LIC Samridhi Plus Policy: Review Analysis & Details

In this article, we provide a detailed review, analysis and opinion about LIC Samridhi Plus Policy.
All of you may have seen the LIC Samridhi Plus Policy ad on television as well print - the ad simply carries a punchline called "Highest NAV guaranteed of first 100 months of the policy". The ad is small, short and does not provide much information in tv or print media.

LIC Samridhi Plus Policy Returns Calculations

Returns Calculations from LIC Samridhi Plus Policy with an example
Continuing further from our prevous article on LIC Samridhi Plus Policy: Review Analysis & Details, let see an example with returns calculations.
Early withdrawal or Partial withdrawl is available in LIC Samridhi Plus Policy
Although the policy term is 10 long years, the investors have option to withdraw the investment partially after 5 years.

Global Mutual Funds India: List of Global Funds in India

List of Global Funds available in India for investing in Global Mutual Funds. Add Global Funds to your portfolio of investments.
At some or the other point in time, each investor gets attracted to the prospect of making investments at a global level i.e. taking the global exposure to international companies and markets. Global Mutual Funds We'll also discuss the benefits, advantages, disadvantages and risks involved in making investments in Global Funds, but let's being with the list of all available options for investing in Global Funds in India.

List of Global Funds in India

This list is not any particular order (like performance, etc. but just listed in a random fashion)
- AIG World Gold Fund: Deatils of AIG World Gold Fund.
Focussed on Gold, this fund is reported to give around 39% annual return in last one year.

- DSP BR World Gold Fund:
This is from the house of DSP BlackRock. Another global fundd focussed on Gold.
Last 1 year returns have been around 29%

Now, shifting away from Gold, here are the other Global Funds from other categories.

- DSP BR World Energy Fund:
Another Global Fund from DSP BlackRock house, focussed on Energy sector at a global level.
Energy has been a hot area for investments and such sector specific funds do offer a good opportunity to capitalize on the volatility. Last one year annual returns have been reported to be around 26% Global Funds

- ING OptiMix Global Commodities Fund: ING OptiMix Global Commodities Fund Details
Another good sector specific option, but focussing on entire Global commodity space. Last one year returns have been around 25%

- Mirae Asset Global Commodity Stock Fund MAGCSF: Details of Mirae Asset Global Commodity Stock Fund MAGCSF. Another commodity focussed fund on global level from Mirae asset fund management.

- DSP BR World Mining Fund:
A fund investing your money in the mining sector, from the house of DSP BR. Last one year returns have been around 22%.

- Fidelity Global Real Assets Fund:
One of the largest fund managers across the globe, Fidelity has a presence in India with their Global fund called the Fidelity Global Real Assets Fund. This one is focussing on Real Estate and related businesses at global level. Last one year performance returns has been around 25%.

Birla Sun Life also has a lot of variety in offering for Global investments. Their global funds include the following:
- Birla Sun Life Global Agri Plan

- Birla Sun Life CEF Global PMP

- Birla Sun Life CEF Global MCP

What are the benefits and advantages of investing in Global Funds?
The biggest advantage is that you get opportunities to invest at a global level. Say, there may be problems in your local market like India - political unstability, high gap in demand and supply, etc. which might hurt the returns from this local market. Hence, having some investments in overseas companies and funds help you mitigate this effect. Suppose things are well and stable in USA and UK, then even though your domestic returns are taking a hit, your investments in global companies through these global funds will not get hit because of these local problems.
Global funds also offer diversification - across sectors, across countries, across geographies, etc. which again is an advantage of global funds.

What are the risks and disadvantages of investing in Global Funds?
The biggest risk is related to the advantage discussed above. What if your local market investments is stable but the overseas countries where your Global funds have invested has a problem. You will take a hit on that note - take example of Libya, Egypt, unrest going on now causing a hit on Crude Oil prices.
Then, there is currency risks - investments overseas has the implicit risk of forex charges and forex exchange rate risk. Even if your investments are going good outside, your net return might become low because of exchange rate changes

High Charges - Since overseas investments involve lot of money transfers and forex exchanges with various kinds of charges and stamp duties to be paid as per the country or market specific requirements, the fund management charges for Global Funds are usually high.
So weigh your pros and cons, and then decide to invest in Global Funds

Dearness Allowance: Sixth Pay Commission Recommendation DA for Central Government Employees

Details about Dearness Allowance: Sixth Pay Commission Recommendation
The good news which was much awaited by the central governmetn employees with regards to the dearness allowance is finally here. The governmetn today took a good decision to provide its central government employees with some relief from the high rate of inflation and approved a decision to grant a 51% Dearness Allowance to all the central government emplyees as per the Sixth Pay Commission Recommendation. This is a big increase of 6% from the previous Dearness Allowance DA of 45%.

