JAAGO NRI JAAGO

“The BEST Investment opportunity is provided only in times of CRISIS”.

Indian importers are aghast, shocked and caught unawares at the sudden fall in rupee vis-a-vis the US dollar…an Indian traveller, the Indian Govt. and the Indian Importer are in pain as they have to pay full 15 to16% more rupees today to buy 1 US dollar compared to a year back…

Have a look at the table below…

Time Period	1 year ago	6 months ago	3 months ago	Current exchange rate
Date	17-JAN-11	16-JUNE-11	16-SEP-11	16-DEC-11
1 USD = INR	45.48	44.84	47.40	52.63
Rupee depreciation	16%	17%	11%	-

While it takes us Indians approx. Rs. 52.63 today (16-DEC-11) to buy one US dollar, we could buy 1 USD by paying a mere Rs. 45.48 a year back. The rupee has depreciated against the US Dollar by a good 16% compared to a year ago (or should I say that the USD has appreciated by a cool 16%). What’s more, the sharp fall in the rupee against the dollar has been sudden, with 11% fall coming in last 3 months itself…

This has caused a huge blow to the Indian Govt. because OIL is India’s biggest import & oil price, although has remain range-bound in terms of dollar, but because it takes our Govt. more rupees to buy 1 US dollar today compared to a year back, the cost of oil imports has suddenly shot up catching the Govt. unawares… in fact, this has been sighted as the main reason by our govt. to increase the price of petrol this week…

The Indian traveller who was planning to pack his bags and travel to US or the Europe will think twice now as his cost of travel has suddenly shot up by a good 15%...

Similar is the plight of an Indian parent whose child/ward is studying abroad. This December they are forced to pay 15% to 16% more fees compared to last year because of a similar fall in rupee v/s the USD.

However, the most pain is being borne by the poor Indian importer who would not have imagined in his worst nightmare that he will have to pay upwards of Rs. 50 to buy 1 USD. If you are a traveller, you can cancel/postpone your travel, if you are a parent remitting education fees to your child studying abroad, you can pay the higher rate for the dollar now hoping that by next semester, USD would be much cheaper, but the pain is continuous and unavoidable for the Indian Govt. and the Indian importer is in a more precarious situation as he cannot stop importing good otherwise his business will stop growing.

However, to repeat my quote above…a CRISIS for one is an OPPORTUNITY for another…

No awards for guessing who is the biggest beneficiary of the 15 % rupee depreciation? The Indian EXPORTER…especially those who are exporting goods and/or SERVICES to the United States…

The Indian EXPORTER has had his diwali this year, not in the month of October but from October till now with rupee depreciating by 8% to 10% since diwali and their top line & bottom-line increasing in direct correlation to the depreciation of the rupee vis-à-vis the US dollar…

Our Indian Exporter is having a field day and the diwali is continuing till the date of writing this article…

But, besides the exporters, there are two more group of people who stands to benefit directly & immediately from the 15% depreciation in rupee….

And what more, if they play their cards well, they can benefit immensely from this unwanted but unavoidable fall in Indian rupee…

Can you guess whom I am talking about…?

Think hard….what is missing from the graphic below???

Those who “LOOSE” from the rupee depreciation	Those who “BENEFIT” from the rupee depreciation
Indian Govt.	???
Importer	Exporter
Indian tourist & biz travellers travelling abroad	Foreign traveller planning to travel to India
Parents whose children are studying abroad	???

Can you fill in the blanks above…. besides the Exporters, which 2 communities stand to benefit the most from the falling rupee??

Well, let me break the suspense here….

The 1^st is the Foreign Investor including the FIIs (Foreign Institutional Investors) who have hordes of unutilised CASH lying idle in their coffers in the form of US dollars…that’s one of the reason I am not very concerned about the sudden fall in the Sensex…The FIIs, if they decide to invest in Indian equities today, stand to make a cool, risk-free 10 to 15% profit just by remitting money to India and converting USD to Indian Rupee…. So what my teachers taught me in school has some truth in it…

“EVERY CLOUD HAS A SILVER LINING”…

So, if we re-visit the above graphic… you’ve got one of the answers….

Those who “LOOSE” from the rupee depreciation	Those who “BENEFIT” from the rupee depreciation
Indian Govt.	Foreign Investors or the FII’s
Importer	Exporter
Indian tourist & biz travellers travelling abroad	Foreign traveller planning to travel to India
Parents whose children are studying abroad	???

