Explanation and meaning of technical terms in a mutual fund factsheet : EXPENSE RATIO, PORTFOLIO TURNOVER, STANDARD DEVIATION, SHARPE RATIO and BETA

EXPENSE RATIO
This is what investors pay the fund house for managing their funds. It includes the cost for managing and operating the fund, besides the administrative and sales expenses. While equity funds can charge an expense ratio up to 2.5 per cent, debt funds can charge up to 2.25 per cent. Say, if you have invested Rs 10,000 in a fund with an expense ratio of 1.5 per cent, you will be paying the fund house Rs 150 annually to manage your investment. A higher expense ratio will mean lower returns as it is deducted every year. The net asset value (NAV) of a fund is calculated after considering its total expenses.

PORTFOLIO TURNOVER
This measures the frequency with which a fund house buys and sells stocks. If it does so frequently, it will incur higher transaction costs. This will, in turn, impact the returns since higher costs mean lower returns for the investor. Portfolio turnover is calculated by taking the total number of new scrips bought or sold (which ever is lesser) and dividing it by the total NAV of the fund.

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Most famous Temples of Delhi : Birla Mandir,Kalkaji Mandir, Chattarpur Mandir, Iskcon Temple, Lotus Temple, Bala Hanuman Temple , Akshardham Temple, Aurobindo Ashramà, Gauri Shankar Temple, Kali Bari Mandir : values, faith, Importance, origin and visit times

In an antique land like Delhi, the spirituality and devotion for the supreme self rises much higher than the soaring spires of old temples. The capital is dotted with serene temples that portray an impeccable blend of exquisite architecture and reverence, nestling under the shadow of evergreen trees. During the festive season,you can see hundreds of devotees hemming into offer their ovation,along with hundreds of coconuts,fragrant garlands and sweets. The temples are adorned with colorful lights that create a magnificent vista,glittering handsomely in the eyes of the devotees.


Birla Mandir

Birla Mandir also known as Laxmi Narayan Temple, it is ideally located in central delhi (Mandir Marg). This Temple which is dedicated to goddes of wealth,Laxmi and Narayana was built in 1938 by prominent Indian Industrialist Raja Bal Dev das Birla and inaugurated by Mahatma Gandhi. This Temple is built in Orrisa style and has man Idols representing various gods of Indian panthon.

Kalkaji Mandir

Situated beyond the commercial complex of Nehru Place this temple is dedicated to the Goddess Kalka Devi. Its oldest section dates back to 1764 and additions were made in the mid-19th century. However most of the building is modern thousands of pilgrims visit the temple specially in Octomber during the nine days of Navratras,when a huge fair is held here.


Chattarpur Mandir
 

One of the most popular hindu temples around Delhi,Chattarpur Mandir is located at a distance of four kilometer from Qutab Minar. The main temple is dedicated to Goddess Durga, while the devotees can also worship Shiva,Vishnu,Laxmi aur Ganesh in adjoining temples.During Durga puja days this place attractes a large number of devotees, who gather here to prayers. It is believed that tying a thread on a tree located in the temple premises will get the desired wishes fulfilled. It is a big temple complex that represents both South and North Indian style of architecture.

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30,000 degree students of Vinoba Bhave University (VBU) would be using computerized answer sheets at their degree Part III examination

For the first time, nearly 30,000 degree students of Vinoba Bhave University (VBU) would be using computerized answer sheets at their degree Part III examination commencing from Tuesday.

Although college authorities fear that the students from rural background may not be able to fill the required information on the computerized first page of the answer books, the university has made elaborate arrangement to ensure that everything passes off peacefully.

The university has distributed dummy copies of the first page of the computerized answer sheet along with admit card to the students well in advance to avoid any last-minute trouble at the examination hall.

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Dravyansh Sharma of Delhi Public School, Meerut Road Ghaziabad with an overall aggregate of 98.6 per cent stood first in the overall merit list of students who appeared in class 12th examinations conducted by Central Board of Secondary Education (CBSE) from Uttar Pradesh and Uttarakhand

Dravyansh Sharma of Delhi Public School, Meerut Road Ghaziabad with an overall aggregate of 98.6 per cent stood first in the overall merit list of students who appeared in class 12th examinations conducted by Central Board of Secondary Education (CBSE) from Uttar Pradesh and Uttarakhand and the results for which were declared on Monday.

Sharma was closely followed in the second spot by Sachin Kumar of DAV Centenary Public School, Haridwar with an aggregate of 98 per cent followed by Kalyani Chaudhary of Army Public School, NOIDA, Gautam Buddh Nagar with 97.6 per cent.The fourth spot went to Sanchit Gangwar of Ben Hur Public School, Pilibhit with 97.6 percent while Paridhi Gupta of DPS Shastripuram , Agra with 97.4 percent bagged the fifth spot.