Dearness Allowance: Sixth Pay Commission Recommendation Details about DA hike

One of the major recommendations from the Sixth Pay Commission was to increase the Dearness Allowance or the DA and was much awaited decision. We had earlier covered details about Dearness Allowance in our articles: Dearness Allowance: Sixth Central Pay Commission Recommendation and Sixth Pay Commission: Dearness Allowance Relief to Pensioners. Sixth Pay Commission

General Sixth Pay Commission Salary Hike & Arrears Calculator

Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike

How many central government employees will benefit from this Dearness Allowance DA hike as per Six Pay commission recommendation?
More than 50 Lakh central government employees are expected to get the benfit of increased Dearness Allowance.
Along with them, around 38 lakh pensioners are also expected to benefit.

When will the new Dearness Allowance be effective?
The new Dearness Allowance DA value of 51% will be effective from January 1. So employees can expect more money in coming months as arrears payment.

How much money will this hike cost to the exchequer?
It is estimated that this hike of 6% in Dearness Allowance will cost the exchequer an amount of around 5716 Cr per annum.
The Dearness Allowance revision usually happens two times in a year, January and July.
With this DA hike, the Central Government employees who already have got a lot of benefits from the 6th pay commission recommendation have one more additional thing to feel happy about. This will be a relief for them considering the high value of inflation the common man in India is struggling with

PRIS Incentive Scheme Details (Sixth Pay Commission) for Central Government Employees

Details about Performance Related Incentive Scheme PRIS for Sixth Pay Commission Recommendations
One of the major recommendations from the Sixth Pay Commission was the introduction of the PRID System or the Performance Related Incentive Scheme as reccommended by the Sixth Pay Commission primarily for the Central government Employees. The good news is that this has been moving forward and we will very soon see some more developments on implementation of the PRIS system. Sixth Pay Commission

What are the major developments for PRIS Performance Related Incentive Scheme Sixth Pay Commission?
The most important development is that a Committee of Secretaries (COS) has been constitueted which has recently approved the broad parameters for PRIS.
The next steps will be for the Department of Expenditure and Performance Management Division to work out the framework and come up with the guide-lines for the PRIS scheme to be implemented.

Performance Related Incentive Scheme PRIS Details for Sixth Pay Commission Recommendations


Which government departments will qualify for PRIS Performance Related Incentive Scheme Sixth Pay Commission
There are a few rules which need to be met for qualification for PRIS.
A bio-metric attendance system should be there in department offices, there is a minimum score of 70% required on the results framework document, are some such needs to be fulfilled in case a department needs to qualify for PRIS.
In the initial phase, the amount of incentives paid out to the employees will be taken from the savings made by the department.

What is PRIS Performance Related Incentive Scheme under the Sixth Pay Commission
PRIS or Performance Related Incentive Scheme under the Sixth Pay Commission is a kind of monetary as well as performance rating system which will be implemented in selected departments of the central governments based upon the set criteria of fulfillment of the required conditions.
Since this is a department wide incentive program based on performance of the entire department, all the eligible employees of the entire department will get the benefit under PRIS. However, the amount of incentives received by the various employees will vary as per the ranks and levels within the department
General Sixth Pay Commission Salary Hike & Arrears Calculator (Indicative)

Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike (Indicative)

How will the PRIS system incentives vary as per the ranks within departments?
As per the info available now, the amount for performance incentive will cover all employees of the department.
The secretaries of the department will get the incentives based upon the overall performance of the department.
the Join secretaries will be paid based on some weighted average of their individual division's performance measure as well as the department's performance measure and the incentives paid to the rest of employees will be solely based on the individual performance.

