Smart Investing..

Investec had come up with a view to buy commodity shares in future as the profits of companies dealing in commodities, due to high prices will only be  realized  in future. I second this, I think we need to be in commodities fund especially of those companies investing in big mining companies worldwide. There is always a time lag / interaction between the commodity price movement and the stock price movement of similar commodity companies. This is the time, when ideally we need to buy in the stock. Lets see, will check and post in few days which fund can add value. Checkout the below link for more details.  FUNDVIEW-Time to get active in commodities -Investec | Reuters

Interesting view by credit suisse. Expecting Jan IIP @ 3% and 2012 GDP below 8%. Credit Suisse view: India IIP numbers are 'bizarrely' weak - CNBC-TV18 -

Edition 1 - Power shift: The move from West to East - 21st Century Investment Themes - Fidelity At a glance: We are moving from a world with one dominant power to a world with several The dollar's status as international reserve currency is vulnerable Increased interdependence will mean greater international co-operation Emerging market consumption will be a key driver of future global growth BRICs are united in vision, divided in practice Investors could position their portfolios to benefit from the power shift to the East

Last week the cabinet approved the Direct Tax Code bill and forwarded it to the parliament for approval. This is a good sign of the changes happening in the modern India. The Income tax act which we follow today is more than 50 years old. The objective is to widen the tax base and make the tax law much simpler & more effective. These are some of the salient feature's of the DTC for Resident & NRI Investors. Tax slabs to be changed Slab 1: Upto INR 200000 the tax rate is NIL. ( Present Slab 1 is upto INR1.65 lacs @ NIL) Slab 2:  INR 200,001 to INR 500,000 the tax rate is 10% ( Present slab 2 is INR 1.65 to 5 @ 10%). Slab 3:  INR 500,001 to INR 1,000,000 the tax rate is 20% (Present Slab 3 is INR 5 to 8 @ 20%). Slab 4:  INR 1,000,001 and above the tax rate is 30% ( Present Slab 4 is INR 8 & above @ 30%).             In the case of a resident individual of the age of 65 years or above, the basic exemption...

SEBI (Securities Exchange Board of India) banned the entry load on Mutual funds few months back which has now created a whole new dimension for investment management. I call it "U Manage U Reap" dimension. Today as an investor if you know the very basic of financial planning and  if you can make a decent plan for yourself  then the whole investment process can be managed online and that to for no fee (or very very less fee). There are websites through which you can go and invest your money like the websites of Asset management companies and there are also sites through which you can keep track of your investments like moneycontrol, yahoo finance, karvymfs etc and to top it up you also have websites through which you can request your statement of investments like karvymfs.com which gives you consolidated fund statements from Karvymfs + Cams+ FTAMIL all for free. Ok its true that it might not give you statements from all the  mutual funds availab...

Its after long that I restarted work on the blog. I have pasted the tax rules for the financial year 2010. I have received it from principal mutual fund.

You can check out the status of the recently issued IPOs like Adani Power and NHPC by clicking at the following link http://www.karvy.com/ipoStatus