Now I hope the FIIs read my  BLOG, understand the logic of 15%+ risk-free return that I am writing about and start investing in Indian markets again….

But alas, that’s wishful thinking… My BLOG readers are not FII’s and FII’s are yet to become my BLOG subscribers, at least not in the near future…

So, for who am I writing this article… who is going to benefit by reading this blog article? Well YOU, my BLOG reader, if you know any NRI friend and/or relative and/or business partner. And to speak more directly, my friends who are residing/studying/working abroad… the NRI’s (Non-Resident Indian’s) and the PIOs (Person of Indian Origin’s).

So, now we complete the graphic above… finally…

Those who “LOOSE” from the rupee depreciation	Those who “BENEFIT” from the rupee depreciation
Indian Govt.	Foreign Investors or the FII’s
Importer	Exporter
Indian tourist & biz travellers travelling abroad	Foreign traveller planning to travel to India
Parents whose children are studying abroad	NRI’s and PIO’s

Yes, pick up the phone and give a call to your NRI / PIO friend/relative/biz partner sitting abroad, with dollars stashed away in his bank, probably worrying about his job, next salary, raise or about his business prospect, envying you and us Indians that we are living in the 2^nd fastest growing economy when he/she/they are living in economies struggling to stay out of recession and earning a meagre 2 to 3% on his bank deposits when we Indians are earning 9%+ on our deposits.

Call your NRI friend /relative / biz partner not to tell the above but to tell him that NOW, since last couple of months; YOU & I have started to ENVY our NRI friend working abroad…

WHY????  Here is the reason…

If I am an NRI residing in US or Europe or for that matter anywhere else, having spare dollars (or for that matter any other foreign currency) with me that I do not need at least for a few months if not more, I shall immediately REMIT my foreign currency savings to my NRE account and end up buying rupee @  Rs. 52.63 for every US dollar. Had I remitted money last year or even 3 months back, I would have received either Rs. 45.48 per US dollar (1 year back) or Rs. 47.40 (3 months back) per USD…

So, by remitting money NOW, I gain a cool 11.0% more compared to say 3 months back & 15.7% compared to a year back…

Now, an NRI has two choices after he has remitted money back to India.

Option 1:  Start a NRE Deposit account and earn 2.5% to 3.5% return on his NRE deposits which actually is not bad as now his total earnings from this activity is a cool 18.5% (15% earned on conversion to rupee+3.5% on NRE deposits)…

Not bad compared to 3 to 4% max.  that he/she might be earning on their local bank deposits…

 (PN: interest rates earned on local deposits might vary from country to country)

However, if your NRI friend is of the more intelligent kind who takes pains to do some more research and /or takes professional advice from Wealth Mangers/Financial Planners, here in India, he will go for option 2…

Option 2:

So what is option 2?

Well, step 1 remains the same. Transfer money to India by remitting your foreign currency to your NRE bank account and convert your USD or any other foreign currency to Indian rupee and pocket a cool 15% odd risk-free…

Step 2, rather than depositing it into a NRE Deposit a/c, you INVEST the rupees so earned into Debt-based Mutual Funds here in India….

Ok, did you know that already???? So what’s stopping you my friend??? Are you not happy with practically risk-free 20.0% + returns in one year?

There are two unique events playing simultaneously in Indian economy that presents a unique, never before, opportunity to our NRI friends to obtain / EARN a practically RISK-FREE return of 20% odd….

Not only the rupee depreciation is at its peak, even the interest rates in India are at their peak. We all know that… you and I are earning upwards in the range of 9.0% to 10% per annum on our Fixed Deposits with banks (although I believe it is foolish for an Indian do open a FD today… surprised, read my article “ The Rich Man’s bank Accounts:….( http://niravpanchmatia.blogspot.com/2011/03/rich-mans-bank-accounts.html )

I say that because while FDs are giving us 9 to 10% pa they are taxed @ 30% however some of the medium-term debt-based Mutual Funds in India are offering returns in the range of 10.00% to 11.25% per annum…and are taxed @ 10% even if I may be in the 30% tax bracket..

So step 2 for an NRI would be to INVEST his money from the NRE account to some of these, well chosen, debt-based Mutual Funds in India.

He therefore stands to gain a cool 25% to 26.50% returns on his surplus dollars that otherwise were lying idle in his foreign bank account or earning a meagre 3 to 4% pa.

