Invest Without Emotions
“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”
via Texas University Takes Cue From Kyle Bass to Hold $1 Billion in Gold Bars – Bloomberg.
Retailing employs more than 30m Indians, so some fear social unrest if the admission of foreign chains puts small shops out of business. But given India’s rapid growth there is plenty of space for supermarkets to expand without killing small stores. Such worries are greatly outweighed by the potential benefits to Indian consumers: lower prices and better quality, choice and nutrition. Economists in America talk about the beneficial “Walmart effect” that the ubiquitous cheap chain has had on curbing prices. Indians, as they fret over soaring food costs, might find such a thing a godsend.
via India and foreign investment: Fling wide the gates | The Economist.
|
Fund |
OBJECTIVE |
Assets (Rs. Million) |
| Maximiser Fund | The objective of the fund is to provide long-term capital appreciation through investments primarily in equity and equity-related instruments | 87,020 |
| Flexi Growth Fund | The objective of the fund is to generate superior long-term returns from a diversified portfolio of equity and equity related instruments comprising of large, mid and small cap companies | 65,918 |
| Pension Flexi Growth Fund | The objective of the fund is to generate superior long-term returns from a diversified portfolio of equity and equity related instruments of large, mid and small cap companies | 64,451 |
| Pension R.I.C.H. Fund | The objective of the fund is generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries viz., Resources, Investment-related, Consumption-related and Human Capital leveraged industries. | 49,397 |
| Pension Maximiser Fund | The objective of the fund is to provide long-term capital appreciation through investments primarily in equity and equity-related instruments | 32,828 |
|
Name |
Notional (Rs. Million) |
| H D F C Bank Ltd. | 33,238 |
| RELIANCE INDUSTRIES LTD. | 27,909 |
| INFOSYS TECHNOLOGIES LTD. | 26,636 |
| Fixed deposits with banks | 26,118 |
| I T C Ltd. | 25,078 |
| MAHINDRA & MAHINDRA LTD. | 17,100 |
|
Name |
Notional (Rs. Million) |
| Bank of India | 6,460 |
| Housing Development Finance Corpn. Ltd. | 6,023 |
| L I C Housing Finance Ltd. | 4,294 |
| Corporation Bank | 4,271 |
| Punjab National Bank | 4,138 |
|
Name |
Notional (Rs. Million) |
| H D F C Bank Ltd. | 32,363 |
| INFOSYS TECHNOLOGIES LTD. | 26,636 |
| RELIANCE INDUSTRIES LTD. | 25,234 |
| I T C Ltd. | 25,078 |
| MAHINDRA & MAHINDRA LTD. | 17,100 |
Source: https://www.iciciprulife.com/public/Fund-Performance/Portfolio-Details.htm
