India can be an investors paradise or and investors nightmare. India was a region hit hard by the economic downturn of the last couple of years but has been bouncing back nicely from the nearly 53% lose taken last year.
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Top 10 Mutual Funds in India
December 3rd, 2009 
Tushar Mathur 
Posted in business, india, Mutual Funds, News, NRI Investing 
Tags: Canadian Insurer, Capital Asset Management, Economic Downturn, Financial Services Group, Franklin Resources Inc, Franklin Templeton, Icici Prudential, India Fund, India India, Kotak Mahindra Bank, Kotak Mahindra Bank Ltd, Prudential Asset Management, Prudential Plc, Punjab National Bank, Reliance Capital, Standard Life Investments, Start Ups, State Bank Of India, Tata Group, Templeton Asset Management 
Comments OffUTI to be first on NSE mutual fund platform
December 3rd, 2009 Tushar Mathur Around 30 of the 100 schemes of UTI Mutual Fund will be listed on the new NSE Mutual Fund platform.
The liquid schemes will not be included among them, said a top UTI official.
For the fund industry, it will be a new technology-driven initiative when UTI MF lists its schemes on Monday on NSE’s new platform – the Mutual Fund Service System (MFSS).
In November 2000 a similar initiative by the Association of Mutual Funds in India made it possible for Indian funds to declare their NAVs on a common platform.
BSE to join soon
Around 10 mutual funds are expected to join NSE’s platform within a week’s time, an NSE official said.
Posted in business, india, Mutual Funds, News, NRI Investing Tags: Bank Account Details, Business Day, Business Investor, Driven Initiative, Launch, Mf, Mfss, mutual fund, Mutual Funds, Nav, Navs, New Technology, Nse, Personal Identification Number, Redemption, Spokesperson, Telecom Network, Transaction Facility, Transaction Platform, UTI Comments OffNow you could trade Mutual Funds on NSE
December 3rd, 2009 Tushar Mathur Sounds interesting after ETF’s now it the time for Mutual Funds to get traded.
The National Stock Exchange on Tuesday announced the introduction of mutual fund service system, a platform on which mutual fund units will be traded through the stock exchange infrastructure, from November 30.
The Bombay Stock Exchange is also developing a similar platform with Central Depository Services.
All trading members of the exchange who are registered with the Association of Mutual Funds of India as mutual fund advisors and who have signed up with specific AMCs will be eligible to participate in MFSS.
Posted in business, india, Mutual Funds, News, NRI Investing Tags: Amcs, Bombay Stock Exchange, Depository Services, Etf, india, Infrastructure, Investors, Mf, Mfss, Modes, Mutual Fund Units, Mutual Funds, National Stock Exchange, Nse, participants, Redemption Requests, Sounds, Telecom Network, Timelines, Volatility Comments OffAxis Mutual Fund launches its first equity fund
November 26th, 2009 Tushar Mathur Axis Bank-promoted Axis Mutual Fund has launched its first equity fund, Axis Equity Fund, a diversified equity fund benchmarked to the S&P CNX Nifty.
“We aim to offer total investment solutions to consumers and not just individual products.
Posted in business, india, Mutual Funds, News, NRI Investing Tags: Allotment, Anand, Axis Bank, Crore, Debt Schemes, December 8, Diversified Equity Funds, Equity Fund, First Equity, Indian Cities, Individual Products, Investment Option, Investment Plans, Investment Solutions, Minimum Lump Sum, mutual fund, November 11, One Per Cent, Rajiv, Systematic Investment Comments OffWhat makes an ETF better than a mutual fund?
November 26th, 2009 Tushar Mathur Exchange traded funds or ETF have been in existence for ages but are a novel concept in the Indian market.
Posted in business, india, Mutual Funds, News, NRI Investing Tags: Administrative Charges, Amcs, Capital Gains Tax, Distribution Costs, Exchange Traded Funds, Expense Ratios, Fund Exchange, Gold Investments, Gold Jewelry, Indian Investors, Indian Markets, Long Term Capital Gains, Long Term Capital Gains Tax, Novel Concept, Risk Return, Systematic Investment Plan, Times Gold, Volatile Markets, Wealth Creation, Wealth Tax Comments OffFidelity MF launches equity fund, plans intl funds in India
November 26th, 2009 Tushar Mathur Fidelity Mutual Fund today announced the launch of its Fidelity India Value Fund, an open-ended, diversified equity fund.
The company is also looking at launching its international funds in the Indian market, a top company official said here.
“With the launch of the India Value Fund, we are broadening our offering of equity funds.