Now, a final graphic for you… the table below shows 1 year return in case of 3 strategies that an NRI can adopt with respect to his surplus funds…

	NRI money lying idle in his local bank a/c	NRI remits money NOW to his NRE A/c & transfers it to NRE deposits	NRI remits money to NRE A/c and Invests in debt mutual funds in India
Profit on conversion of USD to rupee	0%	15.0% approx.	15.0% approx.
1 year return	3.0% to 4.0% pa	3.0% to 4.0% pa	10.0% to 11.25 % pa
Total returns earned after 1 year	3.0%    to 4.0% after 1 year	18.0%   to 19.0%  after 1 year	25.0%   to 26.25%  after 1 year

Now, the returns from debt-based mutual funds are expected returns but past 10 years record shows that good, well chosen debt mutual funds have given returns as indicated within a range of +/- 0.75%. Only one caveat here, please take professional help before finalising the debt mutual fund for Investment.

So, how is that for a neat 25% return over one year with very little risk …

Isn’t it cool…. If you think so and agree with me, then I would request you to forward this article to every NRI/PIO friend of yours… he will definitely thank you from the bottom of his heart and probably gift you that ipad or the latest iPhone4…

Now, about DON2,

 if Shah-Rukh Khan can dare to bring out DON2, can  I not write JAAGO NRI JAAGO part II…

Await the sequel, as in my following article I am talking about NRI’s making a cool, hold your breath, hold it, hold it, 50%+ returns….

Wait, before you point a finger at me and raise doubts, this one is not without risks….it is meant for NRI investors who fulfil the below mentioned conditions:

1.   

1. 1. They have the stomach to take risks
2. 2.   They are willing to INVEST for a longer time period of 3 to 5 years
3. 3.   They take professional advice here in India before creating their Investment portfolio

Yes, a cool, 50% return in 3 to 4 years is not bad, is it????

Wait for DON 2, I mean JAAGO NRI JAAGO part II…

WATCH THIS SPACE…

QUOTE OF THE DAY:

If you buy things that you don,t need,

Soon you will have to SELL things that you need…

Hope you have doubled your SIP Investments this monsoon?

Yes, you have read it right. And no there is no typo error here. I am asking you whether you have doubled your SIP Investments in Mutual Funds recently?

What did you say?

The markets are down and there is gloom all over. The World is in recession including India and hence we should stay away from equity (stock market) investing.  So am I crazy to suggest that you increase your SIPs in Mutual Funds?

Now, I fully agree with the 1^st part of the sentence and partially agree with the 2^nd part of the sentence. Let me explain in detail.

Explanation to Part I: “The markets are down and there is gloom all over”.

Yes, the markets are down and there is gloom all over & it is precisely for this reason I am suggesting that one should buy equity or invest in our stock markets.

I don’t know which school you went to but my professor has taught me that the way to make money either in the stock market or for that matter any other market is to “BUY CHEAP & SELL DEAR”.

In other words, buy stocks when the markets are down and sell stocks when the markets are up. Were you taught something else by your professor? Well then check how his investment portfolio is doing.

Because I believe that one does not need a phd to figure this commonsensical fact that the only and the surest way to make money is to BUY when prices are LOWER and SELL when prices are HIGH.

Explanation to Part II: “The World is in recession including India and hence we should stay away from equity (stock market) investing”.

Now, coming to the 2^nd part of the question. There is gloom all over the world and constant talk of recession, slowdown and negative investor sentiment. Well, as I said , I only partially agree with this statement. Yes, we are living in troubled times. Most part of the western economy is in financial turmoil today. US has just been downgraded (first time in 4 decades) amid fears of a double dip recession, Europe is fighting possible bankruptcies of at least 3 nations including Greece and is barely managing to keep the euro zone intact. Japan has been in trouble and facing slowdown for more than 2 decades now. So you are partially true that a major part of the world economies, especially the western ones are either in recession already or on the verge of recession.

So, why do I not fully agree with the statement that there is gloom and fears of recession all over the world. Because there is one silver lining to this cloud and that silver lining is India & China. When the entire western world is in financial struggle, struggling to save itself from falling into recession, Indian and China are the only 2 large economies that are giving support to the hope that the world economy might be saved from recession.

