Should India follow the Chinese Business Model for SEZs ? Here is an excellent comparison of how SEZs in China have transformed the Chinese economy. The SEZs location, proximity to Hong Kong and Taiwan was itself a blessing in disguise.
Month: October 2006
NFO – DSP Merrill Lynch Small and MidCap Fund
New Fund Offering: DSP Merrill Lynch, Small and MidCap Fund.
Investment Pattern: 65% to 100% of the portfolio will be concentrated in equity and equity related instruments that are not part of the top 100 stocks by way of market capitalization. That does not mean that the fund will not invest in the top 100 stocks. But not more than 35 per cent of the total portfolio value.
Fund Manager: Soumendra Nath Lahiri
Min Amount: Rs5,000. SIPs accepted after initial offer
Issue closes on 16-OCT-2006.
DalalStreet.Biz Recommendation: Avoid subscribing in NFO as the markets currently at 12,500 look somewhat over valued to enter.
DCB IPO
The IPO of Development Credit Bank is open for subscription. I am personally avoiding the issue as it is a loss making bank and I feel many PSU banks are worthy to BUY in secondary market rather than applying for DCB IPO.
Thanks.
Stock Tipping a Mini-Scandal on MoneyControl.Com
Not too long ago, I had questioned the behavior of S P Tulsian and the TV channel pampering and beaming his sick advise, CNBC-TV 18.
SEBI has unearthed a Mini-Scandal involving Mathew Easow’s stock tipping on MoneyControl(CNBC TV18 group company).
Modus Operandi of Matthew Easow:
Matthew Easow would buy stocks a week to 10 days in advance and then come out on CNBC’s MoneyControl and give a BUY recommendation and when you small investors would BUY, he would SELL. In case of Kalpana Industries Ltd, Matthew had accumulated the stock from 02-09-2006 and then gave a BUY recommendation on the tainted MoneyControl on 13-09-2006 and on the very same day he sold 13,500 shares even before the target price he mentioned was achieved. Other stocks in this mini scandal are, Albert David , Alhcon Parent and CESC Limited.
SEBI investigated the entire issue and fined rs20 Lakhs on Matthew Easow. Read the entire findings of SEBI here. I have lost respect for CNBC TV 18 and it’s group company MoneyControl for focusing shady brokers and researchers like Matthew.
Small investors, kindly stick to good and fundamental investing values. AVOID StockTips.
Dedicated Mutual Funds Section on DalalStreet.Biz
Hello:
Due to increased mutual and foreign fund activity in India, I thought a dedicated Mutual Funds section would help consumers glance on my opinion about various Mutual Funds.
Here are some of the hot posts on mutual funds in India in the recent past.
How to invest with SIP in India ?
Real Estate Mutual Funds – Good and Bad.
Thanks and Enjoy Your Dasara!!!
Morgan Stanley Star Analyst Resigns
Morgan Stanley Star Analyst, Andy Xie has resigned. Recall he is the same guy who came on CNBC TV-18 in June-06 and created panic amongst Indian investors by telling that the Indian Stock Market was headed towards a bear phase. I had strongly opposed his reactions then because he was very immature to have made such an ir-responsible statement.
Subsequently the Indian markets bounced back and Morgan Stanley Revised India’s GDP upwards on Sept-2. And exactly a month after this, he resigned. Maybe Andy Xie didn’t want to face the embarrassment from his peers during peer review which come up at the end of every quarter in MNC firms. Did Andy deserve to be a STAR at all ? You know better 🙂 Good Luck for your future Andy!!!