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- Birla Sun Life Focused Equity Fund Series 4
- Gold is Freely Importable
- Kotak Banking Exchange Traded Fund (ETF)
| Birla Sun Life Focused Equity Fund Series 4 Posted: 02 Dec 2014 03:26 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Birla Sun Life Focused Equity Fund-Series 4.
Birla Sun Life Mutual Fund has launched Birla Sun Life Focused Equity Fund-Series 4. The fund aims to provide capital appreciation from a portfolio of equity securities specified as eligible for Rajiv Gandhi Equity Savings Scheme, 2013 (RGESS). This is a closed-end scheme. The new fund offer closes on 3 December.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300
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--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF | ||||||||
| Posted: 02 Dec 2014 02:47 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Gold is Freely Importable
The removal of the 80:20 rule comes with the implicit admission that government regulation is powerless to modify gold consumption patterns. Last week, the government removed all restrictions on the import of gold.
Along with this, government officials were quoted in news stories saying that the removal of curbs would do away with distortions in gold import. As things stood before the relaxation, final gold consumption in India was said to be at around the same level it was before the restrictions began. Even though the curbs helped control the apparent current account deficit, it had no impact at all on the ultimate source of the gold problem, which is the actual gold consumption. All it appeared to have done was to create problems for gold exporters.
The lesson of this last one year has been that the gold habit of the Indian consumer is intact. Any measures that the government takes will not make people buy less gold.
Beyond a point, the government can end up damaging the jewellery export business and reducing the custom duties it collects on gold imports but that's about it. Of course, it's possible -as some anecdotal evidence suggests -that among people who do buy gold, the per capita consumption is going down. The new urban Indian doesn't buy as much gold as her mother and grandmother used to buy. However, with spreading prosperity, the gold-buying population is likely to be expanding so aggregate consumption is increasing on an economy wide scale.
Anyway , I don't think we'll see more official attempts to modify the great Indian gold buying urge, at least for a few years. A certain amount of gold is going to be brought into the country for consumption every year. The government has a choice of whether to let it happen legally and collect custom duty and other taxes on it, or whether to add to the profits of the criminal gangs who smuggle gold. Either way , people who want gold are going to get their hands on it.
Of course, the government can try and wean people away from gold. At the height of the mid-2013 current account deficit (CAD) crisis, the then finance minister appealed to people to buy less gold. It's easy to make fun of such appeals but the fact is that while it would have been just as useless -some new rule or regulation -it wouldn't have any negative side-effect.
Can anything reduce this Indian consumption of gold?
Basically, people believe very strongly that the price of gold will go on rising sharply and that any fall is temporary and a precursor to a buying opportunity. Unfortunately, for them, there are strong signs that this is not true. The shape and nature of the entire gold price cycle makes it clear that it is a side effect of the huge liquidity glut over the last few years. For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF | ||||||||
| Kotak Banking Exchange Traded Fund (ETF) Posted: 02 Dec 2014 12:43 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Kotak Banking Exchange Traded Fund (ETF) Kotak Mahindra Mutual Fund has launched Kotak Banking Exchange Traded Fund (ETF). The fund aims to provide returns before expenses that closely correspond to the total returns of stocks belonging to the CNX Bank Index, subject to tracking error.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
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