NO there is no recession in India. I repeat, there is no recession in Indian and neither is there any fear of recession coming to India at least for the next decade. How do I know? Well, let me FLIP the question and ask you “Which FOOL told you that there is recession in India?”. If a friend or relative or broker or agent has told you so, then stop discussing finance and investments with that person, because he knows nothing about that subject. If you have read about recession or even fears of recession in India in any newspaper or magazine, dump that newspaper or magazine and let that be your last issue.

The text book definition of “RECESSION” that is generally and most widely accepted defn of recession by economists around the world is as follows: “ A country is in recession if its economy faces 2 successive quarters of negative GDP growth”.

If an economy shrinks (that is does not grow at all but has a –(ve) growth rate for 2 consecutive quarters in a row, then that is called as recession. India for the last many quarters for the past decades is growing on an average in the range of 7 to 8 % per annum. For us to qualify for recession, we should not be growing but shrinking @ -0.5 to -1% for two quarters in a row. Have we passed this test anytime over the past few decades?

NO, WE HAVE FAILED THE TEST OF RECESSION and that too miserably. India has not even known what recession is for decades now and will possibly not see one for next few decades. Thank GOD. So be happy, cheer up and buckle up for the best decade that India has ever seen in its post independence history.

Yes I agree that there is slowdown in India, meaning that while we were growing at approx. 8 to 9% per annum over the last few years, this year we might end up growing in the range of 7.50% to 8.0% per annum, a decline of 0.5%. But that this qualifies India for the rank of 2^nd fastest growing economy in the world after China. I agree that if the entire western economy is in financial turmoil, it will have some negative effect on our economy and especially our stock markets. But to what extent? “We should not confuse indigestion with stomach cancer”.

In fact the western economies are looking towards countries like India and china to lift the world economy from fears of recession. When was India so much important to the world economy?

So to repeat your concern once again,

The markets are down and there is gloom all over.

The stock markets in India are down and there is gloom in the west but there is HOPE in the East especially in India and China. In spite of the slowdown in our economy, the worst GDP growth rate forecast for India is @ 7.50% pa for 2011-12. This still will make us the 2^nd fastest growing economy in the world next year. That is equivalent to a silver medal in Olympics. Why don’t we Indians celebrate India’s GDP growth like we do when an athlete wins a medal in Olympics…

One sure way of doing same is to invest in the Indian stock markets…

So am I crazy to suggest that you increase your SIPs in Mutual Funds?

I don’t think so. On the contrary I feel that any Indian, whether resident or NRI, would be crazy NOT to invest in Indian Stock Markets NOW (over next 6 months), if he has surplus Cash to spare and if his investment horizon is beyond 3 years.

Do you know when is the best time to INVEST in a country’s STOCK MARKET? The BEST time to INVEST in any COUNTRY’s STOCK- market is when 2 conditions are met:

Condition 1: The economy of the country that you wish to invest in should be strong & its GDP growth forecast should be robust.

Does India meet this condition? Yes, by all means yes. Our average GDP growth rate over the past 30 years is 6.50% and we are expected to grow @ around 7.50% to 8.0% this year. So India has aced this test.

Condition 2: The stock market of that country should have seen a correction in the recent past and therefore offer attractive valuations

Our stock market index “BSE Sensex” had reached the peak of 21,000 in Jan 2008, almost 45 month back and is yet to reach those levels. The market has therefore significantly corrected from those levels and therefore offers bluechip stocks at very attractive valuations.

Having met both the above conditions with full marks, I strongly believe that Indian equity is a very strong buy at these levels.

However a few caveats here…

READ the HEADING of this article carefully.

• Did I tell you to buy SHARES? No.
• Did I tell you to Invest in the market at one go? NO.

I am asking you whether you have DOUBLED your SIP INVESTMENT in well chosen MUTUAL FUNDs during the last few months.

1.  Why am I saying so? Because, investing in stocks directly is fraught with risks. The chances of you going wrong while choosing stocks (of the 7,000 odd stocks listed in the stock markets today) are higher than the chances that you will choose the right stocks. Even experts get baffled and make mistakes in choosing stocks. As for the traders and speculators, ask somebody who was speculating and/or trading in stocks over the past 3 years and you shall get the answer yourself.
2. Why SIP investing and not investing in lump sum at one go. Because one is not sure that the Indian Stock Market has seen its bottom yet. The downside risk still remains and any major economic uncertainty either in US or in Europe can take our stock market further down from these levels. However, just because one expects the market might go down further does not mean that one should wait for that to happen as nobody can catch the bottom. Hence stagger your Investments over the next few months rather than investing at one go.