Posted in business, india, Mutual Funds, News, NRI Investing Tags: Capital Appreciation, Diversified Equity, Equity Fund, Equity Funds, etfs, Fidelity Fund, Fidelity International, Fidelity Mutual Fund, Finding Undervalued Stocks, Gdp Growth, Growth Economy, Indian Markets, International Equities, Last Ten Years, Launch, Long Term Capital, Market Inefficiencies, Necessary Approval, Net Assets, Value Investing Comments OffTata Motors raised Rs 264 crore through revised fixed deposit scheme
November 23rd, 2009 Tushar Mathur Tata Motors, India’s biggest automobile company this year in August had launched revised fixed deposit scheme and company has raised Rs 264 crore through this scheme. Company has the permission to raise Rs 1,300 crore from the revised scheme
The rate at which the market has retorted to the revised fixed deposit scheme has narrowed considerably, especially in comparison to its previous deposit scheme, when the company had collected Rs 2,700 crore in nine months.
Previously the amount was raised on higher payment of interest rates, which the company has now revised to downwards by 325 basis points to 8.75 per cent for a period of three years.
From the earlier FD scheme the Tata Motors was able to raise an average of Rs 300 crore per month, when deposit schemes of other companies were struggling.
Posted in business, india, News, NRI Banking, NRI Investing, Personal Finance Tags: Annual General Meeting, Automobile Company, banks, Basis Points, Brand Name, Company Annual Report, Crore, Deposit Scheme, Favorable Response, Interest Rate, Interest Rates, Liquidity, Market Experts, Nine Months, Spokesperson, Tata Motors India Comments OffBonjour India says France; To kick off cultural fest in December
November 20th, 2009 Tushar Mathur France says Namaste to India — French style. In an effort to bring French culture to more than 18 cities in India, the Embassy of France in India and Culturefrance, have announced the launch of ‘Bonjour India — Festival of France in India’.
The Bangalore chapter of the celebrations was launched in Alliance Francaise, Vasanthnagar by Jerome Bonnafont, the French ambassador to India on Thursday.
Posted in business, india, News Tags: Alliance Francaise, Embassy Of France, Embassy Of France In India, Film Festivals, Food Festivals, France Trade, French Ambassador, French Company, French President, French Style, French Trade, Grand Manner, India Festival, Indian Students, Melting Pot, Music Concerts, Prime Minister Of India, Taste Of France, Trade Possibilities, World Cultures Comments OffOver the next 5 years 1,000 German firms may invest in India
November 20th, 2009 Tushar Mathur Upbeat on the second fastest growing economy in the world, about 1,000 German firms may invest in India in the next five years, the head of Baden-Wurttemberg, regarded as the most successful German state, said today.
“I am sure, in next five years 1,000 more companies from Germany and may be 200 from our state would be interested in investing in India,” Guenther H Oettinger, the Minister- President of State of Baden-Wuerttemberg (Germany) said here.
About 1,800 German firms, including Porsche, Siemens, BMW, Voith and Audi have already invested in India which is being seen as the potential German manufacturing hub for the Asian market.
Indian industry and workers match the quality of Europe’s and North America’s, Oettinger said at the CII meeting.
With over six per cent expansion, the Indian economy is the second fastest growing after China despite global recession.
German Ambassador to India Thomas Matussek also addressed the meeting stating the India-German bilateral trade is expected to touch $27 billion by 2014 from over $18 billion in 2008.
India’s major exports to Germany include garments, machinery and instruments, electronic goods and transport equipment, while imports comprises machinery, iron and steel, machine tools and organic chemicals.
Agencies
Posted in business, india, News Tags: Asian Market, Baden Wuerttemberg, Bilateral Trade, Electronic Goods, German Ambassador, German Firms, German State, Global Recession, Indian Economy, Investing In India, Major Exports, Minister President, Next Five Years, Organic Chemicals, President Of State, Steel Machine, Thomas Matussek, Transport Equipment, Voith, Wuerttemberg Germany Comments OffNo easy going for IT companies in Europe
November 19th, 2009 Tushar Mathur For India’s top tech firms seeking to grow revenues from Europe in order to offset lower spend by American clients, it’s going to be Key facts on India’s IT industry
a long, arduous journey, said research firm Forrester on Wednesday.
The US, which accounts for over half of India’s $60-billion software outsourcing industry, has traditionally been the top market for Tata Consultancy Services (TCS), Infosys and Wipro, among many others.
Posted in business, india, News Tags: American Clients, Arduous Journey, British Petroleum, British Telecom, Business Decision, Companies In Europe, Continental Europe, Delivery Efforts, Delivery Teams, European Customers, Facts On India, Forrester Research, Infosys, Neighbouring Countries, Offshoring, Outsourcing Projects, Principal Analyst, Software Outsourcing, Tata Consultancy Services, Wipro Comments OffOne billion mobile users in India by 2015
November 18th, 2009 Tushar Mathur India could have more than one billion mobile phone users by 2015, with the bulk of that growth in rural areas, one of the country’s top telecom executives said on Wednesday.
