Tata Mutual Fund announced the launch of a three plan retirement savings scheme — Tata Retirement Savings Fund. The new fund offer for the scheme opens on October 7 and will close on October 21.

Investors can choose from three different plans offered by the fund, depending on their age and their risk preferences. The three plans are — Progressive Plan, an open ended equity scheme; Moderate Plan, an open ended equity scheme; and Conservative Plan, an open ended debt scheme.

The Progressive Plan will be for investors below the age of 45 years and will have 85-100 per cent of its assets in equity instruments. The Moderate plan is for investors between the age group of 45-60 and will have 65-85 per cent in equity-related instruments. The conservative plan will invest only in debt-related instruments and is for investors over the age of 60 years.

The fund comes with an “Auto-Switch” feature which does away with “the hassles of adjusting the equity-debt proportion with increasing age,” said a release from the fund house.

The fund has an exit load of five per cent for redemptions within one year of allotment of units, four per cent for redemptions within two years, three per cent for redemptions within three years, two per cent for redemptions within four years and one per cent for redemptions within five years. There will be no exit load for redemptions after five years of allotment.

Noida Toll Bridge Company Declares Dividend

Noida Toll Bridge Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 04, 2011, has approved an interim dividend of 5% (Rs. 0.50 per Equity Share of Rs. 10/- each) to the equity shareholders of the Company, for the Financial Year 2011- 2012.

The stock noida toll bridge is currently trading at 22.80 on bse down 3% in todays market.

The dividend comes to around 2% of the current stock prince. One can take small position in noida toll bridge stock for a target of 25 in one to two months time.

Should you Buy SBI ( State bank of India ) now ???

The big question with current market after todays crash is that should one buy the India's largest bank State bank of India at current level. The stock is now trading at 52 year low of 1,787 which is around 50% lower than its 52 week high of around 3500.

My answer to the above question is yes one should start buying state bank of India at current level, as the stock is currently at very cheap price which we may not get in coming days. As the mood of global market is not good and RBI is bitter instance of increasing the interest rates has put a negative outlook on the banking industry in near to medium term, but the situation is not to get away but to get the stock as such low levels. If market sentiment starts to feel better they this is the stock which would lead the rally and there would not be stopping after that. Moreover, SBI is planning a 20,000 Cr rights issue which government will only clear after the market mood cheers up and SBI moves in the range of 2500 as we have seen in the case of ONGC the govt. has delayed the follow up issue due to lower valuations.

Hence, start putting the SBI in your demat account and see the value of portfolio grow to higher valuation.

Buy EROS International

Investors and traders with low to medium risk appetite can now start buy Eros Media currently market price of 236 with all time high of 258 made last week.

The fundamentals of the company looks very strong and the media industry in coming days is likely to be recession proof.

With major movies lined up for release in coming months , the profitablity of which will show on the movement of the stock which may go around 400 in coming 4 to 6 months an appreciation of around 60% from current level.

Hence start accumulating Eros Media at current market price.

Eros media upcoming releases :

1. Rock star ... starring Ranbir Kapoor 11 Nov
2. Desi Boyz...starring Akshay, John, Deepika 25 Nov
3. Raone...starring Shahruk Khan
4. Rana...starring superstar Rajnikanth
5. Agent Vinod..starring Saif Ali and Kareena
   

Top Tax Saving Mutual Funds

Here is the list of Top tax saving ELSS mutual fund ( Equity tax planning funds )
There have been arrived by doing various research on the funds in this category.

1. Canara Robeco Equity Tax Saver.... Net asset 290 Cr, 3 Yr return 24.57%
2. Religare Tax Plan ...............................Net asset 108 Cr, 3 Yr return 20%
3. Fidelty tax advantage.........................Net asset 1240 Cr, 3 Yr return 18.7%
4. Taurus tax shield.................................Net asset 69 Cr, 3 Yr return 16.3%

The above are top tax saving mutual funds which have lock in period of 3 years.
With market nearing 16,000 ( BSE Sensex ) it would be right time to invest some amount in these funds if you want to save tax for the financial year 2011-12 , not in whole but do investment in staggered manner as currently economic situation globally not good hence it would be advisable to invest around 30% of your portfolio for tax saving mutual funds now and rest later on.

Please do keep visiting the blog in future on latest updates on Indian equity market and muutal funds as well as tips of investment and stock market hot picks.

Smart Stock Picks @ June 7 , 2011

Stock recommendation by various brokerages house. Here I try to sort out very few of the thousands of recommended by various experts. And for this wee I have listed two mid cap stocks which are likely to give very good returns in the coming months. Buy and hold these stocks for few months preferably for two to three months then see the effect of holding and growing money.

• Provogue : -This stock has always been a market out performer but for last one year has not delivered the goods for some reasons but if we take into the account the earning of FY 12 and FY 13. The core business is valued at INR 45 and the value of reality business is INR 37 which at any time can be unlocked and the resultant effect would be sharp jump in the stock prices and the news officially comes out of the boardroom to dalal street.

The current price of Provogue at on today closing date is INR 39 and target is round 82 to 90 in coming days.

• Genus Power Infra :- The company's order inflow and execution have been below expectations. The stoc has seen a sharp fall and is now at quite an attractive level. At the current market price of INR 16 the valuation are very much attractive at 3.4 times FY 13E (EPS) while it dicounts its FY12 book value by 0.6 times.

Therefore start taking position in Genus Power Infra at these levels and wait for 2 to 3 months so that stock starts to give the smart returns , buy genus power infra for a target of 23 to 25 in coming days. ( Source own research, brokerage research reports and print media )

Stocks Must buy at these levels of Sensex @ 18,584 ( 12 May 2011 )

Shree Ashtavinayak Cinevision -- cmp - 5.95 target 13 in Six months time

NHPC .. cmp - 25.05 target 32 in three months time

Indosolar .. cmp.. 17.25 target 24 in three months time