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The Chennai region has topped the rest of the country in pass percentage with 91.32% in the Central Board of Secondary Education's CBSE class 12 board exams this year 2011

Releasing the Class XII results on Monday, CBSE said 91.32% of students who took the exam in the region had passed, well above the national average of 81.71%.

The region, which scored over the national average on almost all parameters, however, saw a dip when compared to the performance in 2010. The pass percentage saw a dip from last year as did the individual pass percentages of boys and girls.

CBSE does not release the list of top rankers nor the top marks. In Chennai, at least five students notched aggregate scores of 487 and above. Among the high scorers were S Divya of Modern Senior Secondary School in Nanganallur with 98.4% and K A Sumana of PS Senior Secondary School in Mylapore with 98.2%.

School heads said that while there didn't seem to be much change in the number of centums in maths from last year, the number of centums in physics had gone down. Students had said earlier that physics exam was tough.

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Fort five-year-old Premlata Agarwal ,Mother of two daughters, became the oldest Indian woman to conquer Mount Everest

Mumbai:  Premlata Agarwal became the oldest Indian woman to conquer Mount Everest on Friday, an official said here.  Mother of two daughters, one of whom is married, Premlata ascended the world's highest peak at 9.35 am, said a spokesperson for her sponsors.

Fort five-year-old Premlata began her preparations to scale the world's tallest peak on May 6 when she went from the base camp at 18,000 feet to Camp 2 at 22,000 feet.

Then, with the help of artificial oxygen, she reached Camp 3 at 23,000 feet and Camp 4 at 26,000 feet.

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Mobile phones and computers with wireless internet connections pose a risk to human health and should be immediately banned in schools

Mobile phones and computers with wireless internet connections pose a risk to human health and should be immediately banned in schools, a powerful European body has ruled. A Council of Europe committee examined evidence that the technologies have "potentially harmful" effects on humans, and concluded that immediate action was required to protect children, the Daily Telegraph reported.

In its report, the committee said it was crucial to avoid repeating the mistakes made when health officials were slow to recognise the dangers of asbestos, smoking, and lead in petrol.

The report also highlighted the potential health risks of cordless telephones and baby monitors, which rely on similar technology and are widely used. Fears have been raised that electromagnetic radiation emitted by the wireless devices can cause cancers and harm developing brains.

Experts are divided on the issue. Les Barclay, the vice-chairman of the Mobile Telecommunications and Health Research Programme , said: "There is very little evidence for harmful effects. The powers that mobile phones emit are getting less and less."

Paul Elliot of Imperial College London, who is leading a study on the effects of mobile phone use, said: "There are questions about whether mobile phones might have cognitive effects and affect sleep."

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Pay your commercial taxes anytime, anywhere online through e-remittances from six banks - SBI, SBM, SBH, Syndicate Bank, Canara Bank and Union Bank of India, without physically approaching an office of the Commercial Taxes Department in Karnataka

Karnataka today became the first State in the country to launch an e-payment system for commercial tax payers.

Speaking at the launch, Reserve Bank of India Deputy Governor Shyamala Gopinath wanted such a system to be adopted by other States.

The system enables dealers to remit their commercial taxes anytime, anywhere, without physically approaching an office of the Commercial Taxes Department (CTD). 

Karnataka Chief Minister B.S. Yeddyurappa launched a comprehensive e-Payment system for Commercial Taxes Department in Bangalore on Thursday. Photo: K. Gopinathan.

Right now, e-remittances can be made from six banks - SBI, SBM, SBH, Syndicate Bank, Canara Bank and Union Bank of India.

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IPL cheerleader Gabriella Pasqualotto fired for blogging on flirtatious cricket players

South African cheerleader Gabriella Pasqualotto has become an internet sensation and a mini-celebrity back home after being kicked out of the IPL for secretly blogging on player behavior in post-match parties. The 22-year-old Gabriella, from Pietermaritzburg, was one of the 40 South African cheerleaders in the IPL and was employed by Mumbai Indians. She reportedly wrote about "flirtatious" and "inappropriate" behavior by the cricketers and even mentioned some of them. South African media reported that her blogs created "privacy concerns" for the players.
 

Gabriella told the press she believed many cheerleaders had intimate relations with cricketers and accused her employers of being "hypocritical". Reports suggest she was sacked after a cricketer and another cheerleader complained to the IPL chairperson.

"On Tuesday last week I was sent home as if I was a criminal. I was treated as if I had taken drugs or done something awful and I was never offered an opportunity to give my side of the story," Gabriella told the Witness. "It's a joke. There are cameras everywhere at these after-parties watching what they (the players) got up to. The guys treated us like pieces of meat. We couldn't go anywhere without the crowds mobbing us and many of the girls did not behave. But nothing I wrote was directed at any one person. I think the cricketers who complained had a guilty conscience."

