From
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Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries
Issue No. 203 Evening Edition IST
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Headline News in this issue:
1 lakh crore question: Who’ll lead Sai empire?
CBI arrests Kalmadi for role in CWG scam
From Failure-to-Success 'MakeMyTrip'
KAT to get raunchier
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1 lakh crore question: Who’ll lead Sai empire?
Hyderabad: Much as the devotees of Sathya Sai Baba would like to wish away this problem, his death has left a huge question mark on the future of the Sri Sathya Sai Central Trust which controls assets worth more than Rs 1 lakh crore.
The cause of the anxiety is the dispute among some of the trust members, evident from anonymous letters sent to the police in recent weeks. Baba was the chairman of the central trust and unbelievable though it may sound, he was the only person with cheque signing authority.
There are 40 more specialized trusts, but here trustees had a bigger say including powers to issue cheques. The central trust is expected to lead, but what if its members do not resolve their disputes?
(For more info, click: http://epaper.timesofindia.com/Daily/skins/TOINEW/navigator.asp?Daily=TOIM&showST=true&login=default&pub=TOI)
CBI arrests Kalmadi for role in CWG scam
New Delhi, Apr.25 (ANI): The Central Bureau of Investigation (CBI) on Monday arrested sacked Commonwealth Games (CWG) Organizing Committee chairman Suresh Kalmadi in connection with his role in the AM Films and TSR scams.
The arrest order was carried out after the CBI had questioned Kalmadi extensively on the two incidents, particularly on the documents relating to the two deals.
The CBI had asked Kalmadi to appear before it on Monday to clarify some new issues which surfaced during the visit of the agency's officials to London in connection with Queen's Baton Relay scam.
Kalmadi has been accused of sanctioning payments to AM Films and AM Car at rates that were hugely inflated. (ANI)
(For more info, click: http://in.news.yahoo.com/cbi-arrests-kalmadi-role-cwg-scam-065937609.html )
Deep Kalra Founder & CEO, MakeMyTrip
“I learnt to read the market right”
When I failed:
Academically, opting out of engineering in favour of economics was a big mistake. Computer science would have helped me immensely at MakeMyTrip.
Career-wise, I think I laboured on for too long—an extra year or two—at AMF Bowling in the hope that the market would pick up. I should have read the writing on the wall. Way back in the 1995 to 1999 period, development of malls and the like was not taking take place in a big way. That was a limiting factor for large bowling centres to come up.
These failures were courtesy of an inherent trait of stubbornness to prove to myself—and to others—that a business/venture undertaken has to be successful. But then there’s a fine line between stubbornness and perseverance.
What I learnt:
The failure at AMF Bowling helped me a great deal at MakeMyTrip in reading the market right in 2000. The Indian market was still not ready for online travel, which is why we focused on the market for non-resident Indians. This, frankly, kept MakeMyTrip alive at a time when other online travel ventures that focused on the domestic market perished.
How it helped me succeed:
Whenever confronted with a new market scenario, it’s become first nature to deep-dive into the market potential and customer-buying habits. This has helped me a great deal when getting into new business lines, ventures and markets as well as when evaluating new businesses.
(As told to Malini Goyal)
KAT TO GET RAUNCHIER
Bollywood’s fave Barbie doll is getting ready for a hot item song again!
Like the emcees of yore would constantly announce to a packed auditorium — ‘People, hold your breath, lightening (read Kat) is about to strike again’.
There is news in the mar ket that Katrina Kaif is get ting ready for another item song. A trade source says, “This item number will be in Aditya Chopra’s Mere Brother Ki Dulhan that has Imran Khan and Katrina in the lead.”
When anything happens in Adi’s backyard, details are usually scattered. But we hear that Adi has just one instruction for Sheila aka Katrina. He wants this item number in MBKD to be hotter and raunchier than Sheila ki Jawaani.
Our source adds, “Sheila was the biggest draw of Tees Maar Khan. But now Adi wants to go one step ahead and get Kat to do the mother of all item numbers.”
(For more info, click: http://epaper.timesofindia.com/Daily/skins/TOINEW/navigator.asp?Daily=TOIM&showST=true&login=default&pub=TOI)
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Investment & Wealth Creation Advice (Some Golden Rules)
Please note that our advice is primarily for investors and not for speculators. Investors typically invest with a 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue. However, it is worth reading it again and again to get your investments on the right tracks as what we have stated below is based on some golden rules of investing.
Indian nationals & PIOs can expect about 15-25% returns year-on-year
Indian capital markets have been thrown open to individual foreign investors in the budget announced recently. Now, PIOs can also invest in Indian Mutual Funds (MFs).
Indian 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 funds from now onwards.
Kaun Banega Karodpati?
Only Rs. 2,000 per month invested in a 5-star rated mutual fund in India for 30 years, will make you a Karodpati. Most of you can easily do this much investment in your name and/or in the name of each family member.
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
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 more than 15% of your investment in any one mutual fund, stock or sector.
NRIs & PIOs should not keep all their money in just one country. Keep 20-33% in nationalized banks in India or in private banks like HDFC, ICICI, HSBC etc.
As actors & sportsmen can never be sure about their earnings after 5-10 years, they should invest 50% of their earnings every month in Fixed Deposits, Mutual Funds and Real Estate.
If you suddenly get a few lakhs or a few crores, do not invest the sum in a hurry. Park it in a Fixed Deposit for a couple of quarters. Consult one or two investment advisors and then invest the amount in a proper manner.
Never go by your gut feel or a freind's advice when it comes to investing your money. Always consult one or two investment advisors before you make your investments.
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.
For a FREE First Consultation before investing in Mutual Funds in India, write to psm@amsoftconsulting.com.
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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