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Emerging India

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Financial News For Busy NRIs & PIOs
Issue No. 06 Evening Edition IST
Corporate News . Investment Opportunities in India
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Headline News in this issue:

• ASSAM BLASTS KILL 66
• This is a great time for investing in India
• ‘Don’t’ list gets longer as cos hit frugal road
• It’s tougher buying a home in India now

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Quotable Quotes

Wall street makes its money on activity. You make your money on inactivity.

- Warren Buffet

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SENSEX: 9,788.1 DOWN 53.8 % from 52-wk high

FOREX-Rs: USD 49.29 / EUR 63.20 / GBP 80.57

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ASSAM BLASTS KILL 66 (ET,Mum,31Oct08,P1)

IN THE most brutal attack in Assam’s chequered terror history, 66 people were killed and over 470 grievously injured on Thursday as 13 near-simultaneous blasts ripped through Guwahati and three other towns.

There were intelligence reports that militants may strike during the festival season, including Durga puja, Diwali and Id ul Fitr. But nobody knew anything about the likely magnitude of the blasts,” he said. Agency reports, quoting official and police sources, said the blasts could be the handiwork of Bangladesh-based Harkat-ul-Jihad-al Islami (HuJI).

‘Don’t’ list gets longer as cos hit frugal road (ET,Mum,31Oct08,P1)

DON’T serve chocolates or mint to your guests. Don’t use that expensive brand of mineral water. Don’t use colour printers. Don’t buy unnecessary software. India Inc seems to have added more ‘Don’ts’ to its list than ever and the panic has spread wider. Increasing cost pressure, reducing margins and widening credit crunch have forced many companies to not only reconsider their costs, but also rewrite the rulebook.

A large American investment bank has stopped providing luncheon coupons to its employees, usually worth a few thousand rupees, to entertain their guests. Employees of a leading Gurgaon-based BPO have been told to make their own travel arrangements beyond a certain distance from office, if working in day shifts. Other BPO firms have told employees that a cab won’t be provided unless there is a large number of those to be dropped home. If that wasn’t enough, firms are even cutting down on the number of times their premises are cleaned.

It’s tougher buying a home in India now (ET,Mum,31Oct08,P1)
Get Ready To Pay 40% Cost Upfront

BE READY to pay as much as 40% of the price upfront if you are planning to buy a home in India on a bank loan. Banks have started increasing the margin money for home loans following the downturn in realty markets.

Banks now want to ensure that even in the case of a sharp decline in prices and a default by the borrower, it should be able to recover the loan amount. Margin money is the percentage of purchase price that the buyer has to bring. The balance is provided by the bank.

However, the call for higher margins is likely to further depress the demand for residential property, at a time when high interest rates have already made house purchases expensive.

For news in detail, visit The Economic Times ePaper

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END OF THE DAY STATUS OF THE STOCK MARKET:

Sensex went up by 8.2 % today.

SENSEX: 9,788.1 (8.2%) NIFTY: 2,885.6 (7.0%)

. DOWN..53.8 % from 21,206.77 the 52-week high of BSE-SENSEX

. UP..........14.3 % from 8,566.82 the 52-week low of BSE-SENSEX

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Investment & Wealth Creation Advice:

We expect the stock market to be range bound and will go below 9000 level a few times in the next few weeks.

We believe that making stepwise SYSTEMATIC investments in good Mutual Funds at Sensex levels of 9000 & below would give you excellent returns if you are ready to keep your funds invested for 3-4 years.

As indicated earlier, you should now consider making systematic investments over the next few weeks after taking advice of investment experts. If you are planning to invest amount X in the next couple of months in equity shares / mutual funds, then invest 10% of the amount now, as the market may go down further. After a week or so, you could invest another 10% and so on.

As you, as an NRI, may not find it easy to remain in close touch with the Indian market, we recommend that you invest in diversified mutual funds with a 36-48 month investment period.

If you make investments in the right shares and mutual funds when the market is at about 9000 level, you can expect minimum 25% (post-tax) compounded annual returns in the next 3-4 years.

We recommend that you read the Golden Rules of Investing given below at least once every month to ensure that you do not forget these golden rules and do not make investments in wrong assets.

Click here to display NSE CNX NIFTY Chart

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Watch very interesting videos on YouTube !!

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Golden Rules of Investing

• Never put all your eggs in one basket. De-risk by making equal investments in realty, fixed-interest instruments, equity / mutual funds and gold when the time is right for making these specific investments.
• Out of the investments planned to be made in equity & mutual funds, make equal investments in 10-15 stocks with strong fundamentals, belonging to 4-6 sectors OR equal investments in 3-5 diversified mutual funds OR a mix of these two asset classes.
• Never invest based on your gut feel or a friend's advice.
• Never make speculative investments. Listen to two or three time-tested investment advisors.
• Never make these 3 common mistakes: 1. Buying shares of a reputed company at a wrong price, 2. Buying shares of a bad company at any price, 3. Buying & Selling shares without consulting time-tested investment advisors.
• Never depend entirely on your broker for making all your buying & selling decisions. Do consult at least two time-tested investment advisors.
• Never lose money. Define your stop-loss rules in consultation with time-tested investment advisors to protect your capital.
• Never borrow to invest in stocks.
• Never believe that you are destined to make it big. Such beliefs often lead to wrong decisions and major losses. Be rational. De-risk. Listen to time-tested investment advisors.
• Avoid investing in stocks / mutual funds or realty or gold when their prices appear to be at a high. Make Systematic Investments with a long-term view when they are at a low.
• Keep the stocks for a long-term or make Systematic Divestments when the markets appear to be at a high.
• Avoid investing in depreciating assets like expensive cars, mobile phones, electronics etc. You should rather put your extra money in appreciating assets like real-estate, equity, mutual funds, gold etc. when these assets are available at bargain prices.
• Never forget the Power Of Compounding. (100,000, if invested in a good diversified mutual fund when stock prices are low, would typically appreciate to 1500000 in 15 years, and to 23 Million in 30 years.)
• Caution: Speculative & Short-term investments and investments made without consulting time-tested investment advisors could be detrimental to your financial health.

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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 shall be only making you aware of the investment opportunities in India at a broad level.
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