Will there be any appraisal process for employees for PRIS Performance Related Incentive Scheme Sixth Pay Commission
Yes. Each individual employee needs to go through the appraisal process and the guidelines for that will be based on the Results-Framework Document (RFD).

When will the PRIS come into effect ?
Atleast 2 rounds of RFD are required. For qualifying for RFD, the department needs to fulfill the necessary requirements. Hence, it might take some time for the actual incentives to be paid to the individual employees. Expected from 2012-13, but the good news is that things are moving forward.

What are the concerns and problems with PRIS ?
Nothing comes without concerns.
The biggest concern is - whether this system be able to judge the performance of an individual or the division or the entire department properly?
Even the private sector or the corporate world today does not have an efficient appraisal system.

Then comes the other problems - the influence. It is a concern that certain ministeries and departments have more influence on the works and outputs of the other departments. How will that effect be mitigated for a fair and efficient PRIS?

SBI Magnum Taxgain Scheme: Save Tax by investing in Equity Mutual Fund of SBI Magnum Taxgain

This article contains details & information about SBI Magnum Taxgain Scheme (SBI Magnum Taxgain Mutual Fund). Also covered is the review, analysis, details and opinion about investing in SBI Magnum Taxgain
So its time for financial year end and all you individuals are wondering about how and where to save taxes. SBI Magnum Taxgain The salaried must have received the notices from their accounts and payroll department to submit tax saving investment proofs and others will be making their own calculations to work out how much taxes can be saved by investing in any tax saving scheme.

SBI Magnum Taxgain Scheme: Review Analysis Details & Opinion

To take advantage of this situation, there are lots of advertisements of various tax saving schemes in the newpaper as well as television media. One such is about the SBI Magnum Taxgain Scheme, through which you can save tax by investing for 3 long years. Let's start with the basic details of the SBI Magnum Taxgain Scheme:
What is the lock in period for investment in SBI Magnum Taxgain scheme?
being a tax saving investment product, the investment in SBI Magnum Taxgain Scheme will be locked for 3 long years. What this means is that you cannot withdraw any amount of money you invested from this SBI Magnum Taxgain Scheme till 3 years, from the date of your investment.
One other question arises - what if I invest in this mutual fund and do not claim tax benefit. Will I be able to withdraw my investment prior to 3 years?
The answer is no. Being a tax saving product, the lock in period applies to all - irrespective of whether you claim tax benefit or not.

What is the investment space for SBI Magnum Taxgain?
The SBI Magnum Taxgain will invest your money primarily in equities - that too usually of large cap stocks of the Indian Stock Market. This will be around 80% of the capital investment. Rest 20% is in debt and liquid money market instruments.

What is the minimum amount required for investing in SBI Magnum Taxgain?
You can invest in this scheme with as little as Rs. 500 and then in multiples of Rs. 500 only.
There is a SIP plan also available in SBI Magnum Taxgain.

What has been the historical performance of SBI Magnum Taxgain
SBI Magnum Taxgain is considered to be a good performer among the tax saving schemes. It's returns are claimed to be better than that of the Nifty.

Any benefit in investing in SBI Magnum Taxgain NOW? SBI Magnum Taxgain
Yes - SBI Magnum Taxgain has announced a dividend of Rs. 4 per unit with the record date of 18th March 2011. That means if you are in the list of investors of SBI Magnum Taxgain on 18th March, you will get back a cash dividend of Rs. 4 per unit.
This is like getting a portion of your locked in money earlier than 5 years. That's why you will see some ads in newspaper about SBI Magnum Taxgain now.

What are the other competitor products to SBI Magnum Taxgain
There is the SBI Tax Advantage Fund from SBI itself which can be considered.
Then there are several infrastructure bonds issues currently open which will provide you tax savings like PFC Infrastructure Bonds for Tax Saving and others. However, please note that lock in period for infra bonds is 5 years, not 3 years as is the case with several ELSS schemes like SBI Magnum Taxgain

Motilal Oswal Most Shares NASDAQ-100 Fund-NFO: Review Analysis & Details

This article contains info about Motilal Oswal Most Shares NASDAQ-100 Fund NFO: Review, Analysis, Details & Opinion.
Is it the time to reerse the capital money flow? Looks like so.
The general concept for majority of the foreign investors from devloped market is to look for investment opportunities in the so called "Emerging Markets". However, the performance of the emerging markets have been in question recently. With the countries like USA out of recession post the 2008 era, the investors now look at these so called developed markets as well for good returns on their investments.
Investors in India however still dont have much options to invest in devloped market specific stocks, mutual funds or other assets. So, to fill this gap, the Motilal Oswal Asset Management company has come out with its ETF or Exchange Traded fund called Motilal Oswal Most Shares NASDAQ-100 ETF, which will allow investors to take exposure in the NASDAQ 100 stocks index and being an ETF it will offer traders as well as investors real time trading opportunity.

