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Five Issues Or Questions to Bring Up with a Financial Advisor

It's understandable why so many investors choose the easy route and rely on referrals from friends and family who have little experience managing money. It also shouldn't be shocking that less competent advisors who are also excellent marketers can attract clients, while competent but less slick financial experts toil in the shadows. People skills are crucial while seeking financial assistance because these are very private things, therefore you need to feel at least somewhat at ease with the person you're entrusting with your affairs. However, you must also do your homework before agreeing to work with an advisor. The procedure can be divided into two rather simple parts. The first step entails assessing your true needs in terms of consuming advice: What are you truly seeking for? The second phase, which I'll concentrate on today, is to use the knowledge you have gained about your own requirements and objectives to find a financial advisor who can assist you in achievi...

3 Great Emerging-Markets ETFs

The ratings for passive investments in the diverse emerging-markets category are often lower than those in other categories. This is one of the few categories where active managers often have the advantage, which is a big part of the rationale. However, there are several excellent index-tracking possibilities to take into account in the long run. Great Emerging-Markets ETFs: 3 of Them 01.) iShares MSCI Emerging Markets Min Vol Factor ETF  EEMV 02.) Vanguard Emerging Markets ETF  VWO 03.) iShares Core MSCI Emerging Markets ETF  IEMG Under the ticker EEMV, the first emerging-markets ETF is the Silver-rated iShares MSCI Emerging Markets Min Vol Factor ETF. For a variety of reasons, stocks listed in developing countries are typically riskier than their developed-markets equivalents. But EEMV softens the blow by methodically selecting lower-risk stocks and combining them in a way that reduces volatility. This indicates that it typically outperforms the whole emerging-markets u...

Here Is The List Of 33 Stocks That Are Undervalued

Following the banking crisis, stocks rose sharply in January, gave part of those gains back in February, and had severe volatility in March. According to our calculations, stocks appear inexpensive going into the second quarter of 2023. At the conclusion of the first quarter, the average stock in markets North American coverage was selling at a roughly 10% discount to our fair value estimate. In his most recent stock market outlook, market expert suggests, "The markets are close to the top of their trading range, and our near-term market forecast is that it will need to see a turnaround in leading economic indicators to break through the top of this range and rally upward to where we see fair value. Nearly all stocks appear to be undervalued. The Small-value stocks are currently selling 47% below our assessment of their fair value, making them the most undervalued stocks by investment type, while large-cap core stocks are just approximately 4% undervalued. The most undervalued ind...

7 Mutual Funds Do’s and Don’ts

Life (including investments) is not about not making mistakes, but to learn from them. A wise person quickly learns from his mistakes - and those of the others too. Given below are 7 do’s and don’ts which we can follow to avoid mistakes commonly made by investors in MFs. Rule 1 : Don’t look at NAV I would be repeating this maybe a 100th time – Rs 10 NAV does NOT mean that the fund is cheaper than an existing fund with say Rs 200 NAV. Therefore, never look at NAV when you are making an investment decision. Rule 2 : Do systematic investment The market valuations today, despite the recent correction, are still not cheap. Also, there is risk of a possible slowdown in the economy. Therefore, averaging one’s investment by doing SIP is a safer route to investing in equity markets. Lump-sum investment is advisable only at very low market PE levels, when the risk of markets going down further is low and the probability of appreciation high. Of course, this does not apply so much to debt funds...

NASDAQ 100 Index Fund Launched By ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential NASDAQ 100 Index Fund, an open-ended index fund replicating the NASDAQ-100 index. The scheme provides exposure to 100 largest global non-financial companies and aims to track returns of the NASDAQ-100 Index, subject to tracking error. “ICICI Prudential NASDAQ 100 Index Fund is the first global based offering in our passive universe. It is an open ended index fund that aims to track the NASDAQ-100 index and replicate the performance of its constituents. Nasdaq-100 Index mainly includes innovation led technology and communications services companies; many of which are part of our day to day lives like Apple, Microsoft, Facebook, Alphabet, Facebook, Netflix, Starbucks.This offering is suitable for investors looking for geographical diversification in their equity allocation in Index Funds,” said Chintan Haria, Head- Product Development & Strategy, ICICI Prudential AMC. The Nasdaq-100 Index®is one of the wor...

