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SIP - Short Term Pain Long Term Gain.


Mutual fund Investment 

Short Term Pain

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Mutual Funds - SIP

Gold Vs Gold ETFs

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Thanks to UTI MF

Dr. A. Sakthivel, FIEO Urged compensate additional transaction cost due to implementation of GST through FTP provisions.

Dr. A. Sakthivel, Regional Chairman, FIEO Southern Region Urged Union Minister for State for Commerce and Industry to compensate additional transaction cost due to implementation of GST through FTP provisions.

Dr. A. Sakthivel, Regional Chairman, FIEO Southern Region met Hon’ble Minister for State for Commerce and Industry Mrs. Nirmala Sitharaman today at Delhi and taken up issues of exporters.  While highlighting the issues of exporters related to blockage of funds due to GST, Dr. Sakthivel urged for additional incentives and revamping incentive schemes to suit the needs of export sector.  Dr. Sakthivel also expressed his concern on stronger rupee and said that implementation of GST as well as rupee appreciation started eroding competitiveness of Indian exports and requested for urgent intervention of  Commerce Minister.  He also highlighted his apprehension on  huge enhancement of minimum wages  and requested for Minister’s intervention to see that competitiveness of Indian manufacturers will not be lost to our neighbouring South East Asian countries as new investments in manufacturing sector is highly depend on cost advantages especially related to labour.

Dr. A. Sakthivel, Regional Chairman,
FIEO Southern Region 
FIEO Regional Chairman also highlighted the issues of exporters due to frequent disturbances in  Customs EDI / and DGFT  system and said that delay in clearance of goods is seriously affecting the reliability of Indian exports apart from high transaction cost.  He also urged the Department to look into the liquidity crunch of exporters and suggested for e-wallet so that exporters can procure raw materials  as well as finished goods for exports without actual payment of GST.  Dr. Sakthivel also sought special scheme for promotion of Indian Brands in international market.

Hon’ble Minister assured all her support to overcome the issues of exporters and said that she is working with the Department for resolving the issues raised.

FIEO -  Federation of Indian Export Organisations
Southern Region
Spencer Plaza, Unit No.706, 
7th Floor,769, 
Anna Salai,
Chennai - 600 002
Phone: +91-44-28497766, 28497755, Fax: +91-44-28496666
Email: unni@fieo.org                                              


ANAROCK Property Consultants Acquires LJ Hooker’s Indian Operations - Redwoods

ANAROCK Property Consultants Acquires LJ Hooker’s Indian Operations - Redwoods

Strategic acquisition to boost ANAROCK’s capability in integrated real estate solutions, dedicated design center in Bangalore

Bangalore, August 30, 2017 - Consistent with its focus on becoming India’s leading residential real estate solutions company, ANAROCK Property Consultants Pvt. Ltd. has announced the acquisition of Redwoods, the Indian arm of LJ Hooker, based out of Bangalore. The acquisition was closed today, with ANAROCK absorbing all Redwoods employees. 

Anuj Puri, Chairman - ANAROCK Property Consultants says, "The acquisition of LJ Hooker’s Redwoods is in line to our overall business strategy and will help us augment our operations across key southern markets. It will give us unparalleled competitive advantage in offering customized real estate solutions. With its strong presence and unique multi-pronged approach, ANAROCK is decoding unmatched value for both B2B and B2C clients.”

ANAROCK Property Consultants is already redefining the residential real estate services sector in India by offering integrated solutions through a hybrid model of online and offline convergence. The company launched its operations under its flagship brand name of ANAROCK in June 2017 and is well on its way to cross INR 100 crores of revenues for 2017 calendar year. The firm has aggressive plans to achieve INR 250 crores of revenues in 2018.
Anuj Puri, Chairman -
ANAROCK Property Consultants

With a growing team of over 750 professionals, ANAROCK aims to cross 1000 in employee strength by the end of 2017. The company currently operates in all key property markets across India - Mumbai, Chennai, Bangalore, Gurgaon, Noida, Hyderabad, Kolkata AND Pune, with an international presence in Dubai.

