Satya Sai Baba, Capt. G R GopinathFrom
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Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries
Issue No. 202 Evening Edition IST
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Headline News in this issue:
- Satya Sai Baba passes away
Success After Failure story of Capt. G R Gopinath
Satya Sai Baba passes away
Puttaparthi (Andhra Pradesh), April 24 (IANS) Sathya Sai Baba, who died here Sunday, was seen as a reincarnation of god by millions, having preached an eclectic blend of Hindu religion since the time he claimed to be an 'avatar' at a young age of 14.
The many attacks by rationalists on him and what he stood for did not derail the immense following he achieved as he grew from this once obscure hamlet to achieve demi god status in India and abroad.
Born Sathyanarayana Raju Nov 23, 1926 in Puttaparthi, his devotees claimed he started singing Sanskrit verses, of which he had no knowledge, one day in March 1940 after being apparently stung by a scorpion.
Within two months, the teenager claimed to be a reincarnation of the more famous Shirdi Sai Baba, who had reportedly stated before his death in 1918 that he would reappear in the then Madras Presidency eight years later.
For more details, click on : http://in.news.yahoo.com/sathya-sai-baba-village-boy-became-demi-god-052347056.html
Captain GR Gopinath Founder, Deccan 360
“You are not a failure as long as you are trying”
When I failed:
It was 2008. Air Deccan had become a 2,000-crore company with 3,500 employees and a market capitalisation of $1.1 billion.
With Air Deccan big and stable, I began incubating Deccan Express Logistics, a door-todoor multimodal air and ground logistics company.
I decided to bring in a strategic investor and raise some capital. Investors and bankers lined up. I was on cloud nine. Two of my earlier investors gave me a few million dollars. I returned the money, partly out of arrogance, partly out of my optimism and stupidity. I thought they were not recognising my contribution and being unfair to me.
Then global markets crashed. The radiant cloud I was sailing on evaporated and I realised I had no parachute. Investors, credit lines dried up. With 150 staff and advance payments made for aircraft, cash was being burned. Call it hubris but we kept chasing more private equity players.
What I learnt:
When you are successful you become arrogant and complacency sets in. When you are knocked down you realise that humility is important.
I also learnt that you are not a failure until you quit. I learnt to be optimistic through difficult times. You have to push yourself to act and not despair.
It is difficult to take decisions but indecision is worse. You need to listen to people and hear their views but there is a time when you go with your intuition and take the tough decisions.
How it helped me succeed:
I realised if I did not act with speed, we would come to grief. I took drastic decisions. I re-jigged the entire business plan, switched from doing everything to a franchise model and cut pay.
Things started falling into place. The economy started looking up. Doors started opening—banks like the State Bank of India gave credit. The response from franchisees was overwhelming—2,800 joined up.
What would have taken us 20 years with our own funds was done in under six months. We launched in November 2009 from Nagpur.
(As told to Malini Goyal)
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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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