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MF Investment Help
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invest your money to ICICI infra(G)...
In reply to:
new investment
Posted by :
rikku.thakur
i intend to invest rs. 1000/- pm through sip. pls. suggest good ones. preferably those dealing in large caps
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Dear rikku.thakur, Plz. invest in HDFC Top 200 fund or Birla Sunlife Frontline Eq. fund.
Thanks
Ashal...
In reply to:
new investment
Posted by : rikku.thakur
i intend to invest rs. 1000/- pm through sip. pls. suggest good ones. preferably those dealing in large caps
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Cabinet to review skill development policy
New Delhi: The final draft of the national skill development policy has been sent to the cabinet for consideration.
The policy is expected to be announced soon after Prime Minister Manmohan Singh returns from his US visit. “We have already circulated a note on Skill Development Policy among the members of the Cabinet,” Sudha Pillai, secretary, ministry of labour and employment, said on the sidelines of a conference in the Capital on Friday.
She said that vocationalization of education and training through ITI would be a part of the skill development policy.
- REUTER......
.........................
With N-deal India hoping for business worth $80 bn
Even as a landmark US-India nuclear accord hangs in limbo in the US Congress, the global gates of nuclear trade with India are now open
...........
Indian nuclear energy officials say they would like to do business with GE and other US firms. But if they can’t, there’s always France and Russia.
Even as a landmark US-India nuclear accord hangs in limbo in the US Congress, the global gates of nuclear trade with India are now open.
Whether or not US companies get the go-ahead to sell nuclear fuel and technology to India, the country’s nuclear officials are confident they will get their uranium.
“If a deal with Congress doesn’t happen, we will have business with other countries. So simple,” said SK Malhotra, a spokesman for India’s Department of Atomic Energy.
India reached nuclear trade agreements with Russia and France in January, though the government has held out on implementing them until a US deal goes forward, said Shreyans Kumar Jain, chairman of India’s state-run Nuclear Power Corp. Ltd., which runs all 17 of the nation’s nuclear reactors.
The agreement before Congress would overturn three decades of US policy by allowing nuclear trade with India, even though India has not signed a global treaty against the spread of nuclear weapons.
The deal enjoys broad support among leaders of both American political parties but, with other priorities on lawmakers’ plates, there’s no certainty it will get the nod before Congress adjourns this month ahead of November elections.
What happens after the nod?
Meeting Thursday in Washington, Indian Prime Minister Manmohan Singh and US President George W Bush expressed hope that Congress will approve the agreement.
Singh was to go on to France, where he was expected to ink India’s nuclear agreement with that country.
American companies worry they could be shut out of the Indian market. General Electric Co. helped build India’s first nuclear reactor in the 1960s, and GE would love to rekindle that relationship.
“It’s a $30 billion-plus market in India. There’s a huge opportunity for a company like GE,” said Kishore Jayaraman, regional head of GE operations in India, Sri Lanka, and Bangladesh. “We have been pushing for it.”
Today, India gets just 3% of its energy about 4,100 megawatts from nuclear power. By 2032 the government plans to quadruple total generating capacity, to 700 gigawatts, with nuclear accounting for 63,000 megawatts.
That adds up to about 40 new nuclear reactors, worth some $80 billion, according to Jain.
A key limiting factor on India’s nuclear expansion has been access to uranium. Despite an aggressive hunt in basins, thrusts, and folds across the country, known domestic deposits will support only 10,000 megawatts of nuclear capacity.
C/F.........
In reply to:
beware of sips in bear market
Posted by :
ashalanshu
Dear sp.palo, a very good morning to u too. by mortgage, i think u r asking for Loan against property. If my understanding is right about ur query, my dear friend, not many banks \\`ll provide u the facility under current tight liquidity situation. In fact PNB has already stopped the service last week. Even if u get the one, the amount of loan \\`ll not be more than 50-60% of ur flat value. Plz. do note, this loan \\`ll be a costly loan of 14-18% interest rate, depending upon the bank u r transacting with. The loan value \\`ll also depend upon the pay back capacity of the borrower.
