Dhoni in action; New Chiseled Ameesha (Pics : Times of India 30Mar11)..........................................................
Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries Issue No. 195
Evening Edition IST
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Headline News in this issue:
India wins against Pakistan (ODI Worldcup Semis)
PIOs & Foreign Investors Can Now Invest in Indian Mutual Funds
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Dhoni leads India's win against Pakistan in ODI Worldcup Semis
Mohali: India made a moderate start this evening with 260 for 9 in 50 overs at ODI Worldcup semis here. Sachin scored 85, Viru 38, Suresh Raina 36.Wahab Riaz bowled very well taking 5 wickets giving 46 runs.
Pakistan appeared under control during the initial part of their game but collapsed against the Indian attack in the latter part.
Pakistan closed with 231 for 10, in 49.5 overs in their innings. Mohammad Hafeez scored 43, Asad Shafiq 30, Misbah-ul-Haq fought bravely till the last minute making 56. Indian bowlers did very well with Zaheer, Nehra, Munaf, Bhajji, Yuvaraj taking 2 wickets each.
Sachin was declared The Man of the Match.
India will now meet Sri Lanka in the finals on this Saturday at Wankhede stadium in Mumbai.
PIOs & Foreign Investors Can Now Invest in Indian Mutual Funds and earn 15-25%
Indian capital markets have been thrown open to individual foreign investors in a bold move of the budget announced recently. This means that an individual foreigner can now invest in Indian Mutual Funds (MFs). Earlier, only Foreign Institutional Investors (FIIs) could invest while individual foreign investors could not.
Investors can expect 15-25% returns year-on-year if they invest in MFs which are rated 5-star by rating agencies. It would mean, NRIs, PIOs as well as Resident Indians will be able to double their investments in MFs every 3-4 years, taking almost no risk. So, India offers a great investment opportunity.
NRI.NewsIndia recommends investment in Indian Mutual Funds taking the SIP (Systematic Investment Plan) route. An individual investor may like to schedule weekly or monthly investments in select mutual fund in 2011.
NRI.NewsIndia Recommends investment in the following Mutual Funds:
1. HDFC Equity Fund
2. Franklin India Blue Chip Fund
3. Birla Sunlife Frontline Equity Fund – Plan A
4. DSP Blackrock Equity Fund – Dividend
5. HDFC Top 200
6. ICICI Prudential Dynamic Plan
7. HDFC Prudence Fund
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Investment & Wealth Creation Advice:
Please note that our advice is primarily for investors and not for speculators. Investors typically invest with 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue.
We expect Sensex to go up to about 23,000 by the first week of January, 2011. After that there could be a sudden fall of 25-30% in a couple of months. After that the 3-4 year bull run will commence.
Do consult your investment advisor before making any investment decisions.
Do not purchase shares of a good company at a wrong (high) price. Also, do not purchase shares of a bad company even at a very low price.
Do not put all your eggs in one basket. Diversify your portfolio to de-risk. Do not put more than 33% of your investible funds in stocks and/or mutual funds. Put 33% in Fixed-Interest instruments and the remaining 33% in real estate when real estate prices are low.
Do not invest in stocks, mutual funds or realty when their prices are quite high. From the high levels, these prices normally come down by about 20-40% and that is when many people lose their hard earned money in a big way.
Make sure that you are not one of those big losers.
Also, never take any loan to invest in stocks or mutual funds.
Make sure that you invest when prices are low and divest when prices are high (which will be the case in Q1-2012).
Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we are only making you aware of the investment opportunities in India at a broad level. ..........................................................
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