakh – Rs. 5 per transaction. Rs. 1 lakh and above – Rs. 25 per transaction”. 

    We remind our readers that HDFC Bank also withdraws the NEFT charges from 1.07.2009

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    The Game Changing Stocks worth investing for 2020

    Larsen & Toubro

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    Business India, in the issue dated January 24, 2010, came out with a list of 20 stocks that would perform better than the rest in this decade. They are

    1. Larsen& Toubro
    2. Reliance Industries
    3. State bank of India
    4. Ultratech Cement
    5. IVRCL Infrastructure
    6. TATA Motors
    7. SUN Pharma
    8. TATA Steel
    9. HDFC
    10. Bharti Airtel
    11. Reliance Infrastructure
    12. Unitech
    13. Shree Renuga Sugars
    14. Dabur
    15. Financial Technologies
    16. Bharat Electronics
    17. ONGC
    18. Mahindra & Mahindra
    19. TCS
    20. Hindalco Industries
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    Hot picks for 2010 : Business India

    The Bombay Stock Exchange, in Mumbai, is Asia'...

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    Business India, in the issue dated January 24, 2010, came out with a list of 10 stocks that would perform better than the rest. They are

    1. Spicejet
    2. Havelles
    3. ITC
    4. Lupin
    5. Hero Honda
    6. JSW Steel
    7. Aban Offshore
    8. Rallis
    9. Bajaj Electricals
    10. Allcargo Global Logistics
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    Quantum Gold ETF : Some Truths

    Email received from QUANTUM GOLD FUND is published here, without modifying even one word. Factual accuracy of this post rests with Quantum Gold ETF. Another point is that I am investing in Gold through this ETF.

    India has been the largest consumer of gold. The motive behind buying has always been savings or investments as gold is considered a perfect store of value and a lender of last resort. Jewellery purchases usually constitute about 60-70% of the total, while the rest is accounted for by coins and bars which are sold at a premium of 5- 15%.

    A new entrant in this space is the ‘Gold ETF’ which has made the entire buying process convenient and more reasonable since it comes without high premiums and making charges. With a rise in awareness about gold ETFs, an increasing number of investors are buying gold through this route. However, there are still a few who are more comfortable with the touch and feel of the yellow metal, and are a little wary of adapting to ETFs as a means of investing in gold.

    "What if the gold ETFs set up another paper bubble in the making, even though the fine print says all ETF gold investments translates into real hard gold purchases for the investor?" asked the email.

    A valid question, given the backdrop of the financial crisis and the Satyam saga that we all witnessed with disbelief and anxiety.

    While I would have liked to explain the practices adopted for managing gold ETFs overseas and in India, it would be extremely difficult to predict the same. However, I can definitely tell you about how we manage your investments in the Quantum Gold ETF.

    You might like to know that the Quantum Gold ETF is a passively managed fund. What that simply means is that we do not take a call on the price of gold nor do we try to time the market.

    With regards to the assurance of value of the ETF, we ensure that each Quantum Gold ETF unit is adequately backed by physical gold. We acquire the physical gold before we commence the creation of the equivalent ETF units.

    The physical gold is sourced strictly from refiners accredited by the London Bullion Market Association. Each gold bar that the custodian accepts on behalf of the fund is verified and substantiated by legal documents stating information on origin, purity certificate, and import details.

    The gold also gets physically verified on a regular basis. The custodian’s daily physical holding statement submits details of each bar we hold, while the auditors physically check the gold on a monthly basis.

    Other than these checks, our team at Quantum also visits the vaults every month to personally verify the holdings. For the purpose of highlighting the detailing involved in these visits, here is a brief description.

    Firstly, only authorized personnel are allowed entry. Before visiting these vaults, I considered airport security checks tedious, now they seem like a breeze in comparison, because that’s just the way visitors are scanned before entering the vault premises. Armed security and electronic monitoring only add to the ambience, which is guarded by multiple gates and metal detectors.

    Once you have passed through the security checks, you are escorted to the lockers where the gold is stored in boxes, each box carrying 25 kgs of gold. Both the lockers and the boxes carrying the gold, can be opened only one at a time.

    Every single bar is personally checked and counted, while verifying the refiner’s check marks and other specifications like the weight and purity details. All details mentioned on the purity certificate are cross checked.

    Apart from the high level of custody already entailed above, the entire gold held is completely insured.

    Other than what we have mentioned above about managing the Quantum Gold ETF, few important details that the investors should be properly aware of before making investments in Gold ETFs are summarized below:

    How is the fund managed?
    Investors also need to be aware as to how the fund is managed. Is it managed in a passive manner? Does the fund manager take a call on gold prices?
    If the fund manager takes calls on gold prices and manages the fund based on his expectations of gold prices, then there could be a significant risk in terms of delivering returns inline with gold.

    Investments in physical gold
    What proportion of funds assets are invested in physical gold? The closer the fund stays 100% invested in physical gold, the better it will be able to track prices.

    Checks employed on gold
    What types of custodial checks are employed for acceptance of gold in the fund? The rules and checks need to be strict and in line with best practices and norms followed internationally. The gold held should be physically verified and also audited on a regular basis.

    Disclosures by the fund
    There should be periodic disclosures by the fund regarding the amount of gold held.

    Quantum Gold ETF is a passively managed fund. We endeavor to stay 100% invested in physical gold as much as possible. We only accept gold bars from refiners accredited by London Bullion Market Association and the gold held is completely insured.