About ANAROCK Property Consultants Pvt. Ltd.:

ANAROCK Property Consultants Pvt. Ltd. is one of India’s leading real estate services company having diversified interest across real estate value chain. Anuj Puri, ANAROCK Group Chairman, is an acknowledged thought leader in the Indian real estate industry and numbers among the most established expert on India’s real estate opportunities, both in India and across the globe. With a careers spanning over 27 years, Anuj Puri was the former Chairman & Country Head of international property consultancy JLL India.

The ANAROCK Group’s key strategic business units comprise of residential broking and advisory services to clients, investment services, debt, equity and mezzanine funding, and research and consulting. ANAROCK’s residential team consists of the industry’s finest residential real estate professionals who understand the ever-changing consumer needs and market trends. With its vast experience and expertise in serving the most reputed developers, corporate houses, portfolio investors and individual investors makes ANAROCK India’s pre-eminent residential real estate services firm. The company’s investment arm has built a revolutionary business model of bulk-purchasing residential apartment inventory through a proprietary investment fund. For further information, please visit www.anarock.com

About LJ Hooker:

Established in 1928 by Sir Leslie Joseph Hooker, LJ Hooker has grown to become Australasia’s best-known real estate brand (Galaxy BrandTrack 2015). It is one of the largest residential and commercial sales and property management organizations in the industry with more than 8,000 sales professionals, property managers and support team members in 730 franchised offices.

LJ Hooker has an exciting and impressive heritage of innovation, perseverance and bold decision-making. The company's strong people-focused culture was established and defined by its founding visionary: Leslie Joseph ‘LJ’ Hooker in 1928. A constant innovator, entrepreneur and devotee of best practices, he changed the way real estate business was conducted in Australia. Today, LJ Hooker is Australia's best known real estate brand.

About Redwoods Projects Pvt. Ltd.

Established in 2006 with the philosophy of providing customized real estate solutions to clients, Redwoods has expertise in fund management, deal structuring, fund syndication, joint developments and unique transactions. With over 25 million sq.ft. of leasing experience across all major markets, Redwoods have nurtured long-standing relationships with all major developers across India.

Redwoods partnered with BNP Paribas Real Estate in 2008 to jointly provide real estate services in India. The company successfully exited the Joint Venture in 2010 after establishing a successful realty arm in BNP Paribas.

Contact Information:

Vishal Sharma
Phone: +91 9819913156


Why you should track Mutual Funds schemes’ benchmarks

Why you should track Mutual Funds schemes’ benchmarks

by Ms. BEKXY KURIAKOSE, Principal PNB Asset Management Company

As a   investor, your investments need to meet your saving and financial goals and therefore you need to know how to evaluate the performance of the schemes you have invested in.

While there are different ways to measure performance, be it an absolute return goal, volatility of returns or comparison with other similar mutual fund schemes, one of the reliable ways to measure performance is to compare the scheme’s performance with its benchmark.

Simply put, a benchmark is a standard that can be used to judge or measure the performance of a scheme. Benchmarks are usually provided by third-party independent service providers.

In India, there are three key bodies who provide most of the benchmarks used by mutual funds. These are NSE, BSE and CRISIL.

Both NSE and BSE construct, maintain and publish various equity indices. CRISIL also independently publishes various indices, including fixed income indices.

For equity oriented schemes, some of the commonly used indices are BSE (Sensitive) Index, CNX Nifty, BSE 100, BSE 200 or CNX 500.

For debt, most mutual funds use CRISIL’s fixed income indices like CRISIL Liquid Index or CRISIL Composite Bond Index. For balanced funds, CRISIL Balanced Fund Index is generally used.

For constructing a benchmark, an eligible list of companies, debt instruments, other assets are shortlisted.

These are then ranked on various parameters like market capitalisation, liquidity, volume/turnover, etc. Based on a well-researched proprietary methodology, securities are shortlisted and weights decided.

Index values are calculated and then published. Index values are usually available for five to 10 years, or more.

Periodically, index constituents, weights and even methodology may be changed depending on market conditions.

Mutual funds publish the performance of their scheme vs the benchmark in their monthly fact sheets in a pre-specified format laid down by SEBI.

Generally, if a scheme’s returns are higher than the benchmark’s returns over the same period, the scheme is considered to be managed well.

