Citizens' Issues
Automated Paydays India: Work from home business, is it real or a scam?

The site claims one can earn Rs15,000 a day by just posting links and that it has Yahoo, Google, Bing etc, as its top partners
 

In the past we have seen Speak Asia Online, the multi-level marketing (MLM), company spreading its wings under the pretext of online surveys. In the same way another online company—Automated Paydays India (http://india.automated-paydays.com) claims one can earn Rs15,000 per day by just posting website links. On visiting the site the company claims to be advertised on Sun TV, CNN-IBN, Times Now etc. The company also mentions that it has partnered with Google, Yahoo, Bing, etc. It mentions that over 3,000 people all over India have joined. There is an American version of the site as well. The claim is that one can make money by posting links from home.
 

There have been many complaints online that apart from the joining fee it tries to sell different products which are supposed to ‘enhance’ your “work from home” business. One should not fall for its refund guarantee. There have been several instances as well where people have filed for refunds but have not yet received it.
 

After entering a few details to check if you are eligible, you are taken to another page which is a “Special Report” by one of its top home consultants. Here is what the page mentions on how one can make money,
 

“Put it this way: To post one link takes between 3 to 4 minutes. To be conservative, let's say it takes 4 minutes. Well, if you post one link every 4 minutes, and you do that for 60 minutes, that amounts to 15 links in just 60 minutes. And the average amount you make per link posted is Rs1,500.*
 

Let's do the math: 15 links for Rs.1,500 each equals Rs22,500. That's you earning Rs22,500 for 60 minutes of work! If you do this five days a week, you can make Rs1,12,500 a week... Rs4.5 lakh a month... and Rs58.5 lakh a year!* And that's just 1 hour a day, I do at least 3 hours per day Monday to Friday keeping the weekends to myself."
 

Towards the end of the “Special Report” it puts an earnings disclaimer mentioning that, “Even though this industry is one of the few where one can create their own earnings, there is no guarantee that you will earn any money using the techniques and ideas in these materials”
 

One can enroll by paying $19.97 (supposed to be a special discounted rate from $90). The payment goes to a company—ClickSure, which is based in Mauritius. Where is Automated Paydays based? Well, we are not really sure but in their terms and conditions document they mention that correspondence can be made to iNet Cubed in the United Kingdom.
 

The website has been running since October last year. Nearly 40% of the visitors to the site are from India.

User

COMMENTS

Parikshit Bhagat

2 years ago

Without pay anything from your pocket.
Just spend 15-20 minutes on Internet, just like surfing Facebook, Yutube, Gmail e.t.c. Every body can do it through Mobile, Laptop, PC. Easy & simple Task. no huge typing work no Copy Paste Jobs.
All videos available for how to joined, how to work e.t.c.
you can easily earned 3$ daily with spend only 15 minutes on Internet.

Click or Copy past link on address bar to Joined :
in document put your correct ID no like adhar, voter, pan card
Any problem pls ask : [email protected]
*please joined only through this link because it will help you also in future

Alok Sharma

3 years ago

I have no money because I have lost 4 lakhs in Speak Asia and I am in debt. I want to get rid of my debts, so if possible for you please help me, you may come to my home to see truth, I am not god who can prove my problems. I have 2 daughters and I am feeling to much upset I cannot describe in words.

JUNAID SIDDIQUI

3 years ago

how can do pls give me some information in my email
[email protected]

dharmendra kumar

3 years ago

how can do pls give me some information in my email
[email protected]

pavan

4 years ago

CAN YOU EXPLAIN BRIEFLY??

pavan

4 years ago

CAN EXPLAIN BRIEFLY???I DONT KNOW ANYTHING ABOUT THIS..

pavan

4 years ago

CAN EXPLAIN BRIEFLY???I DONT KNOW ANYTHING ABOUT THIS..

Krishna

4 years ago

Lucrative and zero investment projects coming up by October (2013) 3rd week. Calling all Indian Freelancers to join the opportunity. Enroll for Free on http://a4m.in/ (All 4 Money).

REPLY

pavan

In Reply to Krishna 4 years ago

CAN EXPLAIN BRIEFLY??COZZ I DONT KNOW ANYTHING ABOUT THIS..,,

Ashish Tripathi

4 years ago

can u tell me how u do it?i mean the whole detail?

S BHASKARA NARAYANA

4 years ago

Thanks a lot to the moneylife team. Exactly, when I am being tempted to join the automated paydays job work, ur feature opened my eyes.

REPLY

pavan

In Reply to S BHASKARA NARAYANA 4 years ago

can explain this i dont know anythiing about this

MANTU LAL MANDAL

4 years ago

my name mantu lal mandal. my con:09932819147. we invest (7 parson) 77000.00 rupees . how we return our money. plece contact my mobile 09932819147.

jaykayess

4 years ago

On the internet, the general rule to follow is: "If it's too good to be true, it's a scam."

Think of it this way: If you met someone face-to-face who offered you exactly the same business proposal, and didn't give you any phone number or contact address, would you hand over $20 to him?

Ashesh Shah

4 years ago

Can someone do a feature on why news channels like TimesNow and NDTV allow advertising by such spurious entities ?

