HDFC Gold ETF Fund (NFO Closes on 23-Jul-10)

1 oz (Troy ounce) of fine gold

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HDFC Gold ETF Fund (NFO Closes on 23-Jul-10)

Some interesting facts about Gold:

Demand and supply balance

As a hedge against inflation and store of value

Gold provides effective diversification for investment portfolios by exhibiting low long term correlation with other asset classes

As a safe haven in times of financial, economic and political crises

Gold is so rare that the world pours more steel in an hour that it has poured gold since the beginning of time

Gold has lustrous beauty, it’s easily workable, it is rare, and it is virtually indestructible - four characteristics that no other precious metal possess

All the gold in the world could be compressed into an 18 yard cube*

Experts estimate that there are only 41,000# tons of gold left in the earth to mine

Sources of demand for gold are extremely diverse – both geographically and sectorally – as compared to those of many other assets

Gold demand is predominantly discretionary unlike most commodities and hence less exposed to the vagaries (i.e. unpredictability) of the economic cycle

These factors explain the independence of the gold price and why demand has remained robust in the face of a rally that has spanned several years

Sources of Gold Demand

Jewellery (68%): Consistently accounts for 2/3rds of demand. Amounted to US$ 61bn in 12 months ending Dec. 2008, making it one of the largest consumer goods in the world.

Investment (19%):

Identifiable investment demand in gold has increased considerably in recent years. Since 2003, investment has represented the strongest source of growth in demand. Wide range of reasons and motivations for people and institutions to invest in gold.

Industrial (14%): Over half of industrial demand arises from its use in electrical components. Used in various medical and Bio-medical applications. Recent research has uncovered number of new uses like catalyst in fuel Cells, chemical processing and controlling pollution.

Why invest in GOLD ETF? What are the benefits?
 Low cost: When you buy RGETF you only have to pay brokerage charges, which is usually much lower than paying for making charges when you buy physical gold.

Transparency: GETF, the rates are transparent as they are traded like a share on the National Stock Exchange and therefore it provides the ability to buy and sell them quickly at the ruling market price and therefore highly liquid. There is no consistency when you buy and sell physical gold across jewellers or banks

 Safety & Security: Zero concerns about security, theft. Safeguard in the form of electronic mode in the case of unforeseen circumstances where you have lost all the physical wealth

 Collateral for trading on NSE: GETF is accepted as collateral for trading on National Stock Exchange of India Ltd.

 Ability to buy in small units: GETF one unit is approximately equal to one gram of gold which can be directly bought through the trading terminals.

 No securities transaction tax for trading GETF on the National Stock Exchange Of India Ltd . Wealth tax is also Nil.

Feasibility: Gold ETF units are available on NSE and BSE which provides feasibility to the investor to buy and sell the units during trading hours of the exchange. It enables to to limit orders as well as permits intraday trading.

You can buy any of the following Gold ETF as all are giving same return.

Religare Gold ETF

Gold Benchmark ETF


Kotak Gold ETF

Reliance Gold ETF

Quantum Gold


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Dewan Housing Finance Ltd (DHFL) Special Fixed Deposit Drive (01.06.2010 To 31.07.2010)

Credit Ratings: BWR : FAAA  CARE : AA+ FD

Company highlights :

DHFL is the Nation’s 2nd Largent Housing Finance Company in the Private Sector, with 26 years of Operational Legacy & Diversified Operational Platforms such as Insurance distribution, Project Funding, Property services, Technical Consultancy etc.

Despite the higher cost of funds and low exposure to the non-retail segment, the company’s presence in the niche segment of rural and semi-urban regions enables it to earn superior margins. The company follows its cardinal principle of lending only to “end users’ enable it to sustain asset quality.




Easy way to file your INCOME TAX RETURNS electronically

Here comes the easy way to file your INCOME TAX RETURNS electronically and avoid long que, time & tension....

Step-1 : Go to and Register yourself (if not done earlier).

Step-2 : Download Excel Utility(Version 1.0) Return Preparation Software for ITR-1 which is an EXCEL file, (I am attaching the same with this mail).