An SIP Investor BENEFITS  from A MARKET FALL and should be HAPPY if the stock market falls in the short run as in a falling market an SIP Investor accumulates more units of mutual funds, which, once the stock markets recovers, will help him make much more money.

Hope, now you are convinced that when Indian economy is doing well, (yes high inflation and rampant corruption are the pain areas but do not forget that we are growing at 750% per annum in spite of these 2 evils) and our stock markets are down, and there is negative sentiment the world over, that is the best time to dip into Indian equity using SIP mode of investing via well chosen Equity Diversified Mutual Funds selected with professional advice.

Still sceptical and have your doubts… GOD save me. It is really difficult to convince an Indian to forget GOLD & REAL ESTATE and invest in Equity… OK… let us talk with some facts & figures…

• What was the Sensex in Jan 2008? 21,000 odd levels
• What is the Sensex NOW (Sep 18, 2011) ? 16,900 odd levels (down 19.50% since Jan 2008)
• What was the price of GOLD on Jan 15, 2008? 11,500 odd levels
• What is the rove of Gold NOW (Sep 18, 2011) ? 27,500 odd levels (up 139% since Jan 2008)

NOW, if may dare to make a BOLD statement here:

 “Had you done an SIP in well chosen Equity Mutual Funds since Jan 2008, when the Sensex was at its peak at 21,000 levels, and continued your SIP investments till date (SEP 2011), you would have beaten Gold today (in SIP terms)…even though Gold today has appreciated by around 139% since Jan 2008 and the BSE Sensex has fallen by approx. 19.5% since its peak levels of 21,000 in Jan 2008.

 DO NOT TRUST ME…. Here are the facts…. Carefully study the table below… it will be a shocker and an eye opener for YOU…

Scheme Type	Absolute return over last 12 months - (Oct 2010 to Sep 2011) (%)	Value of Rs. 1.20 Lacs invested via 12 monthly SIPs of Rs. 10,000 each	CAGR Returns since last 36 months - (Oct 2008 to Sep 2011) (%)	Value of Rs. 3.60 Lacs invested via 36 monthly SIPs of Rs. 10,000 each	CAGR Returns since Jan 2008 (last 45 months) (%)	Value of Rs. 4.50 Lacs invested via 45 monthly SIPs of Rs. 10,000 each
Equity Sectoral Mutual Fund 1	17.65%	1,29,420	37.24%	5,92,900	32.2%	7,85,300
Equity Sectoral Mutual Fund 2	-3.21%	1,18,220	33.81%	5,68,175	31.2%	7,72,720
Gold Exchange Traded Fund	58.91%	1,49,700	32.65%	5,59,970	30.0%	7,57,800
Equity Sectoral Mutual Fund 3	31.86%	1,36,650	35.47%	5,80,055	27.9%	7,31,870
Equity Diversified Mutual Fund 4	-6.86%	1,16,180	24.75%	5,06,165	23.8%	6,83,490
Equity Diversified Mutual Fund 1	-0.11%	1,19,940	27.18%	5,22,320	21.9%	6,61,930
Equity Diversified Mutual Fund 3	-3.83%	1,17,880	26.88%	5,20,320	21.8%	6,60,815
Equity Diversified Mutual Fund 2	-10.82%	1,13,930	28.85%	5,33,640	21.5%	6,57,465
Balanced Mutual Fund 1	-4.54%	1,17,480	25.81%	5,13,175	21.5%	6,57,465
Equity Diversified Mutual Fund 5	-8.58%	1,15,200	22.05%	4,88,590	20.1%	6,42,000
Equity Diversified Mutual Fund 6	-11.98%	1,13,260	24.96%	5,07,050	20.0%	6,40,900
Equity Diversified Mutual Fund 7	-13.36%	1,12,460	24.12%	5,02,025	19.6%	6,36,500
Balanced Mutual Fund 2	-0.92%	1,19,490	21.80%	4,86,985	18.8%	6,27,900
Balanced Mutual Fund 3	-7.76%	1,15,670	21.27%	4,83,590	18.6%	6,25,765
BSE Sensex	-20.76%	1,08,000	7.29%	4,00,000	4.7%	4,90,130

The table above, gives SIP returns for last 12 months (Oct 2010 to Sep 2011), SIP Returns for past 3 years (Oct 2008 to Sep 2011) and SIP Returns for the past 45 months since Jan 2008, when the BSE Sensex reached its peak of 21,000 (Jan 2008 to Sep 2011). The adjacent columns gives the current value of Rs. 10,000 monthly investment made in Top 10 Mutual Fund schemes over the respective time period.

