Akshaya Thritiya

Hi,

Its been long time since I blogged/tracked about my investments. Because of this very fact I lost the profit I saved in one of the famous entertaining company stock.
Now lets see what is special today. Its been considered/believed that your wealth will keep piling up if you buy Gold on this auspicious day (Akshaya Thritiya). So I am planning to buy a unit of GOLDBEES (:-) middle class small investor). Also my DP participant is waiving the brokerage charges if I buy GOLDBEES during the occassion of Akshaya Thritiya.

Since Its difficult for me to place a limit order during market hours because of onnectivity and timing issues, I placed an offline Order for a single unit of GOLDBEES this very day. Hope this investment of mine in this auspicious day is profitable.

All is Well! Happy learning!

Thanks and Regards,
Soma

SIP - A smart way to invest your money

Hi All,

I believe 100% in SIP - MF investments. If you are a small investor, then I believe SIP is best way to expnd your portfolio. When I looking into some of the MF schemes online, I noticed couple of other terms - SWP, STP. I am just curious how these 2 are different from SIP.

Below is the answer to my question, now most of the AMCs are offereing all the below 3 options for the .

Systematic Investment Plan (SIP):An SIP is a method of investing a fixed sum, on a regular basis, in a mutual fund scheme. It is similar to regular saving schemes like a recurring deposit. An SIP allows one to buy units on a given date each month or quarter, so that one can implement a saving plan for themselves.

Systematic Withdrawal Plan (SWP):SWP is a smart way to plan for your future needs by withdrawing amounts systematically from your existing portfolio either to reinvest in another portfolio or to meet your expenses. Your savings no longer remain idle. Your money can earn better returns if reinvested, instead of lying idle in a savings account for meeting your regular payments.

Systematic Transfer Plan (STP):A plan that allows the investor to give a mandate to the fund to periodically and systematically transfer a certain amount from one scheme to another.

Thanks,

Soma

Demystifying Banking Terms article in livemint

Hi,
I somehow like the new website started by the Hindustan Times group. I really like some of the articles and its look and feel. Following is the link of one such article which explains about some of the banking terms we used to come across in our day to day life.
http://www.livemint.com/2010/02/02223010/Banking-terms-you-must-know-a.html?h=A1
For my reference, I have copied the content from livemint link. Thanks to livemint article, now I can clearly say difference between RTGS and NEFT. [:-)]
Hope to meet you with interesting content next time.. Happy learning and investing.

Follow Ethics in your Investments

Hello All,
Still I am exploring the oppurtunities/options of Investing in ETFs a kind of Index fund. You can invest in ETFs in the same way you are buying stocks. When you are investing in normal MFs with any AMCs you need to fill number of forms with bank details and need to sbumit to AMCs before starting your investments. ETFs don't need such paper works and it is simple to start your investments if you have a Demant Account. I added 3 ETFs to my kitty so far (2 in yr 2009 and another 1 in 2010). If you need more details about the ETFs listed in NSE visit this ETF Bronchure [http://www.nseindia.com/content/products/ETF_brochure.pdf]. I bumbed into another interesting ShariaBEES. I was thinking for a better title for this post and bumped into an apt title "Follow Ethics in your Investments". The reason why I gave this title is because of ShariaBEES which invests in S&P CNX Shariah Index- which considers only companies which don't sell liquor, tobacco. More over it is going to start investing in greener companies which are shifting their focus on environment. You can browse more on the web about the constituents of Shariah Index and ShariaBEES protfolio. Now I am planning to add this ETF to my kitty which I believe is a step of adding more diversification in my portfolio. Hope I meet you all with more interesting findings next time. Happy Investing and Learning!
Thanks!

New Year 2010 Investments

Hi All,
First of all Wish you all Happy and Prosperous New Year 2010. I believe "Life as a whole includes process of learning". May all of us learn exciting things about Market and let this year be prosperous for all of us to book more profits in volatile market. Sticking to my long term perspective and my belief that index constituents definitely will perform well this year, I strated investing from very first day of trading on Nifty BeEs and Gold BeEs. Now my interest are shifted fully to ETFs which is much more different than the Index funds. If you want to know more about ETFs visit http://www.benchmarkfunds.com/ a AMC which introduced ETFs in India.
Thank you all once again, Hope I will update soon with new things I learnt about market this year. Happy Learning and Earning!!