In this article, we will analyse how good is this Motilal Oswal Most Shares NASDAQ-100 Fund NFO, whether this Motilal Oswal Most Shares NASDAQ-100 Fund offers anything new or unique for the investors and whether the investors should invest in Motilal Oswal Most Shares NASDAQ-100 Fund.

Motilal Oswal Most Shares NASDAQ-100 Fund NFO: Review Analysis & Details

Let's begin with some basic details about Motilal Oswal Most Shares NASDAQ-100 Fund.

What are the NFO dates for Motilal Oswal Most Shares NASDAQ-100 Fund?
The NFO period for Motilal Oswal Most Shares NASDAQ-100 Fund will open on March 16th, 2011 and will close on 23 March 2011. Motilal Oswal Most Shares NASDAQ-100 Fund

What is so unique about this Mirae Asset India-China Consumption Fund?
The most important part of this ETF is that it is the first ETF in India which will focus on a US market and has an underlying tracking index as NASDAQ-100. This will give Indian Investors a good opportunity to trade the NASDAQ-100 index or invest in it for long term. The underlying belief is obvious that NASDAQ-100 index will perform better and generate good returns. It is expected that the US is currently in recovery phase after the 2008 recession and will lead the high growth and hence good returns are going to be generated from this market.
Being an ETF or Exchange Traded Fund, this will also given short term traders a good opportunity to trade the tick by tick price movements and benefit.

The minimum application amount for Motilal Oswal Most Shares NASDAQ-100 Fund is Rs. 10,000 and afterwards in multiples of Rs. 1.

Mr. Rajnish Rastogi is the fund manager for Motilal Oswal Most Shares NASDAQ-100 Fund ETF.
The Motilal Oswal Most Shares NASDAQ-100 Fund will be listed on both NSE and BSE post the NFO period.

No tax benefit will be available in Motilal Oswal Most Shares NASDAQ-100 Fund.

What are the other competitor products available in comparison to Motilal Oswal Most Shares NASDAQ-100 Fund?
As of now, we are not aware of any mutual fund available in India which is focussing on India and China.

What are the risks of investing and trading Motilal Oswal Most Shares NASDAQ-100 Fund ETF?
Most importantly, you need to take the time in consideration. India sleeps when the US markets are awake (and vice versa) because they are geographically on the other side of the globe. So how will this ETF prices track the underlying price movements is not clear - that is something which can be observed only when the fund lists on Stock Exchanges and starts trading. In the absence of unerlying index price changes, it will be interesting to see how the prices of this ETF change throughout the Indian Trading hours. However, long term investors who wish to invest in Motilal Oswal Most Shares NASDAQ-100 Fund ETF for long time duration should not worry about this, as in the long term the prices will match the underlying index, post expense ratio and tracking error.

Another big risk equally applicable to both short term traders and long term investors is the USD-INR forex exchange rate risk. Remember, you are going to buy a US listed index which trades in USD in INR. Here is an good example of Forex trading risk: Effect of forex on stock prices

Other products from Motilal Oswal Asset management: Motilal Oswal MOSt Shares M50 ETF and MOSt Shares M100 ETF

Final Thoughts about Motilal Oswal Most Shares NASDAQ-100 Fund?
If you believe that US companies will outperform the other markets, then you can invest in this fund. However, also take into consideration the forex risk that is involved here.
In essence, its a good unique products for both traders and investors as there is no other product available in the Indian Markets which provides exposure to the US markets and its stocks - but it needs to be considered with the risk listed above