India to recover fastest among global economies

CB Bhave, Chairman of the Securities and Exchange Board of India (Sebi) in his address and conversation with CNBC-TV18's Managing Editor, Udayan Mukherjee, at the Hindustan Times Leadership Summit, said that India is closely linked to the world economy and the global credit markets, especially via trade but feels India would be amongst the fastest in the world to recover. "Every crisis is an opportunity. We have learnt a lot during the month of October. We should use this opportunity to improve our system. When the chips are down, we must build for the future, and not just be unhappy that the chips are down, because this country will recover most probably amongst the fastest in the world. We will feel the effect of what is going on in the world but we will be amongst the first few that recover. When we do recover, our weight in the world will be more than what it was before the crisis." Bhave is uncertain as to when the markets will bottom out and he advises people not to...

Franklin India Prima Fund declares 60% dividend

Franklin Templeton Investments (India), has announced its eleventh dividend of 60% (i.e. Rs 6 per unit on Face Value of Rs.10), in its open end diversified equity fund - Franklin India Prima Fund. All investors registered in the Dividend Plan as on June 18, 2008 will receive this dividend. (Pursuant to payment of dividend, the NAV of the fund would fall to the extent of payout). The record date for the dividend is June 18, 2008 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans on June 19, 2008 and will reopen for fresh purchases and redemptions on June 20, 2008. Under the dividend reinvestment plan, the dividend declared will be reinvested at the NAV of June 20, 2008 and unit holders will be allotted additional units for the dividend amount. Franklin India Prima Fund was launched in December 1993, and currently manages over Rs.1019 crores of assets for over 143,500 investors. The scheme see...

Birla Sun Life MF launches Century SIP

Birla Sun Life Mutual Fund has launched Century SIP, a unique systematic investment plan offering an opportunity to create wealth with as little as Rs 1000 per month plus a life insurance cover of up to 100 times the monthly installment. This plan comes along with free term insurance for an individual up to 55 years of age. The life insurance cover comes at no extra cost to the investor. The cover is hassle free. The investor need not go thru any medial test to avail of the life cover. All an investor needs to do is enroll for CSIP & sign a “Declaration of Good Health”. In case of unfortunate demise of investor the insurance claim will be directly paid to the nominee by the insurance company (Birla Sun Life Insurance Company). Announcing the launch of Century SIP, Anil Kumar, CEO, Birla Sun Life MF said, “This offering touches all aspects of an investor’s financial planning needs. We wish to encourage the investment habit among investors by providing them life insurance cover.” Ins...

List Of Top 5 Performing Indian Mutual Funds

Absolute Returns (in %) as on Feb 07, 2008 Fund Name 3mth 6mth 1yr StanChart Premier Equity(G) 8.9 42.6 68.2 Reliance RSF-Equity 18.2 53.1 64.6 ICICI Pru Infrastructure -2.8 38.8 57.9 Kotak Opportunities Fund(G) 2.9 42.8 52.9 Tata Infrastructure Fund(G) -7.9 30.6 49.0 Top International Performing Mutual Funds Top Performers - 1 Year Fund Name Return AIM China I 107.93% Direxion Latin America Bull 2X Inv 107.33% AIM China A 107.00% AIM China C 105.54% AIM China B 105.53% Nationwide China Opportunities Instl Svc 100.74% Nationwide China Opportunities Instl 100.68% Nationwide China Opportunities A 100.27% Nationwide China Opportunities R 99.64% Nationwide China Opportunities C 98.81%

Approval for Tata Investment to raise Rs 448 crore through right issue

Tata Investment Corporation, a unit of Tata Sons Limited, has informed that company’s board has approved its plan to raise a sum of Rs 448 crore in 2008 via rights issue of zero-coupon convertible bonds. The company has decided to offer one ZCB for every five shares at the face value of Rs 650. Further, the board of directors of the company have recommended the payment of a dividend of 150% on the ordinary share capital i.e. Rs 15 a share of the face value of Rs 10. Tata Investment Corporation Limited operates as an investment company in India. Its activities primarily include investing in long-term investments in equity shares and other securities of companies in a range of industries. The company also distributes mutual funds and other investment related securities. The company’s net profit declined 7% to Rs 44.71 crore on 7.1% fall in net sales to Rs 52.32 crore in Q3 December 2007 over Q3 December 2006.