We have also compared the return from Top 10 Equity Mutual Fund with Sensex returns (at the bottom) and with Gold ETF SIP returns (at the top).

So, what do you observe?

Now, it is not a surprise that GOLD is at the top of the table and Sensex at the bottom. But what might surprise you is that at least 2 Equity Mutual Fund schemes have given compounded returns more than GOLD ETF (which exactly mirrors the Gold price) ince JAN 2008. A very BIG surprise. So the two top equity mutual funds have given compounded return of 32.2% and 31.2% respectively against 30.0% given by Gold SIP and a mere 4.7% by the Sensex. So while a Sensex has fared poorly against Gold over the past 45 months, top equity mutual funds have matched and in 2 cases, even exceeded Gold ETF returns since Jan 2008. SURPRISE SURPRISE….

In other words, had you invested Rs. 10,000 every month over last 45 months since Jan 2008, you would have invested Rs. 4.50 lacs till date.  Now see the graphic below to see what is the current value of Rs. 4.40 lac investment:

Scheme Type	Compounded Returns since Jan 2008 (last 45 months) (%)	Value of Rs. 4.50 Lacs invested via 45 monthly SIPs  of Rs. 10,000 each  (Rs.)	Your Investment  over past 45 Months (Rs.)	Your Gain from your SIP Investments (Rs.)
Equity Sectoral Mutual Fund 1	32.2%	7,85,300	4,50,000	3,35,300
Equity Sectoral Mutual Fund 2	31.2%	7,72,720	4,50,000	3,22,720
Gold Exchange Traded Fund	30.0%	7,57,800	4,50,000	3,07,800
Equity Sectoral Mutual Fund 3	27.9%	7,31,870	4,50,000	2,81,870
Equity Diversified Mutual Fund 4	23.8%	6,83,490	4,50,000	2,33,490
BSE Sensex	4.7%	4,90,130	4,50,000	40,130

Yes, had you invested in the top equity mutual fund via SIP since Jan 2008, your Rs. 4.50 lacs investment would have become Rs. 7.85 lacs netting you a cool gain of Rs. 3.35 lacs. Compare this with a value of Rs. 4.90 lac and a gain of Rs. 40,000 only from Sensex and a value of Rs. 7.57 lacs and a gain of Rs. 3.07 lacs from Gold…

Now, do not forget that the above exemplary SIP performance from equity mutual funds is in a period when in absolute terms GOLD has risen by 139% and the Sensex has fallen by 19.5%.

3 cheers the Fund Managers of these Mutual Fund schemes….

Now, here comes the BOMBSHELL… Why am I asking you to double your SIP in Equity Diversified Mutual Funds?

Because going forward, over the next few years, I expect the Sensex to go gradually up from here and probably the reverse for Gold. Now imagine, in a period when Sensex gave a mere 4.7% compounded return, good equity mutual funds gave a staggering return in the range of 25 to 30% per annum compounded.

Imagine, what kind of returns will good equity mutual fund schemes give if the tide is in their favour and the Sensex itself gives double digit returns. Just IMAGINE the possibility…

So, set up a meeting with a good, qualified Mutual Fund Expert and/or Financial Planner today, who will help you devise a good Investment Portfolio (ie help you choose the right Mutual Fund Schemes that suits your risk profile & investment horizon) and start your SIP investments asap….

Also, please choose an Advisor who charges FEES rather than going to a mere agent/distributor who might not charge you fees but dump your investments in non-performing mutual fund schemes. (Please refer to my previous article titled “No Entry Load on Mutual Funds….http://niravpanchmatia.blogspot.com/2010/09/no-entry-load-on-mutual-funds.html ). Remember, if your Mutual Fund portfolio is not designed with professional help, it might also back fire.

(Also read my previous article titled “The Unsung Hero of India’s Investment Universe” http://niravpanchmatia.blogspot.com/2011/06/unsung-hero-of-indian-investment_12.html )....

HAPPY SIP INVESTING….