Airtel Stock Analysis: Airtel Ranks No. 1 in Customer Complains: Time to rethink

Few days back, when the new emerging ET Now channel had a prime time news - Bharti Airtel gets maximum customer complaints: TRAI - I was not surprised. Being an Airtel customer for past many years and having faced the routine troubles, in a way I was satisfied to see that I am not the only one to face problems with Airtel - the majority is with me :) Airtel
Anyways, in this article We discuss the Airtel Business model, its advantages, disadvantages, its areas of improvements, what is going wrong with Airtel to do a stock Analysis of Airtel. A look at the nos reveal that Airtel complains were way above the rest - 3570 for Airtel compared to 2100 of the next highest Reliance Communications. That's a big difference of more than 75% higher complains.
Airtel is known to be one among the market leaders in the telecom space in India. With the acquisition in the African continent, it is the world's fifth largest telecom operation and telecom services provider.
What is the major area for customer complains?
The major area of customer complains is the same usual stuff - change to higher billing without notice, unsolicited activiation of chargeable services, no satisfactory resolution of complains.
Now, the biggest problem with Airtel is that it has started to charge its customers if they call up on their customer services no. 121. Ideally, this call should be free. But no, airtel is planning to save some money by reducing the no. of customer service representatives (and hence their salaries) and hence they are discouraging the customers to call on customer care nos. They expect customers to get that info by SMS or by logging onto airtel site on internet.
That, in my frank opinion, is really weird. India is not a country where you will find majority of the people feeling happy about getting info and updates through SMS - they are still not that tech savvy. People prefer to speak and listen - and that is the most effective way to win satisfying customers. Airtel seems to have got it wrong. The fact is that info is not available properly through SMS or Voice based services, and people are then forced to call. And when they are charged for it, they feel cheated.
With no. portability coming in, many individuals have switched. In fact another competitor, DOCOMO, had even advertised attacking this method of charging customer care calls - they advertised by explicitly mentioning "No charge for customer care calls".
Club these 2 things together - high no. of customer complains, and if you want a resolution for that you are charged for such calls. Won't the customers run away to other operators?

Advertising of Airtel?
It's a big question mark to me.
First, lets see what the competitors are doing in advertising space.
Idea has signed up with Abhishek Bacchan - they must be paying a big amount to him. They have also joined hands with six world cup captain from different countries with the concept of "Keep Cricket Clean". Still, that amount will not be that high. So bascially, Idea has one single brand ambassador.

Vodafone - we love the ZooZoo and the cute dogie. No brand ambassadors to pay. It's a great advertising concept and works far better than anyone else. The only people you need to pay is the ad agency. Highly effective and cost saving.

Docomo - Simple and effective. No high cost.

Now come to Airtel Advertising. Have a look at the list of "Brand Ambassadors" - Shahrukh Khan, Saif Ali Khan, Kareena Kapoor, even Saina Nehwal (for international roaming). Interestingly, they are all big superstars and must be costing a big amount to Airtel for being its brand ambassadors. Imagine, if the same amount of money being paid to 4 brand ambassadors had been reduced to a single one, and the saved money had been spent in keeping customers happy with no charges to call customer care, or paid back to the Airtel stock holders as dividends, it would have been much more beneficial to win loyal customers and satisfying stock holders.
It surprises to think that they are ready to pay multi million dollars to so called superstars, but not willing to offer satisfactory customer support.
The philosphy of hiring more and more "superstars" for brand advertisements needs a rethink. If a line of superstars was the only way to getting you more business, then Vodafone, Docomo, Idea would have collapsed by now. Rather, they are doing fairly well.

Rebranding exercise of Airtel - who bears the heavy cost?
So we all were happy to see the new logo of Airtel? Were we? Ask the shareholders.
The company management went for a new logo - justified it in several ways - red color for youth and energy, logo in small letter for showing humility, blah, blah, blah, etc., etc.
Every single poster on even a paan-shop, every single ad board on the street, everything was replaced with the new logo. Crores of Rs. were spent in this new rebranding exercise.
As per the news for last quarter results, the net income declined by a hooping 41%, and the company happily attributed it to the cost associated with rebranding exercise.
The big question is - who bears the heavy cost of this rebranding? It's you, the shareholders.
Another question - whether this was necesary? ANy analyst would say it was not. Are the customers deciding their telecom operator based upon their logo? Or based upon what color it is? Or based upon whether it is in small letters or capital letters?
The fact is that this was an unnecesary cost. It could have been paid back to the shareholders in the form of dividend or invested in improving business operations or providing better satisfying support to the customer. At the end, it came out as a loss. It's the shareholders who lost.