Step-3 : Open the Excel file, Enable Macros as given in the 1 page,  Macro enabling steps varries between Excel 2003 and 2007 versions... and both r easy....

Step-4 : Fill-up your details Click validate button to validate the page and go next. After completing all pages, Click Generate and Generate XML file your desktop.

Step-5 : Then login to the Income e-filing site as given above SUBMIT RETURN, select Assessment year as 2010-11, Select  Return form as ITR-1, choose Digital Signature  as NO, Click next, then upload the generated XML file.

Step-6 : Download your ITR-V either after successful upload or from your email or anytime from your MYRETURN section, ITR-V file is password protected and the password is your 10 digit PAN number and 8 digit DOB (DDMMYYYY), all in lowercase.....


“Income Tax Department – CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka, ” BY ORDINARY POST ONLY within 30 days after the date of transmitting the data electronically.

INVEST RS.47500 & GET RS. 100000 AFTER 10 YEARS

One rupee — Obverse

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INVEST RS.47500 & GET RS. 100000 AFTER 10 YEARS

Bond Price   Rs.9500 per Bond

Minimum Bonds   5 (FIVE)

Amount Payable on application  Rs.47500

Maturity value Rs.100000

Tenure 10 years

Gross yield Rs.52500

Capital Gain Tax 10% without indexation benefit


Post Tax Return Rs.47250

Compounded yield 7.73%

Post Tax Simple yield 9.95%

Post Tax compounded yield Zero coupon bond


YTM (post Tax) (Rs.47500 X 9.95% X 10years = Rs.47250) 9.95%

Application Money 3.50%

NRI (Non Resident Indian) also can invest in BNB Bonds. They will be allowed to invest in Indian rupee only. However, while accepting the investments from NRIs, it must be clear that tax will be deducted at source in terms of IT Act, 1961.

NRI may tick in ‘others (specify)’ column and write ‘NRI’.

  • “AAA” Rating by CRISIL & CARE.
  • Income will be treated as Capital Gain & taxed accordingly.
  • Benefit of Indexation.
  • Allotment of Bonds : 1st of Every Month.
  • Listing : on BSE  
  • Trade : Minimum lot size of 5 bonds.

Application form can be down load from : thereafter Click on Bhavishya Nirman Bonds.      

Bankers to the Bond Scheme         : AXIS BANK ( formerly known as UTI bank)

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No Mobile Number Portability this year?

Crystal Clear app kuser

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Mobile subscribers will have to wait longer if they want to migrate to another service provider while retaining the same number. The government is likely to postpone the launch of the mobile number portability (MNP) scheme to early next year. The present deadline for implementation of the scheme was this month-end.

“The new dates will be announced soon. This time, we will ensure the service providers have enough time to get ready for MNP and there is no further extension for its implementation,” the official said.The MNP Gateway is required to handle porting communication between operators.

Implementation of Mobile Number Portability would help us to choose the best operator without changing the number. Govt.’s repeated postponement will protect the profitability of old operators like Airtel and Vodafone. Old Operators successful lobbying resulted in this move which effectively postpone the large number of mobile subscriber’s churning.  

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HDFC MF Asst. V.P banned by SEBI

Stylized crime.

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HDFC Asset Management Company’s Assistant Vice President–Equities Mr Nilesh Kapadia, has been banned by SEBI from buying, selling or dealing in securities, directly or indirectly, or being associated with any intermediary or any entity registered with SEBI .

A SEBI order issued on Thursday also asked the AMC to not utilise the services of Mr Kapadia. The AMC has also been asked by SEBI to set up an investigation committee to examine the dealings by Mr Kapadia. The order, issued by Dr K.M Abraham, Whole Time Member, SEBI, has directed Mr Nilesh Kapadia and HDFC AMC to also jointly deposit the estimated losses amounting to Rs 2.38 crore, with the trustees of HDFC Mutual Fund.