    Click here to invest in the Quantum Gold Fund ETF
    A Cheaper and Convenient way of owning High Quality Gold, Buy Now!

    Click Here for a list of some prominent online brokers.

    Click here to leave us a message


    • One unit equals approximately half gram Gold

    • Backed by Gold of 0.995 fineness, which is secured and insured

    • Save on making charges and premiums

    • Low recurring expenses

    • No Wealth Tax and Concessional Long Term Capital Gains Tax after 1 year

    Call Now
    Toll Free: 1 800 22 3863 or +91 6144 7804 / +91 22 2282 9414
    For more information Click Here. You can also email us at

    Support Disaster Relief in Haiti through Goggle

    PORT-AU-PRINCE, HAITI - JANUARY 13: A man with...

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    On January 12, a 7.0 magnitude earthquake struck Haiti. Join recovery efforts mobilizing around the world to assist earthquake victims. Your donation will help disaster victims rebuild their lives and their communities. Google will donate $1 million to help organizations provide relief.

    Donate to UNICEF

    • UNICEF has been the world’s leading international children’s organization, working in over 150 countries to address ongoing issues that affect children, such as clean water, education, and emergency response.
    • 100% of your contributions will reach the U.S. Fund for UNICEF to support emergency relief efforts.


    Donate to CARE

    • CARE is a leading humanitarian organization fighting global poverty.
    • Our mission is to serve individuals and families in the poorest communities in the world. Drawing strength from our global diversity, resources and experience, we promote innovative solutions and are advocates for global responsibility.


    For online donation through Google Checkout, Please visit here.

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    NSE/BSE Trading Holidays for the Year 2010

    The New York City fireworks over the East Vill...

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    1 01-Jan-10 Friday New Year
    2 26-Jan-10 Tuesday Republic Day
    3 12-Feb-10 Friday Mahashivratri
    4 01-Mar-10 Monday Holi
    5 24-Mar-10 Wednesday Ram Navmi
    6 02-Apr-10 Friday Good Friday
    7 14-Apr-10 Wednesday Dr. Ambedkar Jayanti
    8 10-Sep-10 Friday Ramzan ID
    9 05-Nov-10 Friday Laxmi Puja*
    10 17-Nov-10 Wednesday Bakri Id
    11 17-Dec-10 Friday Moharum

    The holidays falling on Saturday / Sunday are as follows:

    1 28-Mar-10 Sunday Mahavir Jayanti
    2 01-May-10 Saturday May Day
    3 15-Aug-10 Sunday Independence Day
    4 11-Sep-10 Saturday Ganesh Chaturthi
    5 02-Oct-10 Saturday Gandhi Jayanti
    6 17-Oct-10 Sunday Dasara
    7 07-Nov-10 Sunday Bhau Bhij
    8 21-Nov-10 Sunday Gurunanak Jayanti
    9 25-Dec-10 Saturday Christmas
    *Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

    Source : NSE website

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    Google's Largest Developer Event of the Year

    Image representing Google as depicted in Crunc...

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    Google announced  two days Developer Event of deep technical content featuring Android, Google Chrome, Google APIs, GWT, App Engine, open web technologies, and more.

    Google I/O features 80 sessions, more than 3,000 developers, and over 100 demonstrations from developers showcasing their technologies. Talk shop with engineers building the next generation of web, mobile, and enterprise applications.

    Early discounted registration is now open through April 16, 2010. Follow @googleio for the latest updates on I/O. (official hashtag: #io2010)

    For more information, visit

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    Infosys Result Update

    no original description

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    Infosys Q3 FY 10 revenues grew 2.8% QoQ to Rs5741 Crs while the Management guidance was Rs 5429 Crs to Rs 5476 Crs for the quarter. In US dollar terms revenues increased 6.8% QoQ reflecting improved demand. Infosys reported a diluted EPS of Rs.27.72 in Q3 FY10 which was significantly higher than its guidance.

    At current price of Rs.2488 Infosys is trading at PE multiple of 23.2 for FY10E estimated EPS of Rs.107. Expected increase in demand from US and European countries further increase the demand over next couple of quarters and provide some upside. However, expected rupee appreciation against the US dollar remains a major concern.

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    To view your tax credit statement (Form 26AS) online

    Basic creditcard / debitcard / smartcard graph...

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    To enable you to view your tax credit statement (Form 26AS) online, the Income Tax Department is undertaking a one time exercise to auto register you for this facility.


    You are requested to click on the below link to confirm that you wish to avail the auto-registration facility for online view of Form 26AS

    Auto registration facility

    1. Auto registration facility will be provided for a limited period of time where a user can register free of cost to view Form 26AS (tax credit statement) online.
    1. On confirmation an email containing login details will be forwarded in a password protected pdf file to this email id.
    1. You can login at the NSDL-TIN website with the user id / password to view Form 26AS online.
    1. On first login you will be prompted to change the password and provide new security question and answer.


    1. You are requested to keep your user id / password in a secured manner.
    2. It should not be shared with any other entity.
    3. The password should be changed periodically.
    4. ITD or NSDL will not be responsible for misuse of your user id / password.

    Happy viewing your Tax Credit Statement.

    On behalf of Tax Information Network of the Income Tax Department

    Caution: Income Tax Department does not send e-mails regarding refunds and does not seek any taxpayer information like user name, password, details of ATM, bank accounts, credit cards, etc. Taxpayers are advised not to part with such information on the basis of emails.

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    Disclaimer & Privacy Policies

    (c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
    Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

    Information and opinions provided on this website ( has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
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