Other problems with Airtel:
There have been several other instances which force a customer to run away or switch to other operator.
Unwanted charges for services not requested is one common complain.
Then, all of a sudden, one fine day majority of the prepaid customers find that their connection is blocked. All they receive is an SMS saying that CUSTOMERS have not provided their full KYC details (Know Your Customer) details and asked to come to the nearest Airtel Relationship center.
Upon reaching the ARC, they find a big queue of people having the same problem. And this is not just with new customers, even old customers who are more than 5 years with Airtel were hit. Whose responsibility is it to follow KYC upfront?
Few years back in Maharashtra, one fine day all Airtel prepaid mobiles go off and the situation remains as it is for 3 days. Why? Because Airtel has a power problem at one of their towers. Later, an apology is published in national newspapers. What about the problems people faced for those 3 days?
All of a sudden, one fine day the internet tarrif is suddenly increased from 10 ps rate to 30 paise rate - Tripled. And then the customers are expected to remain loyal with more business.

Overall Airtel Stock Analysis?
Given the fierce competition going on in the Indian Telecom market, that too with MNP being available, it seems that with its current pricing and charges model, Airtel is bound to loose out on it market share. It will be the Docomos and Virgin mobiles who might hit it hard.
All the high costs involved in rebranding has already taken a hit on income. Its true that this does not happen very often, but Shareholders need to be aware about these management decisions, because its the shareholders who own the company and they get hit.
Then comes to African business they recently got into. Last Quarter results also mentioned that they had big forex losses because of forex currency price fluctuation. It is again going to take a toll on shareholder's investments.
3G plans have been lauched in Bangalore & Mumbai, but the cost is high.
Not sure whether they will benefit or loose out from MNP, but looking at the high no. of customer complains does not pose a rosy picture for Airtel stock.

Mirae India-China Consumption Fund-NFO: Review Analysis & Details of Mirae India-China Fund

This article contains info about Mirae Asset Mutual Fund India-China Consumption Fund NFO, Review, Analysis, Details & Opinion.
Many stories are floating around about the growth and prospects of the Emerging countries like India, China, Brazil, etc. Many things are said and claimed about the high growth, high demands of the bulgeoning populations in these countries. Mirae Asset Mutual Fund has come out with a new fund offer, specific to the countries of India and China, and claims to benefit from growth potential of the companies which will be generating their business and profits from the consumption in these 2 large countries.
In this article, we will analyse how good is this Mirae India-China Consumption Fund NFO, whether this Mirae India-China Consumption Fund offers anything new or unique for the investors and whether the investors should invest in Mirae India-China Consumption Fund.

Mirae India-China Consumption FundNFO: Review Analysis & Details

Let's begin with some basic details about Mirae India-China Consumption Fund.

What are the NFO dates for Mirae India-China Consumption Fund?
The NFO period for Mirae India-China Consumption Fund will open on March 9th, 2011 and will close on 23 March 2011. Mirae India-China Consumption Fund
What is so unique about this Mirae Asset India-China Consumption Fund?
In terms of the name and focus sector of this fund, this Mirae India-China Consumption Fund does sound to be unique. As of now, we are not aware of any other fund which is focussing on companies deriving business and revenue from the ever growing consumption needs from these 2 countries, hence this fund might be unique in that sense.
It primary focus will be consumption and related sectors for these 2 countries. The underlying assumption is that people of these 2 countries have increasing earning power and that will fuel the growth of the companies in the consumption sector hence this will be a niche area to invest. The middle class has growth potential, the urbanisation is happening at a rapid pace and rising incomes of the large population will ensure the growth continues to see big leaps. Whether this assumption continues to hold for your investment period, will be a question to look for.

The minimum application amount for Mirae India-China Consumption Fund is Rs. 5000 and afterwards in multiples of Rs. 1.