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Civil Services (Main) Examination 2010 results and topper is Ms S Divyadarshini from chennai and Ms Sweta Mohanty from Hyderabad is 2nd

Ms S Divyadarshini has topped the Civil Services (Main) Examination 2010, the results of which were announced today, while the second position has gone to Ms Sweta Mohanty from Hyderabad.

Mr R V Varun Kumar of Chennai, the topper among male candidates, has secured the overall third rank.

Ms Divyadarshini has done her B.A. B.L. (Hons.) from Dr Ambedkar Law University, Chennai. This was her second attempt at the prestigious examination.

Ms Mohanty has done B.Tech. (Computer Science) from the Gokaraju Rangaraju Institute of Engineering and Technology, Jawaharlal Nehru Technological University, Hyderabad. Mr Varun Kumar has done Bachelor in Dental Sciences from the Ragas Dental College, Chennai. This was his third attempt in the examination.

An official press release said that, based on the results of the written part of the examination held in October-November last year and the interviews for personality test held in March-April this year, the Union Public Service Commission (UPSC) has recommended 920 candidates for appointment to the Indian Administrative Service (IAS), the Indian Foreign Service (IFS), the Indian Police Service (IPS) and the Central Services, Group A and Group B.

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All new Hyundai fluidic Verna Ex Showroom and on Road Price in Delhi of petrol and diesel versions , whats new in Fludic Verna with detailed features and models

Hyundai Motor India Limited, the country’s largest exporter and the second-largest car manufacturer, launched the all-new Fluidic Verna today. The new Verna bears Hyundai’s new design philosophy of ‘Fluidic Sculpture’.

The Fluidic Verna boasts of futuristic looks, luxurious interiors, cutting-edge technology and premium appeal. Speaking at the launch of the much-awaited Fluidic Verna sedan,                  Mr. H W Park, MD & CEO, HMIL, said, “The Verna has been a trendsetter since it was first launched in 2006. We are confident that the all-new Fluidic Verna will create a new benchmark and raise the bar for the upper mid size cars in India. The launch today further reinstates our commitment to provide the best-in-class design, quality and technology to our customers here.”

DYNAMIC AND FUTURISTIC DESIGN

The new Fluidic Verna pioneers a host of premium and futuristic design elements based on the Fluidic Sculpture Design Philosophy. The car’s futuristic design sports a coupe like side profile which is further refined by elegant and continuous character lines. On the front, the Fluidic Verna displays the next generation hexagonal grille, eagle eye headlamps with wide air dam and distinctive ‘L’ shaped fog lamps that enhances the overall look of the car.

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Eating almonds has a positive effect on reducing low density cholesterol and also improves insulin sensitivity & helps in reducing diabetes

As India grapples with a major public health problem, being home to an estimated 50.8 million diabetic population, the largest in the world, experts say "consuming a few almonds daily can help combat the lifestyle disease."

"Eating almonds has a positive effect on reducing low density cholesterol and also improves insulin sensitivity; so it does help in pushing diabetes away," says Ritesh Gupta, head of clinical operation at Fortis C-Doc Hospital.

"It is a healthy source of fibre, protein and calories and has been found to have a positive effect in reducing bad cholesterol and improved insulin sensitivity," Gupta told.

Diabetes is caused when there is deficiency of insulin hormone, which controls blood sugar level. Its symptoms include fatigue, excessive thirst and frequent urination.

"With an estimated 50.8 million people living with the disease, India has the world's largest population of diabetics in the world, followed by China with 43.2 million," says the World Health Organisation (WHO).

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Investment under Section 80C to save tax : PF & VPF, PPF, NSC, ELSS, Life insurance premiums, Home loan,Stamp duty, registration charges, Fixed deposits (FDs) and Interest paid on education loan

To encourage savings, the government gives tax breaks on certain financial products under Section 80C of the Income Tax Act. The section helps you save taxes on investments up to 1 lakh - if you are in the highest tax bracket of 30%, you can save Rs 30,000 in taxes. Here are the options available under the section:

PF & VPF: Provident Fund (PF) is deducted from your salary. Your employer also contributes to it. While the employer's contribution is exempt from tax, your contribution is counted as investment under Section 80C. You can also contribute additional amounts to Voluntary PF (VPF). The EPFO has announced a 9.5% rate of return on deposits for 2010-2011. Also, the interest earned on the investments is tax-free.

Public Provident Fund (PPF): A PPF account can be opened with a nationalised bank or a post office. The rate of interest earned is 8%, which is tax-free, and the maturity period is 15 years. The minimum required contribution is Rs 500 per year and the maximum allowed is Rs 70,000.

National Savings Certificate (NSC): This is small-savings instrument for a period of six years. The rate of interest is 8%, compounded half-yearly. The interest accrued every year is liable to tax, but the interest earned is also deemed to be reinvested and, thus, eligible for tax deduction.

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