A significant point to note while comparing returns is that the scheme benchmark index values purely capture the underlying index portfolio returns. It does not have a component for expense ratio, while mutual fund schemes charge expenses.

To that extent, one can say that mutual fund scheme returns are net of expense ratio (as NAVs are adjusted for that) and benchmark returns do not have element of expense ratio.

Investors should suitably account for this factor.

The other key factors leading to variance in return of schemes as compared to the benchmark are active management by the fund manager, inflows and outflows into the fund and cash levels.

Compare right..!

Investors need to exercise caution on account of three factors when comparing returns. Using benchmarks is akin to comparing apples with apples i.e., within the same asset class.

Hence an equity benchmark cannot be used to evaluate performance of a debt scheme.
Benchmarks do not guarantee any absolute return. Even benchmark returns can be negative depending on market movements.

Outperformance / Underperformance against a scheme benchmark does not necessarily mean the scheme rank among the peers is best/worst. Peer group ranking is a separate exercise.

Checking scheme benchmark returns is one way to know how your fund is doing.

About the author 

The writer is Head – Fixed Income, Principal Pnb Asset Management Company.



A To Z of Copycat Investing..!

A To Z of Copycat Investing..!


If you bought a stock just because a big investor did, you could be hit when the stock goes through a bad patch

Making money from stocks may look easy as pie in a bull market, but regular investors know that unearthing winners is far from easy. One short-cut that has gained ground globally is copycat investing, also known as coat-tailing or side-car investing.
Copycat investors simply keep an eagle eye on the investment moves of a renowned market wizard, and faithfully replicate his or her buys and sells.

While investors in the US markets look at the quarterly portfolio filings of large funds to hang on to their coat-tails, Indian copycat investors have multiple sources to rely on.
Quarterly shareholding updates filed with the exchanges can reveal new investors who own more than 1% equity. Monthly portfolio disclosures of equity funds can tip you off to buys and sells.

Bulk deals data disseminated daily by the stock exchanges, post market hours, can tip you off to trades in which more than 0.5% of the outstanding equity in a stock changed hands.

Of late, there are also many investment blogs and fan sites (gurufocus.com, rakesh-jhunjhunwala.in, alphaideas.com, for instance) dedicated to tracking the above filings and offering readymade data on what your favourite investors bought or sold.
Lately, there’s also the social media, where legions of followers eagerly seek stock tips from well-known money managers on Twitter.

But if you’re a newbie investor who thinks that making big money in the markets is as simple as following a Rakesh Jhunjhunwala fan site, or mimicking the bulk deals of Porinju Veliyath, Ramesh Damani or Mohnish Pabrai, you’re quite mistaken. Copycat investing carries risks.

Often, big money in the stock market is made not through the act of swooping in on the right stock, but by holding on to it through thick and thin. This kind of perseverance requires a lot of conviction about the business and your reasons for owning a piece of it.

 If you simply bought a stock because a big investor did, and didn’t pay much attention to the business, you could experience a lot of mental turmoil when the stock goes through a bad patch.

SEBI’s recent crackdown on ‘shell companies’ abruptly suspended daily trading in 331 stocks. Among the stocks that were hit were Prakash Industries, where Rakesh Jhunjhunwala owned a 1% stake (June 30 shareholding) and J Kumar Infraprojects, where a clutch of top mutual funds owned stakes (July 2017 portfolio disclosures).
Now, when hit with this thunderbolt, a Jhunjhunwala or a HDFC Mutual Fund may assess the business and decide to hold on, if they believe the company has a fundamentally-sound business that will eventually shake off this crisis.

But if you are a copycat investor who has not studied the business as deeply, it will be hard not to panic.
Investment ADVISOR

Even stock market wizards do make mistakes. This May, Warren Buffett admitted to making a blooper in buying IBM six years ago and said that he had sold a third of his position in the preceding months.

Mr. Rakesh Jhunjhunwala’s bet on the 2010 IPO of A2Z Infra Engineers backfired, with the stock losing over 75% in the two years after the IPO.

What makes Buffett or a Jhunjhunwala ace investors is not the fact that they never make mistakes, but the fact that they own large portfolios where winners far outnumber losers.

Copycat investors are often focused on finding out the latest big bet made by their idol and don’t bother to look at their entire portfolio. By mirroring the individual buys or sells of big investors, they run the risk of picking up their duds, while missing out on their winners.