Earlier the banks were offering overdraft facility against the property, but now a days it\\`s very rare to find the one.
As it \\`ll be a loan there \\`ll be a regular EMI payment for servicinf the loan.
About the JM basic fund, it\\`s a sectoral/thematic fund, which outperformed all the indices with a decent margin due to its concentrated call & performance of the underlying sector. But the same thing is hammering its performance heavily since january 2008. In fact most of JM funds r down around 45-55%, due to aggressive calls. The reason may be presence of Sandeep Sabharwal (the old SBI guy), within joining the JM MF, performance of all of EQ. schemes changed upwards drastically but the current market melt down has done its every bit to throw the plans of JM out of the gear.
Most of the Eq. funds of JM currently fall under high risk, high return category. If u do have courage to hold ur head firmly on ur shoulders without bothering about the performance of the JM funds in near future, it MAY reward u handsomely.
& it is a big MAY which later on may converts to HAD NOT.
Thanks
Ashal
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The following is the statement by S.B.Mathur, Secretary General of Life Insurance Council.
Quote
It was mutually decided by all the life insurers that insurance will no longer be bundled with any investment or savings product since, in the long term it flouts guidelines prescribed by IRDA.
Unquote
So are they also planning to ban ULIPs since they are also investments + insurance bundled together??...
In reply to:
Fund houses to scrap insurance cum MF products
Posted by :
kentmss
Insurance providers have decided not to provide group cover any more for mutual funds schemes offering insurance from the 1st of October.
the Insurance Lobby is very strong. They saw that their income is shrinking due to massive shifting of money from Insurance to Mutual Funds offering Free Insurance.
People have realised that ULIPs have high cost, non-flexible, high exit loads, hidden charges and have started shifting to Mutual Funds. The Insurance Players could not stand seeing the big loss staring at them.
Why should you pay 35% commission to Insurance Agent and a paltry 2% to Mutual Fund Agent?.
SEBI has always been favouring Insurance vis a vis Mutual Funds. Mutual Funds cant hire services of an Celebrity while the Insurance Agents can and do this to screw Lakhs of gullible Investors. Shame on IRDA for stopping something which is for the Good for the Investing Public.
Are they not doing a disservice to Investors?. Why is SEBI silent?.
We need to protest this decision by IRDA and ensure a Level playing field for Mutual Funds and Insurance.
If the Mutual Funds should not sell Insurance, well and Good, the Insurance Companies also should not sell ULIPs!!!.
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Dear db8037,
I am not sure why you sound so upset. You should learn to see the lighter side of posts.
The post by Ranjan was just a joke and not an advise. You should have figured that out about drinking beer and making more money from recycling the cans.
My reply was also a joke referring to sipping too much beer can leave a bad hangover.
Please relax and do not take everything soo seriously. A couple of jokes once in a while is does not spoil anything.
-Raj...
In reply to:
INVESTMENT IDEAS !
Posted by :
db8037
ranjan sir,
u r most respected person in this section of mf help and ideas. to be honest, i am hurt by reading ur current posting. u have always recommended to be disciplined with investments in diff times like the one we are going thru. i expected some moral boosting advice. by writing this, u r allowing some people to spread -ve sentiments as 1 of id did try on reply to your posting.
bad bad on your part
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ranjan sir,
u r most respected person in this section of mf help and ideas. to be honest, i am hurt by reading ur current posting. u have always recommended to be disciplined with investments in diff times like the one we are going thru. i expected some moral boosting advice. by writing this, u r allowing some people to spread -ve sentiments as 1 of id did try on reply to your posting.
bad bad on your part...
In reply to:
INVESTMENT IDEAS !
Posted by : RANJAN
Subject: Investment Ideas:-)
If you had purchased £1000 of Northern Rock shares one year
ago it would now be worth £4.95; with HBOS, earlier this week
your £1000 would have been worth £16.50and £1000 invested in XL
Leisure would now be worth less than £5, but if you bought £1000
worth of Heinenken Beer one year ago, drank it all, then took
the empty cans to an aluminium re-cycling plant, you would get
£214. So based on the above statistics the best current
investment advice is to drink heavily and re-cycleJ
Tracked by: 0 Boarder
Beware of sips in beer market. The hangover could be deadly. j/k...
