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kentmss
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Hi, Its Srikanth Matrubai here. I am 36 years old Certified Mutual Fund Advisor based in Bangalore. I am in the stock markets since 1991. After going through the stock market turbelance for more than 17 years, my conclusion is that the mutual funds are the best avenue for investments. Share Market is the best avenue for returns but here you need patience, experience and lots and lots of luck and also you should be ready to lose some money (at least in initial stages) and last, but not the least, you should have deep pockets.
So, my advice is for the First 3-5 years you are better off investing in Mutual Funds, where even a SIP of 100 is available. My favourites are Birla Sunlife Frontline Equity, DSPML World Gold, DSPML Natural Resources, DWS Tax Saving Fund, Fidelity Equity, HDFC Prudence, HDFC Top 200, JM Contra, Principal Personal Tax Saver, Reliance Growth, Reliance Vision, SBi Magnum Balanced, Sundaram Select Focus, Sundaram Rural, Templeton India Equity Income, .
But whatever your choice of fund is, Always consult a Good Mutual Fund Advisor or Boarders like Ranjan, Wadia,Ashalanshu,Pcspune and always always preferably invest via SIPs. I am not calling myself as an expert but I am a student of Mutual Funds here to share views and exchange ideas and make myself a Competent Mutual Fund Advisor.
For Direct Stock Investment, my Long Term Picks are GMR INFRA, FORTIS HEALTHCARE, KARNATAKA BANK, RELIANCE PETRO, SANDUR MANGANESE, SHREE RENUKA SUGARS AND WEBEL SL ENERGY.
As a Financial Advisor, my principal is "Do what is best for your client". If the client is happy, my business will grow in the long run.
You can also view my thoughts at my blog goodfundadvisor dot blogspot dot com
Best of luck
So, my advice is for the First 3-5 years you are better off investing in Mutual Funds, where even a SIP of 100 is available. My favourites are Birla Sunlife Frontline Equity, DSPML World Gold, DSPML Natural Resources, DWS Tax Saving Fund, Fidelity Equity, HDFC Prudence, HDFC Top 200, JM Contra, Principal Personal Tax Saver, Reliance Growth, Reliance Vision, SBi Magnum Balanced, Sundaram Select Focus, Sundaram Rural, Templeton India Equity Income, .
But whatever your choice of fund is, Always consult a Good Mutual Fund Advisor or Boarders like Ranjan, Wadia,Ashalanshu,Pcspune and always always preferably invest via SIPs. I am not calling myself as an expert but I am a student of Mutual Funds here to share views and exchange ideas and make myself a Competent Mutual Fund Advisor.
For Direct Stock Investment, my Long Term Picks are GMR INFRA, FORTIS HEALTHCARE, KARNATAKA BANK, RELIANCE PETRO, SANDUR MANGANESE, SHREE RENUKA SUGARS AND WEBEL SL ENERGY.
As a Financial Advisor, my principal is "Do what is best for your client". If the client is happy, my business will grow in the long run.
You can also view my thoughts at my blog goodfundadvisor dot blogspot dot com
Best of luck
Also see kentmss’s rated messages
07 Oct 2008 19:33
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Dear udydudy,
Your message deserves a 5 Star Rating and I have given so. You are bang on target. Even Prashant Jain of HDFC Mutual Fund has said "You find Multibaggers more in a Bear Market". The markets may fall another 10%, even 20%, but it will not become a Zero. These FIIs are in a Bad Shape, they HAVE to sell to meet the Redemption Presurre they are facing back home. It is THEY who are facing the problem and hence selling, they Why should You and me sell, it is the time to BUY.
India is in a High Growth Mode. Smart money always chases High Growth. And it will not be long before the Inflows start flowing again.
Then, my dear friend, don`t cry over split milk and say you missed the rally again.
Buy, now. Preferably spread your investment and stagger them.
Best of all, invest through Mutual Funds for Maximum Returns with Minimum Effort.
Best of luck,
Srikanth Shankar Matrubai.
...
Your message deserves a 5 Star Rating and I have given so. You are bang on target. Even Prashant Jain of HDFC Mutual Fund has said "You find Multibaggers more in a Bear Market". The markets may fall another 10%, even 20%, but it will not become a Zero. These FIIs are in a Bad Shape, they HAVE to sell to meet the Redemption Presurre they are facing back home. It is THEY who are facing the problem and hence selling, they Why should You and me sell, it is the time to BUY.
India is in a High Growth Mode. Smart money always chases High Growth. And it will not be long before the Inflows start flowing again.
Then, my dear friend, don`t cry over split milk and say you missed the rally again.
Buy, now. Preferably spread your investment and stagger them.
Best of all, invest through Mutual Funds for Maximum Returns with Minimum Effort.
Best of luck,
Srikanth Shankar Matrubai.
...
07 Oct 2008 19:18
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Dear,
Very recently, I attended EGM of TTK Prestige. I normally don\`t attend these AGM/EGM unless there is something brewing up. In case of TTK Prestige too, I attended because the Company wanted to Delist its shares from the Stock Exchanges.
Me and my friend Mr.M.R.Ravindranath, opposed the move the delist the shares. In spite of standing by the company during difficult periods, the management was not willing to share wealth. When the Company came out with a public issue at a premium, we all contributed. Even when the stock price came down, we did not sell our shares. Afterwards what happened now is that the land which the Company has appreciated more than 200 crores. Now, they do not want the shareholders to enjoy those fruits and hence want to delist.
We knew that the management/promoters with more than 72% would win the ballot vote, but we wanted to register our disapproval ot the company\`s move and hence forced the management into a pressure cooker situation.