Delayed information..!

The price at which you acquire and liquidate a stock in your portfolio can be a big decider of returns.

Copycat investors who look to public sources or social media for tips from their gurus, may get delayed or half-baked information.

Professional managers who oversee portfolios for private clients or investors will seldom tip off the market to their buy or sell decisions before they make them.
After all, doing so will bid up or batter down the price of the stock they want to buy or sell, and undermine the investors’ returns.

Even private investors may not want to tip their hand to the markets while they’re in the process of building or liquidating a position.

On July 21, 2017 the stock of debt-laden infrastructure player, Jaiprakash Associates, soared by 17% after the company’s shareholding disclosure for June 30, revealed a 1.03% stake held by Mr. Rakesh Jhunjhunwala.

The March 31 holding did not feature this stake. Many copycat investors no doubt hopped on to the risky infrastructure player, believing that Jhunjhunwala had picked up the stake this quarter. But it is quite possible that he held a less than 1% position earlier, which he only topped up.

Stomach for risk..!

Rather than look for established names, many copycat investors today are keen to know of penny stocks picked up by big-name investors, which can multiply money in a matter of months.

Now, high net-worth investors may bet on distressed companies or turnarounds, because they are okay with all-or-nothing bets. They may have a risk management strategy in place where they hedge their bets, or only a part of the portfolio is devoted to risky stocks.

But copycat investors who follow them may not have an equally sound understanding of risks. They may end up with their fingers singed if these bets backfire.

Overall, tracking the stock moves of big investors can be a useful source of investing ideas. But before you bet your money on it, do your own homework.


Here's how to be a Crorepati by starting out with just Rs. 5,000 a month investment

Here's how to be a Crorepati  by starting out with just Rs. 5,000 a month investment

Many individuals would like to start their investments when they have a large sum to invest. They believe investing a small sum regularly will not help them to meet their ambitious long-term goals. That is why many of them defer their investments indefinitely.

However, they would be surprised to know that investing merely Rs. 5,000 through a monthly Systematic Investment Plan (SIP) in an equity scheme would help them to create a corpus of Rs. 1 crore in a little over 20 years.

Investing via monthly SIP of Rs. 5,000

Investing in an equity mutual fund scheme via an SIP is the best way to achieve your long-term goals. Equity has the potential to offer superior returns than other asset classes. It may also help you to beat inflation which is essential to achieve long-term goals. They also enjoy favourable taxation. 

Now, long-term capital gains tax on investments held over a year is tax-free
If you can spare Rs. 5,000 every month, start an SIP immediately in equity mutual funds. 

If you need help with selecting schemes, you can check our recommended equity mutual fund portfolios and pick a portfolio based on your risk appetite and SIP amount. 

If your portfolio manages to offer an annual return of 12%, you would be able to create a corpus of Rs. 1 crore in 25.5 years

However, this is not an ideal way to invest. You should try to increase your investments in tandem with your income.

Increasing SIP amount every year

Let us assume that you may be able to increase your SIP allocation by 10 per cent every year. 

So, in the first year you will have an SIP of Rs 5,000 per month, in the second year it will be Rs. 5,500 (Rs 5,000+10% of Rs 5,000), in the third year it will be Rs. 6,050 (Rs. 5,500 + 10% of Rs 5,500 ..

This will help you to meet your target corpus of Rs. 1 core in 21 years. 


This is Time for Real Estate Agents to Evolve..!

This is Time for Real Estate Agents to Evolve..!

Mr. Prateek Pant, Sanctum Wealth Management Pvt. Ltd.

In India, real estate along with equity capital markets have been the largest source of wealth creation among investors. But many investors tend to be over-allocated to real estate due to legacy holdings.

There is also a general belief that unlike capital markets, the real estate sector 
has been largely unregulated with few stakeholders profiteering.

The capital markets also went through their own stages of evolution.

However, as a proactive regulator, the Securities and Exchange Board of India (SEBI) has taken strong corrective steps and what we have are well-regulated, completely dematerialised and smooth functioning capital markets, which inspire confidence.

The incumbent government has shown urgency in regulating the real estate sector, which has over the last few years seen a significant slowdown in the residential space. 