SEBI investigations found that Mr Kapadia had tipped off an associate Mr Rajiv Ramniklal Sanghvi before placing the orders for HDFC AMC; Mr Sanghvi in turn traded based on such tips and instructions, thereby making substantial gains. The investigations conducted so far in the matter have revealed 38 instances over 24 days across BSE and NSE during April to July 2007, the SEBI order said.

Though MF investors are not directly affected by the actions of Mr. Kapadia, he indeed made a killing by front running (If HDFC Asst Management company decides to purchase for example Reliance, Mr.Kapadia buys Reliance in Huge quantity before HDFC MF buys .  When ever MF enter a company, their orders would be in crores which would push the price up. Immediately Mr. Kapadia would offload the shares and makes unethical profit – company name Reliance is used for illustrational purpose only).

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Google Docs now easy to share

Official Google Blog: Easier sharing in Google Docs
Google Documents, spreadsheets and presentations can now be identified as “Private,” “Anyone with a link” or “Public on the web.” As before, all docs start out as private by default.

These new visibility options appear as a link next to the title of every doc. Clicking this link or the “Share” button takes you straight to the new interface where you can see who has access, manage sharing access and invite others to share the doc.

These improvements have started to roll out and should be available to everyone in the next week.

WWW.INVESTCHIPS.COMThis post is written by R.John Christy for

Revised Direct Tax Code

Income tax

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The Govt. of India has release the revised discussion paper on Direct Tax Code which is expected to replace Indian Income tax Act. You can access the complete document here.

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Franklin India Prima Fund - 80% Dividend – Record Date June 18

Mutual fund

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Franklin India Prima Fund-Dividend

Dividend Rate                      : 80%

Record Date                         : June 18, 2010

NAV                                        : 47.6601

AUM                                        : 924cr

Date of Launch                    : December 1, 1993


1Year                                     : 43.43%

5Years                                   : 14.99%

7Years                                   : 31.26%

10Years                                 : 27.59%

Those wish to strip dividend can do with this fund.

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Mediclaim Policy Portability Soon


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Mediclaim policyholders, who are not satisfied with the service of their existing service providers, will be able to switch to another insurer soon without any change in the premium outgo.

However, this facility will be available to those policyholders who are insured for a sum of Rs1 lakh and above, to begin with. It has been decided to widen the cover, according to the recommendation submitted by the General Insurance Council, an association of non-life insurers.

At present, a policyholder is given health cover for a year and the same has to be renewed every year. If there is no claim, the policyholder is entitled to a bonus in the form of increased sum and for every claim-free year, this bonus gets accumulated.

However, under the proposed new policy, after the expiry of the term, if one intends to switch over to a new company, the accumulated bonus is not carried forward and one has to start all over again.

For senior citizens it becomes all the more difficult because companies are reluctant to sell new Mediclaim policies to the elderly.

Two insurers do not generally have identical mediclaim policy and so both the industry and the regulator are working out a minimum benefit that would be carried forward in case of change of the insurer.

The industry also expected to set the guaranteed minimum covers as agreed by companies which can be carried along to a new company. This will allow the insured to know the facilities he can carry to the new company.

Source : News Reports

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Uninor introduces unlimited local calling pack

Telenor / Uninor

Image by Espen Klem via Flickr

For a monthly recharge of Rs.198, Uninor offers you Local calls Uninor to Uninor 120000 seconds free;
Local calls Uninor to others 42000 seconds free and STD @ 1 p/sec.

For a monthly recharge of Rs.197, Uninor offers you up to a maximum 2000 mins. of local Uninor to Uninor calls per month and Maximum 700 mins. of local calls to other networks per month. After plan validity expiry a base rate of 60p/min. for all local & STD calls will apply as per ‘Uninor-60’ plan. MMS @ Rs. 5/event and myuninor WAP/internet @ 10p/10kb.

This tariff is applicable to AP, Bihar, Kerala, Orissa, TN (incl. Chennai), U.P. East, U.P. West circles.

For more details, please click here.