Mirae India-China Consumption Fund Entry Load: Nil
Mirae India-China Consumption Fund Exit Load: 1% if exit within 1 year, NIL afterwards.
SIP or systematic investment plan is also available.
No tax benefit will be available in Mirae Asset India-China Consumption Fund

Multiple options available for investments:
Growth Option
Dividend Option - Payout, Reinvestment facilities

There is a Management & Administration Fees - 1.25% and total recurring expenses will be upto 2.5%

One more thing to note is that majority of the capital allocated will be to Indian Companies - around 65%-90%. Rest 10%-35% will be to Chinese Companies. SO investors might end up owning a fund which primarily is into Indian Equities only, if the fund managers decide to go by 90% Indian companies investment. Then this fund might loose its uniqueness of India China Fund. Investors must keep an eye on the fund holdings, if they are really looking for an India-China fund.

What are the other competitor products available in comparison to Mirae India-China Consumption Fund?
As of now, we are not aware of any mutual fund available in India which is focussing on India and China.

However, There are other funds from Mirae Asset launched in the past: Mirae Asset Global Commodity Stock Fund MAGCS, Mirae Asset India Opportunities Fund, Mirae Asset Emerging Bluechip Fund
Investors who are keen on investing in the India China sector can look into this fund as an option.

Final Thoughts about Mirae India-China Consumption Fund?
This is a completely new sector in terms of geographical coverage. However, I would have been more pleased had the India-China allocation had been 50-50. As of now, at the current allocation, it is possible that this fund ends up holding only Indian companies, which will let it loose the uniqueness. Investors who believe in India China Growth story and believe that Mirae Asset Fund Managers will be able to generate good returns maintaining a right balance between India and Chinese holdings, can give it a shot

High Beta Stocks India NSE BSE: List of High Beta Stocks

This article covers the High Beta Stocks in India on NSE & BSE. A list of Beta Values for NSE listed stocks is also covered in a table, with meaning and examples of beta stocks and beta values High Beta Stocks
Very often, every trader comes across the requirement for checking the Beta values. Why is the beta value so important? Simply because the higher the beta value of a particular stock, the higher its corresponding price movement with respect to the given market index. Cant understand that? Let's take an example: Suppose the market index like Nifty moves +1% and the 2 stocks say HPCL and Reliance move -0.5% and +2% over the same time period. So basically, nifty goes up by 1%, and correspondingly the HPCL goes down by 0.5% and Reliance goes up by 2%. Hence, with respect to Nifty (underlying index), the HPCL has a beta of -0.5 and Reliance has a beta of +2. So if the nifty moves 2%, then Reliance will be expected to move 4% and HPCL will be expected to go down by 1%. But if Nifty goes down by 2%, then HPCL will be expected to go up by 1% and Reliance will be expected to go down by 4%. Hence, beta values of a particular stock tells you how much sensitivity it has with respect to a given change in the market index.

List of High Beta Stocks on NSE BSE India and their Beta Values

Below is the table which indicates the Beta values of all the NSE Stocks in the reverse order of Beta

Sr

Symbol

Security Name

Industry

Beta

R2

Volatility

1

JPASSOCIAT

Jaiprakash Associates

DIVERSIFIED

1.7

0.69

5.07

2

HINDALCO

Hindalco Industries

ALUMINIUM

1.64

0.72

2.56

3

STER

Sterlite Industries (India)

