From
..........................................................
Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries
Issue No. 215 Evening Edition IST
..........................................................
Headline News in this issue:
THREE BLASTS IN MUMBAI...20 DEAD...
..........................................................
Three blasts in Mumbai...20 DEAD...
Serial blasts struck Mumbai this evening, less than three years after the 26/11 terrorist attacks of 2008. The three blasts, in sequence, were timed at 6.30 pm, 6.45 pm, and 7 pm IST, and targeted in that order Zaveri Bazaar, Opera House and the Kabutarkhana area of Dadar West.
Zaveri Bazaar, centre of the jewellery industry, is adjacent the iconic Mumbadevi temple from which the city derives its name; both Zaveri Bazaar and Kabutarkhana were also targeted in the 1993 serial blasts.
A team of NIA officials, forensics experts and anti-terrorist operatives are en route to Bombay on a BSF special plane; an NSG unit is on standby on the ground. Home Minister P Chidambaram has chaired a meeting of senior Cabinet ministers and officials while Maharashtra Chief Minister Prithviraj Chauhan is coordinating relief and rescue operations on the ground.
Those injured have been rushed to JJ and KEM hospital. Chief Minister Chauhan confirms 20 dead and 113 injured so far; extent of injuries is not clearly known and casualties are expected to rise.
In spite of some resistance earlier on and fears of being stopped by the police at toll booths, the Mumbai cabbie union has decided that taxis will continue to ply well past midnight tonight.
Chatrapati Shivaji International Airport has confirmed that it's operational.
10:27 pm: 'I was at my shop when I heard a deafening sound. I ran out to see what has happened. I saw a building rattling and people running here and there', said a eyewitness at one of the blast site.
10:22 pm: The blasts that rocked Mumbai were a 'coordinated attack by terrorists', Home Minister Chidambaram said. 'The blasts took place between 6.45 p.m. and 7 p.m. and therefore we infer from this that this was a coordinated attack by terrorists,' the home minister said.
..........................................................
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