LIC Wealth Plus Plan - Guaranteed returns of Highest NAV from first 7 years payable on maturity

LIC has launched a Unit Linked plan called Wealth plus plan.
The feature of this policy are as follows.

• Highest NAV payble from first 7 years or NAV on maturity of 8th year whichever is higher on maturity.
• single premium or 3 years premium payment
• Min Rs 40,000 for single premium or Rs 20,000 for 3 years
• Policy matures after 8 years
• Risk cover 1.25 times of single premium policy / 5 times of anualized premium of 3 year policy
• Partial withdrawal allowed after 3 years

In face of it this looks a very good product which can give guranteed returns with stock market benefit on upside and no risk on downside. but we will have to wait for the fine print on the asset allocation and charges levied on this product before we can pass a judgement on it.

Top performing Mutual Funds for the month of January 2010

Top performing equity diversified Mutual Funds for the month of Jan 2010 are as follows

1. IDFC Premier Equity
2. ICICI Pru Discovery Fund
3. Religare Mid N Smallcap Fund
4. DSP - BR Micro Cap Fund
5. ICICI Pru Emerging S.T.A.R Fund

Top performing Tax saving ELSS equity Mutual Funds for the month of Jan 2010 are as follows

1. SBI Tax advantage Sr-1
2. Can Robeco Equity Taxsaver
3. Reliance Tax saver ELSS
4. ICICI Pru Tax Plan
5. Tata Infra Tax saving Fund

Axis Tax saver makes a debut in the first month of 2010 in ELSS Category.

Dividend declared by HDFC Long Term Advantage Fund

HDFC Mutual Fund has declared dividend under HDFC Long Term Equity Fund, Dividend is 12.50%. The record date is January 8, 2010.

HDFC Longterm Advantage fund is an ELSS tax saving Fund and on an average in past 1 year its return is 93%  and that of sensex is 86%. If you look at the long term return of over 5 years then the return is 20% compounded annually compared with sensex return of 22%.  

Top performing Mutual Funds of 2009

Top performing Equity Mutual Funds for the year 2009

1. Principal Emerging Bluechip
2. JM Mid Cap Fund
3. ICICI Pru Discovery Fund
4. Taurus Infrastructure
5. Principal LT Equity 3 yr

 Top performing Balanced Mutual Funds for the year 2009

1. Kotak Dynamic Asset Allocation
2. HDFC Prudence Fund
3. ICICI Pru CCP - Gift Plan
4. Reliance RSF Balanced
5. Tata Balanced Fund

Top performing ELSS Mutual Funds for the year 2009

1. ICICI Pru Tax Plan
2. Birla SL Tax Relief 96
3. HDFC Tax Saver
4. ING Tax saving
5. Taurus Tax Shield

Sensex gave a return of 78% and Nifty gave a return of 73% approximately in the year 2009.
We are still to reach the earlier highs but the Nifty closing above physological 5200 mark is good end to the year 2009 and 2010 seems to be lot more promising and exciting with power sector could be leader in coming year.

UTI Mutual Fund declares dividend in Tax saving scheme

UTI Mutual Fund declares a dividend in two of its schemes.
1) UTI Tax saving ELSS Fund - 15% dividend
2) UTI Transportation and Logistics Fund  - 15% dividend.


the record date for above dividend is 29th December 2009

Top performing Mutual Funds for the month of November 2009

Top performing diversified Equity Mutual Fund for the month of November 2009

1. SBI Magnum Comma Fund
2. JM HI FI Fund
3. Birla SL comm Equity
4. Sundaram Media and Ent.
5. Religare AGILE Fund

Top ELSS MF for the monthe of November 2009

1. Bharti AXA Tax Advantage
2. JM Tax gain Fund
3. DBS Chola Tax saver Fund
4. Religare AGILE Tax
5. HSBC Tax Saver Equity Fund

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 !