Aditya Birla Nuvo forays into apparel retail business with Rs 400 crore

Aditya Birla Nuvo plans to invest Rs 400 crore to open 80 Peter England People stores, spread across 10,000 -12,000 sq ft, in next five years. It would launch the brand in Bangalore by June this year and later in cities like Delhi, Hyderabad, Chennai and Kolkata by end of 2008. The market for apparel segment for organized players is estimated at Rs 4,900 crore and is expected to grow to Rs 1,30,000 crore in the next five years. The company expects to collect Rs 4,500 crore ($1.5 billion) revenue from the apparel retail business in next five years. Madura Garments, the apparel retail business of the group, is looking to emerge as one of the top three retailers in the country in five years. Madura has 250 flagship stores for brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England. Last year, the company had posted revenue of Rs 1,025 crore. Aditya Birla Retail currently operates 550 super markets and two large format stores under the More brand. The company is slated to ...

Ceat planning to set up Greenfield radial facility worth Rs 5-6 billion in Gujarat

Indian tyre manufacturer Ceat Limited, has decided to set up its proposed Rs 500-600 crore greenfield radial facility in Gujarat. According to sources close to the State Government, the company has recently filed an application for the allotment of approximately 100 acres at either Halol near Baroda or Bharuch for setting up the proposed 36-lakh radial tyre facility. Apart from passenger tyres, the proposed plant would also host a pilot facility to manufacture 2.5 lakh truck-bus radials per annum. Ceat has lauched a new website. The newly launched website features information about the company, the product range, along with tyre maintenance and information pages. The company has reported a net profit of Rs 148.6 crore for the year-ended March 31, 2008, against Rs 29.25 crore a year ago. The company's board has recommended a dividend of Rs 4 per share.

IDFC Buys StanChart India’s MF Biz For Rs 830 Cr

Finally, Infrastructure Development Finance Co Ltd (IDFC) has been announced as the winner for adopting Standard Chartered’s mutual fund business in India. In an all-cash deal, IDFC will pay Rs 830 crore ($205 million) to get hold of the asset management business of Standard Chartered. This amounts to 5.67% of the total assets under management of Rs 14,141 crore of StanChart’s AMC at the end of February 2008. The deal follows the RBI’s rejection of Swiss banking major UBS AG’s last year’s bid to purchase StanChart’s MF business for around Rs 516 crore, which was 4% of the total AUM of StanChart MF at that time. The UBS deal was terminated in January 2008. Jaspal Bindra, chief executive officer, Asia, Standard Chartered said, “IDFC is a well respected financial services company and we are delighted to have reached an agreement with them for the sale of this business. Standard Chartered will remain a distributor of asset management products in India. India is a key market and delivered ...

Reliance Power offers bonus shares 3 for 5 shares

The Biggie Reliance Power IPO was subscribed 72 times and had received nearly 31 lakh applications which is a new record for most applications received. But when Reliance Power shares listed on 11th February the scenario changed and the market started coming down making Reliance Power shares plunging 17.22% below the issue price of Rs.450. Making most of the investors losing millions of money with no hope to get the invested amount with a good return. It was a black Monday as many investors had taken loan from banks to invest in Reliance Power IPO and got stucked in between of the falling market situation. But on Sunday 24th February, Anil Ambani gave up Rs 5,000 crore ($1.2 billion) of his personal wealth to enable Reliance Power shareholders to make up for their losses caused by bad listing of the stock. And announced a bonus plan for investors, where investor will get 3 shares on his each 5 owned shares. Which will bring the cost of Reliance Power shares down to Rs 269 each for reta...

Indian Mutual Funds

Today Indian economy is showing the growth graph upwards with many investment opportunities for a normal person. One of this kind of investment is investing in Mutual Funds. Indian stock market has reached to a new height giving the investors a good option to make money. Investing in mutual fund gives one a vast options to select different mutual funds from different companies and fields. There are many fields to select from, for example one can select mutual funds from different sectors such as tax saver fund, opportunity fund, log term benefit term, real estate fund, etc. But investor should give time to invested funds, mutual fund investment is not like stocks where you buy and sell the stocks immediately, in case of mutual funds you need to give some time so that when you sell the fund you get a good returns.