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Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries Issue No. 198
Evening Edition IST
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Headline News in this issue:
India Celebrates Gudi Padva / Ugadi Day Today after the World Cup Win
Tremors in North India
Nifty 50 companies score well in Q4
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Team, India Partied All Night Long
Men In Blue Savour A Dream Come True As A Delirious Nation Showers Its Heroes With Love
Mumbai: The victory celebrations didn't end with the award ceremony and trophy presentation at the Wankhede Stadium on Saturday night. Like most of the country, Team India partied hard into the night.
(For more info, refer to TOI:
http://epaper.timesofindia.com/Daily/Skins/TOINEW/navigator.asp?Daily=TOIM&showST=true)
Nifty 50 Cos to Stay in Form, Post Hefty Score in Q4
Sixth consecutive quarter of double-digit growth in revenue and net profit seen
Aggregate revenue and net profit of Nifty 50 companies are expected to grow in double digits for the sixth consecutive quarter, according to ET Intelligence Group’s earnings forecast.
Automakers Bajaj Auto and Tata Motors, tobacco major ITC, electrical equipment firm Siemens, IT exporter TCS, and lender HDFC Bank will drive India Inc’s growth machine in the quarter to March 2011.
A sample of Nifty companies is expected to grow its revenue by 21.2% during the March quarter from the year ago. Operating profit and net profit is likely to improve by 19.6% and 14.4%, respectively.
(For more info, refer to ET: http://epaper.timesofindia.com/Daily/skins/ETNEW/navigator.asp?Daily=ETM&showST=true)
Tremors in north India, no casualties
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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. ..........................................................
Do forward NRI.NewsIndia to your NRI friends.
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