METALS

1.53

0.68

2.23

4

ICICIBANK

ICICI Bank

BANKS

1.51

0.78

2.5

5

TATAMOTORS

Tata Motors

AUTOMOBILES - 4 WHEELERS

1.51

0.65

3.78

6

DLF

DLF

CONSTRUCTION

1.43

0.66

2.43

7

TATASTEEL

Tata Steel

STEEL AND STEEL

1.38

0.72

2.15

8

IDFC

IDFC

FINANCIAL INSTITUTION

1.36

0.68

3.52

9

RELCAPITAL

Reliance Capital

FINANCE

1.34

0.63

4.76

10

SUZLON

Suzlon Energy

ELECTRICAL EQUIPMENT

1.32

0.54

3.31

11

AXISBANK

Axis Bank

BANKS

1.29

0.71

2.56

12

SESAGOA

Sesa Goa

MINING

1.29

0.54

2.75

13

SAIL

Steel Authority of India

STEEL AND STEEL

1.24

0.64

1.89

14

RELINFRA

Reliance Infrastructure

POWER

1.23

0.48

6.29

15

KOTAKBANK

Kotak Mahindra Bank

BANKS

1.17

0.64

2.85

16

RCOM

Reliance Communications

TELECOM - SERVICES

1.17

0.46

3.99

17

SBIN

State Bank of India

BANKS

1.15

0.66

2.33

18

JINDALSTEL

Jindal Steel & Power

STEEL AND STEEL

1.14

0.7

2.46

19

HDFC

HDFC

FINANCE - HOUSING

1.12

0.67

2.45

20

M&M

Mahindra & Mahindra

AUTOMOBILES - 4 WHEELERS

1.12

0.6

2.7

21

LT

Larsen & Toubro

ENGINEERING

1.07

0.69

2.97

22

RELIANCE

Reliance Industries

REFINERIES

1.05

0.71

1.9

23

RPOWER

Reliance Power

POWER

1.05

0.51

2.96

24

HDFCBANK

HDFC Bank

BANKS

0.99

0.69

1.77

25

AMBUJACEM

Ambuja Cements

CEMENT AND CEMENT

0.89

0.46

2.2

26

CAIRN

Cairn India

OIL EXPLORATION/PROD

0.89

0.55

1.74

27

HCLTECH

HCL Technologies

COMPUTERS - SOFTWARE

0.88

0.52

1.74

28

RANBAXY

Ranbaxy Laboratories

PHARMACEUTICALS

0.88

0.54

2.24

29

PNB

Punjab National Bank

BANKS

0.85

0.6

2.05

30

TCS

Tata Consultancy

COMPUTERS - SOFTWARE

0.83

0.53

1.71

31

BHEL

Bharat Heavy Electricals

ELECTRICAL EQUIPMENT

0.81

0.64

2.02

32

WIPRO

Wipro

COMPUTERS - SOFTWARE

0.81

0.53

1.72

33

ITC

I T C

CIGARETTES

0.76

0.53

2.56

34

INFOSYSTCH

Infosys Technologies

COMPUTERS - SOFTWARE

0.75

0.6

1.31

35

BHARTIARTL

Bharti Airtel

TELECOM - SERVICES

0.73

0.38

1.94

36

MARUTI

Maruti Suzuki India

AUTOMOBILES - 4 WHEELERS

0.68

0.44

1.72

37

TATAPOWER

Tata Power Co.

POWER

0.67

0.53

1.64

38

BAJAJ-AUTO

Bajaj Auto

AUTOMOBILES - 2 & 3 WHEELERS

0.64

0.41

1.89

39

ONGC

Oil & Natural Gas Corp

OIL EXPLORATION/PROD

0.64

0.43

2.01

40

ACC

ACC

CEMENT AND CEMENT

0.61

0.4

1.58

41

SIEMENS

Siemens

ELECTRICAL EQUIPMENT

0.61

0.37

0.4

42

NTPC

NTPC

POWER

0.57

0.5

1.66

43

SUNPHARMA

Sun Pharmaceutical

PHARMACEUTICALS

0.56

0.37

2.08

44

GAIL

GAIL (India)

GAS

0.54

0.4

1.36

45

HEROHONDA

Hero Honda Motors

AUTOMOBILES - 2 & 3 WHEELERS

0.52

0.25

2.92

46

BPCL

Bharat Petroleum CL.

REFINERIES

0.51

0.25

2.3

47

HINDUNILVR

Hindustan Unilever

DIVERSIFIED

0.51

0.37

1.08

48

DRREDDY

Dr. Reddy's Laboratories

PHARMACEUTICALS

0.48

0.34

1.69

49

POWERGRID

Power Grid Corporation

POWER

0.48

0.41

1.22

50

CIPLA

Cipla

PHARMACEUTICALS

0.46

0.33

1.02

Please note: Beta & R2 are calculated for the period 01-March-2010 to 28-Feb-2011
As you can see, as of now as per the given table, JP associates, hindalco and Sterlite are having the highest beta values, while Cipla, powerGrid and Dr. Reddy's are having the lowest Beta values in the given period.

Copyright Information:
© Finance-Trading-Times.com
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the author of this site. The content should NOT to be reproduced on any other website or through other medium, without the author's permission. Contact: contactus(AT)finance-trading-times.com

DISCLAIMER: Before using this site, you agree to the Disclaimer. For Any questions or comments, please mail contactus(AT)finance-trading-times.com.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer