From
..........................................................
Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries
Issue No. 212 Evening Edition IST
..........................................................
Headline News in this issue:
Double jeopardy for govt as Anna joins Ramdev’s fight
.........................................................
Double jeopardy for govt as Anna joins Ramdev’s fight
Don’t Yield To Govt Overture, He Warns
New Delhi: The challenge posed by Baba Ramdev’s threatened fast grew stiffer for the government on Thursday, with Anna Hazare declaring that he would join forces with the yoga guru over his demand for the recovery of black money stashed abroad.
“I will support Ramdev so that the government does not do what it did when we were fighting. We will fight together against corruption,” Hazare said, accusing the government of buckling during his fast only to go back on its words later.
Setting aside perceptions of differences and rivalry with the yoga guru, Hazare said he would share the stage with Ramdev at Delhi’s Ramlila ground on Saturday.
Dismissing Ramdev’s high pressure wooing by the government as a diversionary tactic, he urged him not to succumb to the Centre’s overtures.
Meanwhile, the Congress core group met on Thursday and decided that HRD minister Kapil Sibal and parliamentary affairs minister Pawan Bansal would meet Ramdev on Friday to dissuade him from going ahead with his June 4 fast.
The government may promise to tighten laws to prevent siphoning of money from India to tax havens abroad and more intense efforts to pursue the wealth hidden abroad. The outcome of Friday’s interaction will be crucial to framing the government’s response if the guru remains unmoved.
On the criticism over four ministers receiving Ramdev at Delhi airport, the government explained that initially two ministers were to travel to Madhya Pradesh to meet the yoga guru. It pointed out that by deputing finance minister Pranab Mukherjee to meet the guru, it had indicated its seriousness about tackling the black money issue.
Slighted oppn won’t back UPA on Lokpal
Slighted at not being consulted during the talks with civil society, the NDA has refused to support the government on keeping the PM and judiciary outside the Lokpal’s ambit.
..........................................................
..........................................................
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 - Growth Option
2. Franklin India Blue Chip Fund - Growth Option
3. Fidelity Equity - Growth Option
4. DSP Blackrock Top 100 Equity - Growth Option
5. HDFC Top 200 - Growth Option
6. ICICI Prudential Dynamic Plan - Growth Option
7. HDFC Prudence Fund - Growth Option
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.
..........................................................
Your feedback is important to us for continuous improvement. Do send your feedback / suggestions to NewsIndia.NRI@gmail.com. Also, forward NRI.NewsIndia to your NRI friends. They may like to subscribe.
.........................................................
. SUBSCRIBE: If you would like email-ids of your friends to be added to our mailing list, then do send their email-ids to us or ask them to send their email-ids to us for inclusion in our mailing list. To subscribe, write to nri.newsindia@gmail.com.
. UNSUBSCRIBE: If you would not like to receive this newsletter, then do let us know. We shall remove your email-id from our mailing list. To unsubscribe, write to nri.newsindia@gmail.com.
..........................................................
No comments:
Post a Comment