The vast stretch of the land rich in natural resources and one of the richest countries in the world in terms of human resource India is a great country for investment. There are several opportunities for investing in India.
• Investors should leverage real estate boom in India and buy property in India cities like Bangalore, Chennai, Delhi, Gurgaon, Noida and Hyderabad. Mumbai property prices are becoming unaffordable as cost of Mumbai real estate touches Rs 70-Rs 1 crore. Read Here
• Investors can invest in some of best performing mutual funds in India: ICICI Mutual Fund, HDFC Mutual Fund, India Investment Fund, India Real Estate Fund, SBI Mutual Fund, Tata Mutual Fund, LIC Mutual Fund and India Infrastructure Fund.
ICICI Prudential SMART fund appealing retail investors
ICICI Prudential has launched a new product, ICICI Prudential SMART fund. NFO opened on August 18 which will be closed on September 19. Nilesh Shah, Deputy Managing Director of ICICI Prudential, revealed that SMART Fund will be placed among the retail investors also as it is not a kind of capital protected product.
Though credit risk is involved in it, there will be no market risks. Debentures are formulated in such manner that when the Nifty index go down, they do not participate, having the principal amount back credited with some minimum assured returns.
- It is a structured debt scheme which seeks investment of 95% on equity-linked debentures,
- Have two plans of 720 days and 1,080 days.
- Investors will have opportunity to earn equity market linked returns.
- It tends to High Net worth Individual (HNI) product for its complexity.
- The Company is seeking to offer Structured Methodology Aiming at Returns over Tenure, which they call SMART Fund.
It seems that the petrochemical related products’ prices will come down due to the drop in the global price of oil. Though now RBI will be taking the final decision whether to tighten or not, the fixed income market has been divided.
Infosys will also be in special economic zones now
Infosys Technologies is now reported to be expanding in the special economic zones (SEZ) of the country to take some tax advantage. This had been reported by a top official of the Company on Wednesday to Indiatimes reporters.
Infosys is planning to have all their expansions in special economic zones (SEZs) as in Software Technology Parks the tax incentives will be extinguishing soon.
- The Bangalore based IT giant is estimating a cost of Rs.11 billion (i.e. $255.8 million) for this purpose
- Out of which Rs.10 billion is expected to set up the centres in those areas, said S. Gopalakrishnan, managing director of Infosys.
- Infosys is planning to have centres in Chennai, Chandigarh, Jaipur, Hyderabad, Mangalore and Thiruvananthapuram for now.
- Infosys is starting with their establishment inside Mahindra World City SEZ in Chennai.
- They have 129 acres and are planning to accommodate 35,000 seats there.
- In the first phase they will be having 11,200 seats.
While in the second phase they will have 5,000 seats, said T.V. Mohandas Pai, Company Director.
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Dynasty Zarooni gets clean chit
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CARE assigns `A-` & `PR1` ratings to Cera Sanitaryware
Myiris.com, India - 3 hours ago … the fortunes of real estate market. Positioned as third largest player in the Indian sanitaryware market, CSL has pan-India marketing network for retail … |