However, this is not the reason for my SELL call. This is because what the Chairman TT Jagannathan said. Listen to what he said \"We are making soft investments, which we cannot capitalise. It will come from profit and loss account. So, the profits will dip. Then share price will go down further, which is not good for the shareholders. Hence, we are delisting the shares and buying back from the public\".
If the Chairman of the company himself tells that the profits will dip, then I do not see any reason in holding the stock of the Company. Hence, my call, SELL TTK PRESTIGE.
Regards,
Srikanth Shankar Matrubai.
...
Very recently, I attended EGM of TTK Prestige. I normally don\`t attend these AGM/EGM unless there is something brewing up. In case of TTK Prestige too, I attended because the Company wanted to Delist its shares from the Stock Exchanges.
Me and my friend Mr.M.R.Ravindranath, opposed the move the delist the shares. In spite of standing by the company during difficult periods, the management was not willing to share wealth. When the Company came out with a public issue at a premium, we all contributed. Even when the stock price came down, we did not sell our shares. Afterwards what happened now is that the land which the Company has appreciated more than 200 crores. Now, they do not want the shareholders to enjoy those fruits and hence want to delist.
We knew that the management/promoters with more than 72% would win the ballot vote, but we wanted to register our disapproval ot the company\`s move and hence forced the management into a pressure cooker situation.
However, this is not the reason for my SELL call. This is because what the Chairman TT Jagannathan said. Listen to what he said \"We are making soft investments, which we cannot capitalise. It will come from profit and loss account. So, the profits will dip. Then share price will go down further, which is not good for the shareholders. Hence, we are delisting the shares and buying back from the public\".
If the Chairman of the company himself tells that the profits will dip, then I do not see any reason in holding the stock of the Company. Hence, my call, SELL TTK PRESTIGE.
Regards,
Srikanth Shankar Matrubai.
...
06 Oct 2008 16:32
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05 Oct 2008 14:32
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Recently, there were reports in Financial Chronicle and other Business papers that there were \"few takers for zero entry load option in Mutual fund Investment\". This was evident even before the introduction of the concept. There is huge list of funds and to choose one which is best suited to you, is not an easy task. Mutual Fund Advisors (also popularly called as Independent Financial Advisors) play a major role in this.
If investors go through these IFAs, it becomes easier for them in case they want any alteration or when they face any problem regarding dividends, etc. If the investors buy directly from fund houses, they need to approach each different Fund houses themselves, wasting nearly a day.
Even in developed nations, a major portion of funds are sold through the IFAs.
Many investors avoid going DIRECT becoz they do not want a Biased from the Fund house, but a Good unbiased advise which only a Qualified Mutual Fund Advisor can give.
Regards,
Srikanth Shankar Matrubai...
If investors go through these IFAs, it becomes easier for them in case they want any alteration or when they face any problem regarding dividends, etc. If the investors buy directly from fund houses, they need to approach each different Fund houses themselves, wasting nearly a day.
Even in developed nations, a major portion of funds are sold through the IFAs.
Many investors avoid going DIRECT becoz they do not want a Biased from the Fund house, but a Good unbiased advise which only a Qualified Mutual Fund Advisor can give.
Regards,
Srikanth Shankar Matrubai...
05 Oct 2008 14:25
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Dear Sen,
Being a Senior Citizen, you should have to invest in Good Large Cap Funds and not Sector/Theme Funds and not even Opportunity Funds, as these funds take lot of time in giving you returns.
But, first of all, let me assure you that DSP ML is now DSP Black Rock, as Meriyll Lynch People had already their Asset Managemnt Company Worldwide long back. DSP had not yet changed the name of the company, which they have now done. Also, in India, all Mutual Funds are run by Trust where even a change in Company which forms the Trust to run the Mutual funds has NO say in the Day to Day Affairs of the AMC.
Coming to your investment, your investments seem to have been done in the Peak of the bull market and hence, seeing such a HUGE erosion. The Best option for you is to "JUST STAY INVESTED" and hold on for now.
The funds are good except for DSP Tiger which is a Infrastructure Fund and does not look promising even on a three year horizon. You can switch the same to DSPML Equity fund and stay invested for some time till the markets stabilise and then take a call accordingly.
Best of luck,
Srikanth Shankar Matrubai.
...
Being a Senior Citizen, you should have to invest in Good Large Cap Funds and not Sector/Theme Funds and not even Opportunity Funds, as these funds take lot of time in giving you returns.
But, first of all, let me assure you that DSP ML is now DSP Black Rock, as Meriyll Lynch People had already their Asset Managemnt Company Worldwide long back. DSP had not yet changed the name of the company, which they have now done. Also, in India, all Mutual Funds are run by Trust where even a change in Company which forms the Trust to run the Mutual funds has NO say in the Day to Day Affairs of the AMC.
Coming to your investment, your investments seem to have been done in the Peak of the bull market and hence, seeing such a HUGE erosion. The Best option for you is to "JUST STAY INVESTED" and hold on for now.
The funds are good except for DSP Tiger which is a Infrastructure Fund and does not look promising even on a three year horizon. You can switch the same to DSPML Equity fund and stay invested for some time till the markets stabilise and then take a call accordingly.
Best of luck,
Srikanth Shankar Matrubai.
...
05 Oct 2008 14:17
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This was expected. IRDA is wise. They know that if the Mutual Funds are forced to abandon their Free Life Insurance Cover Combo, then the pressure will start building on the Insurance Companies to either Stop ULIPs completely or Bring down the commission Charges from the Sky High 35% (average) to the paltry 2.25% Commission being charged right now by Mutual Funds.
Regards,
Srikanth Shankar Matrubai.
...
Regards,
Srikanth Shankar Matrubai.
...
05 Oct 2008 14:09
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