Manoj Kohli, chief executive of India’s biggest mobile phone group Bharti Airtel, told an industry conference in Hong Kong that his firm is aiming to almost double its customer base to 200 million people in the next few years.
“Achieving a billion plus (Indian mobile users) by 2015 is possible,” he told the Mobile Asia Congress, the region’s largest telecom industry gathering.
“The largest growth will happen in the rural market,” he said, adding that pricing wars between providers were knocking down rates in the Indian market and making phones affordable to more people.
Competition in India has become even more aggressive as new players unleash deeper price cuts with innovative per-second billing plans that have pushed call costs down to less than a cent a minute.
“There is hyper-competition like no other place in the world,” he said.
India is the world’s second-biggest cellular market with more than 400 million users, lagging behind only China, which has over 600 million users.
Rural customers are also seen as key to growth in China, said Chang Xiaobing, chairman of China Unicom, one of the nation’s three major telecoms operators.
The company aims to tap “vast rural areas” for growth as demand for basic mobile voice services slows in saturated urban markets, he said, with customers now looking for multi-function devices that can send emails or play movies.
“Voice is a mature market in some areas, but we still see some growth potential,” Chang told the conference. “Voice will be in continuous demand (in China).”
But Chinese operators must boost their data business to offset falling prices on voice calls, he said.
Chang has said he expects Apple’s iconic iPhone, which Unicom distributes, will be China’s highest-selling smartphone despite disappointing results after its official launch this month.
Mobile connections in Asia Pacific are expected to cross the two billion mark this year, more than triple the level in 2003, according to statistics released by conference organiser GSMA, a mobile industry trade group.
Agencies
Posted in business, india, News Tags: Bharti Airtel, Billing Plans, Cellular Market, Chairman Of China, China Unicom, Continuous Demand, iPhone, Launch, Manoj, Mature Market, Mobile Phone Users, Mobile Users, Mobile Voice, One Billion, Telecom Executives, Telecom Industry, Telecoms Operators, Urban Markets, Voice Calls, Voice Services Comments OffIT spending likely to fall 5.2% worldwide, says Gartner
November 17th, 2009 Tushar Mathur The worldwide IT spending is on pace to decline 5.2 percent this year. However, the IT industry will return to growth in 2010, with IT spending forecast to total $3.3 trillion, a 3.3 percent increase from 2009, according to research firm Gartner.
Posted in business, india, News Tags: Asia Pacific, Australian Businesses, Australian Dollar, budget, Chief Information Officers, Compound Annual Growth Rate, Features Service, Gartner, Global Head, Most Searched Terms, Pace, Pacific Telecommunications, Priorities, Product Features, Sectors, Senior Vice President, Service Structures, Trillion, Vertical Market, Zero Percent Comments OffQuest Software Offers SaaS Windows Management Solutions
November 17th, 2009 Tushar Mathur Quest Software, Inc. has announced the launch of its first set of Software as a Service (SaaS) Windows management solutions. Quest OnDemand will be hosted on Windows Azure, securely managing IT environments by leveraging Microsoft Corp’s Windows Identity Foundation (WIF) and Active Directory Federation Services (ADFS) 2.0.
Posted in business, india, News Tags: Active Directory, Business Group, Directory Data, First Solutions, Internal Policies, Intrust, Launch, Manual Intervention, Microsoft Corp, Microsoft Technologies, Ondemand, Overview Reports, Quest Software Inc, Security Business, Solution Quest, Subscription Basis, Time Partner, Wif, Windows Management, Windows Systems Comments OffWhy are banks in the US on the downfall?
November 16th, 2009 Tushar Mathur The U.S. economy is showing signs of recovery, but despite that fact, the number of bank failures in the U.S. has continued to increase with 123 entities going out of business so far this year.
Posted in business, india, News Tags: 1 Billion, Assumption, Bank Failures, Century Bank, Collapses, Downfall, Economic Situation, Entities, Fdic, Federal Deposit Insurance, Going Out Of Business, Iberia Bank, Lafayette Louisiana, Maximum Number, Naples, National Bank, Pacific Coast, San Clemente, Sarasota, Unemployment Rate Comments OffGoogle adds new social search functions for users
November 16th, 2009 Tushar Mathur Internet search giant Google has been working on adding more features in its search domain for making it easy for the users to easily find blogs and twitter feeds.
Users need to open a profile with Google and services can be accessed from Google labs.
Google Germany spokesman Stefan Keuchel said that friend finding on internet would become very easy with the help of new facility.
Posted in business, india, News Tags: Close Friends, Germany, Giant, Google, Google Labs, Google Search, Graph, Internet search, Postings, Profile, Search Domain, Search Functions, Search Google, Search Internet, Social Search, Spokesman Comments Off