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SBI PSU Fund - Invest

“PSU stocks are available at reasonable valuations, despite being consistent wealth creators and holding strong potential for future growth. It may be recalled that even during the global financial crisis in 2008, PSUs have done well”, SBI Mutual Fund Chief Investment Officer Mr Navneet Munot said in an interview.

SBI Mutual Fund, a subsidiary of State Bank of India, has launched SBI PSU Fund. The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs and others.

  • Scheme Name: SBI PSU Fund
  • NFO Start Date: 17-May-2010
  • NFO Close date: 14-June-2010
  • Offer Price: Rs. 10.00
  • Minimum Subscription: Rs. 5,000/-
  • Entry Load: Nil
  • Exit Laod: 1%, if redeemed before 12 months. Otherwise, Nil.

    SBI PSU Fund will be benchmarked against BSE PSU Index and will be managed by Rama Iyer Srinivasan, who holds 16 years of experience in the area of financial services, apart from holding an M.Com and MFM degree. Presently Srinivasan is also the fund manager of Magnum Equity Fund , Magnum Global Fund Magnum Sector Funds Umbrella - Emerging Business Fund and SBI Infrastructure Fund - Series I.

    What is our take?

    Investing in PSU’s is a good sounding theme. Proposed compulsory 25% public holding would present compelling opportunities to get good PSUs at reasonable valuation. But they would not be a multi-bagger in near term. Those who already invested in quality Mutual Funds, can subscribe this NFO as a diversification option. As other balanced equity funds also holding PSU stocks in portfolio, investors should not add this fund as a core option but as a satellite fund with limited allocation

    New Blogger Template Designer

    Official Google Blog: Express yourself with the Blogger Template Designer
    The Blogger Template Designer is Google's big first step in improving not just their template designs, but all the ways that you can customize the look and layout of your blog. If you try out the Blogger Template Designer, you’ll find:
    • Fifteen new professional templates to start from (and more on their way)
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    WWW.INVESTCHIPS.COMThis post is written by R.John Christy for

    Gold could fall 40% from peak: Prechter

    Crystaline Gold

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    The price of gold could drop 40 per cent from its all-time high because of bearish technical momentum and deflation amid a European debt crisis, said Elliott Wave International President Robert Prechter on Monday.

    In January, he had forecast that gold could drop at least 40 per cent from its peak value because of deflation and over-ownership.
    Asked if Prechter still expected gold to correct 40 per cent, he said that extremes in technical indicators still "leave gold vulnerable to that large of a decline."
    "I still feel that gold is not going to the moon here. It's not a market that you want to be long, just as you didn't want to be long stock in the first quarter."
    In addition, Prechter said investors should be out of the equity markets completely and he continued to expect U.S. stocks will fall below the March 2009 low of about 666 points on the S&P 500 index.

    Prechter is known for forecasting a big bull market in stocks in 1982 and for getting out before the 1987 stock market crash.

    I don’t think that the gold price would ease till world economic turbulences are over. As EU crisis expected to aggravate further, Gold may touch new high soon. Then Prechter’s predictions may prevail. 

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    Hey, what is up?


    Image by Getty Images via @daylife

    For the last few weeks, market has shown unpredictable erratic movements. Both experts and naive common investors are wrong in predicting the market. But FII are seems to be exiting even from bluechips. They are practicing the same old technique. Releasing so called research reports, news of QIB placement, new strategic investor inclusion, oil discovery, new orders, etc…………, which are not readily verifiable. Even before you blink, the interested parties are exiting with handsome profit. Indiainfoline last week came out with two research reports released on the same day, one recommended selling of Punj Lyod  and another recommended buy of that great company. ( Buying recommendation for Private investors and selling recommendation for common investors).  Beware. During uncertain times like this, fundamentals are more important.   

    Don’t enter any Telecom stocks now. Only few players would survive next three years. Data services fetch income only after 3 years. Till such time, all are equal. Just exit. You would get these shares half the present price in some time within next two years.

    I favor power sector and some pharma stocks. Accumulate SJVN , NHPC and GVK Power. Glenmerk may perform well in next 3 years. 

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