Fwd: Today's Exclusives - Fund managers faithfully follow the benchmark stocks, making it hard to separate luck from skill

---------- Forwarded message ----------
From: Moneylife <noreply@moneylife.in>
Date: Thu, Oct 20, 2011 at 7:10 PM
Subject: Today's Exclusives - Fund managers faithfully follow the benchmark stocks, making it hard to separate luck from skill
To: palashbiswaskl@gmail.com

 

Having trouble viewing this email? Please click here

 

20 October 2011   Moneylife Exclusive Fund managers faithfully follow the benchmark stocks, making it hard to separate luck from skill Debashis Basu Even the best funds tie up the bulk of their money to the heavyweight stocks of the benchmark, making it hard for investors to separate market performance from stock-picking skill...     Exclusive Column     It's time to save democracy from oligarchy Karan Kharb The biggest problem with Indian democracy is that it has been hijacked by a few families and groups who have converted parties into their fiefdoms. Consequently, democracy has slowly dissipated, giving way to oligarchy. This must change for better governance...       Other ML Exclusives   Affordable housing project rating system: Ashoka Foundation aims to put this in place in 9-12 months Affordable housing is crucial, considering the abnormally-high prices of real estate across the country. Ashoka Foundation is looking to provide customers with quality for their money and will help them from being hoodwinked by huge property players via this proposed rating system... ............................................................................................................................................. Daily Market Report: Nifty poised to break out, but which way? The Nifty closed near its second resistance of 5,091. From here, we may expect a volatile move to the level of 4,970... .............................................................................................................................................. Is IPO price manipulation back? Two recent issues have witnessed extreme gains & losses M and B Switchgears, which got listed today, dropped by 34%—and just about three hours later the stock jumped 200%. Two other IPOs listed yesterday—Taksheel Solutions and Flexituff International; the first closed 65% below its listing price, the other remained steady and closed 7% up. It looks like IPO manipulation is back with a vengeance... .............................................................................................................................................. Bitter truth: This Diwali, stick to homemade sweets Experts say that 'mithai' makers often use adulterated material; call for a strong & effective monitoring agency to monitor quality of sweetmeats... .............................................................................................................................................. GSM telecom subscriber additions: Uninor, Idea lead the pack; tariff hikes expected & 3G revenues could be a key growth driver Monthly net GSM subscriber addition rate inched up to 6.53 million net additions in September 2011, against 5.34 million in August 2011. Addition rates are likely to remain depressed in the medium due term due to the saturated urban market and difficulty in rural penetration... .............................................................................................................................................. Another MLM scheme: SMS World Biz is trying the SMS platform to snare customers SMS World Biz claims it'll provide daily income just for 'reading' SMS messages. And it sports all the typical features of a typical MLM scheme—binary returns, referral income, and of course, a business model that won't hold water... .............................................................................................................................................. New fund offer: Timing is Everything Since NFOs have no track record, how would you decide to invest in them? .............................................................................................................................................. Governance: Passing the buck The PM has studiously ignored appeals to him... .............................................................................................................................................. NMDC: Heavy Metal Demand is steady, RoE is great and the stock is inexpensive... .............................................................................................................................................. Personal finance today - DLF Pramerica Life Insurance Strengthens Its Protection-Centric Product Portfolio - IDFC Mutual Fund Launches One Year Fixed Maturity Plan - NRIs can now hold accounts in any currency - ICICIdirect and NSE organize gold ETF awareness camps across India   ON STANDS NOW At a Glance   - Maharashtra tells HC it will take 'credible action' against Lavasa in two weeks - India can achieve 8%-8.5% growth despite global crisis: PM - Talks continue as Maruti plant strike enters 14th day - Inflation to 'moderate' in coming months, says Rangarajan   Corporate Wrap-up   - Infosys to increase workforce in Singapore - Gitanjali adds 261 stores with focus on smaller towns - Raymond Q2 net up 23.41% at Rs80.96 crore Moneylife Columns     Emerging Market Corporate Bonds William Gamble With faith and with risks mounting for government bonds rising in developed markets, emerging markets countries and corporations were able to issue more debt than ever before. In 2010 Chinese companies raised three times more money from bonds as they did from equities. Now many of these bonds are beginning to go bad. A similar worry is being seen with Russian bond holders...     Uphaar Cinema fire victims get reduced compensation, making a mockery of innocent deaths Vinita Deshmukh A total of 28 families whose close members died in the Uphaar Cinema fire tragedy in 1997 continue to wait for justice for their irreparable loss. They have been campaigning for action and compensation against the theatre-owners, who violated laws for getting more money from the extra seats that blocked the way of safety...       Face 2 Face   Bharti AXA General Insurance: "Critical illness product helps to make health insurance comprehensive" Bharti AXA launched its SmartHealth critical illness product a few months ago which covers 20 critical illnesses at a reasonable premium. The company has also filed an application with IRDA for allowing a mediclaim product with lifelong renewal. Subrahmanyam B, vice president & head, health-vertical, commercial lines & risk engineering, Bharti AXA General Insurance, talks about his company's current and future prospects:..   Editor's Pick   EU debt crisis: Berlin and Paris agree to disagree This report says that Luxembourg's Prime Minister, who heads the euro-zone finance ministers' group, has indicated that an impromptu meeting of European leaders in Frankfurt last night has failed to resolve differences. ...................................................................................................................................................... Smartphone sales: Samsung pips Apple Samsung shipped 20 million, Apple managed 17.1 million units in Q4—and Nokia is catching up. ...................................................................................................................................................... Greece is burning Athens is gearing up for a second day of a violent general strike as protestors fight the proposed austerity measures. ...................................................................................................................................................... Microsoft head: "Lucky we did not buy Yahoo" Steve Ballmer also feels that you need to be a "computer scientist" to use Android. ...................................................................................................................................................... Where are the jobs in America? Healthcare and retail may be good bets. ...................................................................................................................................................... Graphic of the Week Is this the most important photograph of 9/11?     Book Review   Overconnected: System failure Devarajan Mahadevan Suits should not write like geeks...   FROM the ARCHIVES   Insurance complaints redressal: IRDA journal has its facts in place, but what is the ground reality? The IRDA monthly journal focuses on customer grievances and the ways in which to deal with them. While a number of issues have been acknowledged, the way in which to deal with them may remain on paper, unless insurance companies follow guidelines—and if IRDA acts when insurers don't ... ...................................................................................................................................................... RTI Act: Same Governor comes under it in Maharashtra, but not in Goa Kateekal Sankaranarayanan is the Governor of Maharashtra as well as that of Goa. While an activist in Goa has procured information under the RTI Act from the office of the Governor of Maharashtra, he has been declined information in Goa's Raj Bhavan. Can things get any stranger?...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

 Forward this to a friend by clicking on 

 If you do not want to receive any more mails use this link

--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/