Hence the Real Estate (Regulation and Development) Act, 2016 (RERA) has finally seen light of the day, with many states issuing draft notifications as well.

The key difference is that since land is a state subject, each state has to promulgate its own Act and establish its regulatory authority.

RERA provides for regulatory oversight and puts in place roles and responsibilities around four pillars of the real estate sector: regulators, developers, brokers and consumers.

There have been significant discussions about the impact of RERA on developers and consumers’ rights. However, one community that could have existential issues because of it, would be real estate brokers.

Today, the Indian real estate brokerage market is largely unorganised and fragmented. 

At present, anyone can become a broker in India no licence or certificate is needed, and there are no rules governing the trade.

While there are no published figures, according to Magicbricks there are about 2,00,000 brokers across the top 10 cities of the country.

As per RERA, all brokers would have to apply for registration in their respective states. Key functions of a registered real estate agent have also been defined under Section 9 of the Act. Some of these are briefly summarised below:

• The real estate agents shall not facilitate sale and purchase of any real estate project unless it is registered with the authorities.

Additionally, they will assist allottees and promoters to exercise their respective rights and fulfil their obligations at the time of the sale of any plot, apartment or others.

• Real estate agents will preserve all the books of accounts, records and documents in accordance with the provisions of the Income-tax Act, 1961, or the Companies Act, 2013, or under any other applicable law.

• They would not get involved in any unfair trade practices or falsely represent any service offered by promoters.

We foresee a significant disruption in the traditional brokerage model, similar to what the mutual fund industry has witnessed. While the number of registered mutual fund distributors may have crossed 1,00,000; less than 20% of them are active.

The different regulations over the last decade which started from abolishment of entry loads, reduction of expense ratios, introduction of direct plans and the latest discussion paper on registered investment advisers have ensured that only serious entities with capital and a long-term vision survive and prosper.

The mutual fund industry went through a lot of pain before it decided to regulate the environment, and even then, some measures were forced onto it.
While the real estate brokerage space can learn from this, it does not have the luxury of 20 years to get its act together. Following are a few steps that the industry should evaluate to win back the trust of the end consumers:

1. Have a self-regulation framework..!

 Allow industry bodies like Confederation of Real Estate Developers’ Association of India (CREDAI) and National Real Estate Development Council (NARDECO) to initiate self-regulatory mechanisms, in line with what the mutual funds body Association of Mutual Funds in India (AMFI) did.

These bodies can work with the regulator to ensure that the mechanism is robust, and take care of most of the regulator’s concerns.

This would make developers and brokers voluntarily associate with the industry bodies and self-regulate under friendlier hand-holding, rather than having to go to the regulator for every issue.

2. Brokers or investment advisers..!

Today, brokers wear the hats of both advisers and brokers. With the advent of RERA and Goods and Services Tax (GST), there will be much more information available about developers, resulting in easier access to data points for formal advisory services to be made available for retail investors.

However, safeguards for such advisory services need to be created. A good starting point would be again to look at how it has evolved in the mutual fund space.

3. Cap on brokerage..

In some micro markets, brokerage charges have reached double-digit levels. This is being done to ‘push demand’ and often to pass on discounts to new customers without offending existing customers.

A reasonable cap would curb mis-selling and protect investor interests.

4. Disclosure norms for brokers..!

 The proposed guidelines have created a framework for financial disclosure for brokers, but more needs to be done in line with the ones that exist in the mutual funds space.

For example: transparency in the broker’s personal holding with the developer whose project he is selling, and the brokerage being earned.

5. Certification criteria for brokers..!

 While RERA provisions have a certification process, the industry bodies should look to create exam modules or have minimum education criteria for brokers, in line with global best practices.

This will bring in common minimum standards and encourage professionals to evaluate career opportunities within the real estate sector.
In conclusion, brokers need to be aware that their role is likely to evolve and they must evolve accordingly. These steps will not only weed out avoidable elements but also bring in more respect for the value they add.

From MINT 

About the author..

Mr. Prateek Pant is co-founder and head—products and solutions, Sanctum Wealth Management Pvt. Ltd.


 Call at : +91 22 6177 9500

E mail  info@sanctumwealth.com


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