In reply to:
INVESTMENT IDEAS !
Posted by : RANJAN
Subject: Investment Ideas:-)
If you had purchased £1000 of Northern Rock shares one year
ago it would now be worth £4.95; with HBOS, earlier this week
your £1000 would have been worth £16.50and £1000 invested in XL
Leisure would now be worth less than £5, but if you bought £1000
worth of Heinenken Beer one year ago, drank it all, then took
the empty cans to an aluminium re-cycling plant, you would get
£214. So based on the above statistics the best current
investment advice is to drink heavily and re-cycleJ
Tracked by: 0 Boarder
i intend to invest rs. 1000/- pm through sip. pls. suggest good ones. preferably those dealing in large caps
...
Tracked by: 0 Boarder
Subject: Investment Ideas:-)
If you had purchased £1000 of Northern Rock shares one year
ago it would now be worth £4.95; with HBOS, earlier this week
your £1000 would have been worth £16.50and £1000 invested in XL
Leisure would now be worth less than £5, but if you bought £1000
worth of Heinenken Beer one year ago, drank it all, then took
the empty cans to an aluminium re-cycling plant, you would get
£214. So based on the above statistics the best current
investment advice is to drink heavily and re-cycleJ...
ashalanshu,
This is good thread to watch with good messages and interactions.
I am happy no kalidas is here on this thread. Motgages are of two types..
Equitable motgae and clean mortgage. you can not Mortgage your residential property for loan. Yes you can offer your Resi. property as coleteral for loan of Business purpose.
Commercial property........... You can have margin of around 50 % and three weeks to complete formalities........
Better to decide selling if up trend is restricted to less than 15 % yearsly and opt for hiring one on rent or lease. Except, PUNE, Hyderabad, NOIDA, vicinity Of delhi and Bangalore, PROPERTY RATES WILL CRASH AFTER DEEWALI........ Sell off, if you have solid investing ideas...... avoid stock market Gold and crude.....
Can buy Pharm land.... if eligible...........
In reply to:
beware of sips in bear market
Posted by : ashalanshu
Dear sp.palo, a very good morning to u too. by mortgage, i think u r asking for Loan against property. If my understanding is right about ur query, my dear friend, not many banks \\`ll provide u the facility under current tight liquidity situation. In fact PNB has already stopped the service last week. Even if u get the one, the amount of loan \\`ll not be more than 50-60% of ur flat value. Plz. do note, this loan \\`ll be a costly loan of 14-18% interest rate, depending upon the bank u r transacting with. The loan value \\`ll also depend upon the pay back capacity of the borrower.
Earlier the banks were offering overdraft facility against the property, but now a days it\\`s very rare to find the one.
As it \\`ll be a loan there \\`ll be a regular EMI payment for servicinf the loan.
About the JM basic fund, it\\`s a sectoral/thematic fund, which outperformed all the indices with a decent margin due to its concentrated call & performance of the underlying sector. But the same thing is hammering its performance heavily since january 2008. In fact most of JM funds r down around 45-55%, due to aggressive calls. The reason may be presence of Sandeep Sabharwal (the old SBI guy), within joining the JM MF, performance of all of EQ. schemes changed upwards drastically but the current market melt down has done its every bit to throw the plans of JM out of the gear.
Most of the Eq. funds of JM currently fall under high risk, high return category. If u do have courage to hold ur head firmly on ur shoulders without bothering about the performance of the JM funds in near future, it MAY reward u handsomely.
& it is a big MAY which later on may converts to HAD NOT.
Thanks
Ashal
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Dear Sharmaji,
The book uses American Stock market data for its comparisions. Since ours is a more volatile market, the VA concepts will work better for us.
Something interesting I found from the book is that, based on US data from 1962 to 1991, the author says VA works best on quarterly frequency. Surprisingly even for dollar cost averaging, quarterly frequency is as good as monthly frequency and both of these are better than daily and weekly frequency. I always thought shorter the frequency, the better. But that was not the case when compared over a period of 30 years based on the US markets.
Thanks,
Raj...
In reply to:
SIP (or) Timing the Market
Posted by : pcspune
Dear vvrk,
I could get his book on value Averaging today from Crossword. It is an Interesting Book for Informed Investors.
Since this BOOK is witten in American CONTEXT, we may have to slightly modify to suit to Indian Context ( Same Process ).
Thanks for Reference.
P.C.Sharma
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I started 20k monthly SIP in Jan ,2006,
I had already lost a lot should I continue SIP or exit as every month market is going down from previous month\\`s level....
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There is a compulsory lock in period of 3 years for all ELSS schemes .
So wait for 3 yrs. You can decide at that time. ...
In reply to:
Stay or quit
Posted by : cherrypink
Hi, I have invested 20,000 six month back in DSP-ML TaxSaver (G),@ 15.28, now its value became much lesser than the invested amount. What to do? Should I quit or stay and wait, if quit then How?
Tracked by: 0 Boarder
Dear sp.palo, a very good morning to u too. by mortgage, i think u r asking for Loan against property. If my understanding is right about ur query, my dear friend, not many banks \\`ll provide u the facility under current tight liquidity situation. In fact PNB has already stopped the service last week. Even if u get the one, the amount of loan \\`ll not be more than 50-60% of ur flat value. Plz. do note, this loan \\`ll be a costly loan of 14-18% interest rate, depending upon the bank u r transacting with. The loan value \\`ll also depend upon the pay back capacity of the borrower.
Earlier the banks were offering overdraft facility against the property, but now a days it\\`s very rare to find the one.
As it \\`ll be a loan there \\`ll be a regular EMI payment for servicinf the loan.
About the JM basic fund, it\\`s a sectoral/thematic fund, which outperformed all the indices with a decent margin due to its concentrated call & performance of the underlying sector. But the same thing is hammering its performance heavily since january 2008. In fact most of JM funds r down around 45-55%, due to aggressive calls. The reason may be presence of Sandeep Sabharwal (the old SBI guy), within joining the JM MF, performance of all of EQ. schemes changed upwards drastically but the current market melt down has done its every bit to throw the plans of JM out of the gear.
Most of the Eq. funds of JM currently fall under high risk, high return category. If u do have courage to hold ur head firmly on ur shoulders without bothering about the performance of the JM funds in near future, it MAY reward u handsomely.
& it is a big MAY which later on may converts to HAD NOT.
Thanks
Ashal...
In reply to:
beware of sips in bear market
Posted by : sp.palo
Dear ashalanshu,
Good Morning. DO you have any idea on mortgages ? Suppose the cost of a flat is 25L. How much max the bank will give against mortgage of the flat ? Which bank provides the most ? And listen, how about the JM Basic fund ?
thanks & regards
shakti
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Dear ashalanshu,
Good Morning. DO you have any idea on mortgages ? Suppose the cost of a flat is 25L. How much max the bank will give against mortgage of the flat ? Which bank provides the most ? And listen, how about the JM Basic fund ?
thanks & regards
shakti...
In reply to:
beware of sips in bear market
Posted by : ashalanshu
Dear emptyvessel, for past 6 months among Eq. fund here is the data u wanted (as per VROL on 26th Sept 2008).
TOP PERFORMERS
1. UTI Pahrma & Healthcare 11.62%
2. Franklin Pharma 8.70%
3. Reliance Pharma 7.58%
4. JM Healthcare Sector 3.60%
Yes the above list definitely shows a pharma sector funds bias, same is the case in actual performance of stocks. Under current meltdown, Pharma & upto some extent FMCG r the only sectors which have performed positive.
Regarding ur NIFTY data, When the over all value of stocks is down across the market, how the funds can be remain unaffected but the good things is that there r funds who have controlled this slide better than market. The data is already available on VROL & other website & u may check the same.
Plz. do note Eq. investing is for long term (10-15-20 & even more years).
Thanks
Ashal
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