They are equally guilty in lending credence to these companies claims, by associating their goodwill to these companies.

Vinay

4 years ago

If something's too good to be true, it probably is.

Until people learn this, schemes like these will keep flourishing.

MOSt Shares CNX 100 Equal Weight ETF: First equal weighted index ETF, what should you expect?

When launched, this would probably be the first equal weighted index ETF in India. Should you invest?

Motilal Oswal Mutual Fund plans to launch an open-ended index exchange traded fund (ETF)—MOSt Shares CNX 100 Equal Weight ETF (MOSt Shares C100). The scheme would invest in the securities constituting the CNX 100 Equal Weighted Index which would be an index owned and operated by India Index Services & Products (IISL). The index comprises the same constituents as CNX 100 Index (free float market capitalization based index), but for the CNX 100 Equal Weighted Index, each index constituent is allocated fixed equal weight of 1% at each re-balancing. The weights are re-adjusted to 1% on a quarterly basis as well as at the time of index constituent replacements. Motilal Oswal MF in the past has launched an open-ended fundamentally weighted ETF Index—Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50). This scheme was launched in July 2010 and has a corpus of around Rs75 crore. In terms of performance this scheme has disappointed. For the one-year and two-year period ending 29 April 2013, the scheme returned 10.73% and -2% respectively. The CNX Nifty returned 13.34% and 1.33% respectively in the same period. Investors would now have a new option. Would an equal-weighted index be a better option to a market-cap based index?
 

Stock indices typically weigh holdings by free-float market capitalization—or in other words the total value of a company’s shares outstanding. Thus, the biggest stocks command the highest weightage and sway returns. Earlier we have seen how heavy-weight stocks skew the returns of an index (Read: Why Sensex is not the barometer of the Indian economy). And just recently we saw how Infosys results dragged down the Sensex.
 

Although both indexes are comprised of the same stocks, the different weighting schemes result in two indices with different properties. In market-cap weighted indices investors get a larger stake in mega-cap companies and smaller positions in stocks that have a significantly lower market-cap. Take for example the CNX 100 index, the top 10 companies by market-cap command nearly 50% of the total weightage of the index. And this includes big names like ITC, HDFC, ICICI Bank and Reliance Industries. At the other end, the bottom 10 companies command a total weightage of just 1.55% in the index. Some of the companies here include Mphasis, Ashok Leyland, IDBI Bank, Steel Authority of India (SAIL) and Petronet LNG. Though one might end up having a low allocation to under-valued stocks, we would also need to see how have such indices performed in the past?
 

In January 2003, the S&P 500 Equal Weight Index (EWI) was created—an equal weight version of the popular S&P 500 Index. The charts below compare the returns of the two indices over a five-year and 10-year period. The returns of the $4 billion exchange-traded Guggenheim S&P 500 Equal Weight ETF is said to have outperformed the market-cap weighted S&P 500 index by a percentage point or so over the past three years.
 

In a research on equal weight indexing by Standard and Poor’s, they mention that historically, the S&P Equal Weight Indices have outperformed their market cap weighted equivalents in the long-run. The level of performance has also varied considerably under different market conditions. Equal weighting demonstrates long term outperformance internationally as well.
 

However, many investors are cautious about investing in equal-weighted indices as even though the exposure to mega-caps is reduced, at the same time you are dramatically increasing your exposure to small and midcap stocks, which tend to be more volatile. Over the past ten years, the S&P 500 EWI has shown a higher volatility as compared to the S&P 500. The volatility of the S&P 500 EWI has remained between 4.6% and 5.2%, higher than that of the S&P 500 since April 2009, according to the research paper.
 

Equal weighted indices have higher market capitalization turnover than their parent indices due to the rebalancing of the indices on a quarterly basis to equal weights. The research paper mentions that, “During the period of the five years ending in 2009, the average annual turnover for the S&P 500 EWI has been over eight times that of the S&P 500 (28.1% and 2.8% respectively). However, the S&P 500 has a very low turnover relative to most indices.” This could be an issue with the fund company, the investor need not worry about this as total expenses for ETFs are capped at 1.50% and can go up to 2% if the scheme is able to meet the criteria for additional expenses.

 

 

User

COMMENTS

R Balakrishnan

4 years ago

For an OTC market like India, 100 stocks is simply too much. At best,the universe should be restricted to 20 or 30 stocks, for passive investing. When there are 100 stocks, the heavyweights tend to influence the index in a big way.
An equal weighted sensex 30 would do better than a basket of 100. Our market depth and breadth (or lack of both) are more like an OTC market.
For India, equal weighted 100 will lag the mcap weighted one for many years to come

Petronet LNG reports steady net profit despite healthy net sales

The company has reported healthy 33% increase in net sales yet its net profit remained stagnant due to poor operating profit
 

Petronet LNG, a leading provider of liquefied natural gas (LNG), has witnessed a disappointing quarter. Net sales increased only 33% year-on-year (y-o-y) for the quarter ended 31 March 2013 to Rs8465.63 crore, , from Rs6375.43 crore in the previous corresponding period. Yet despite healthy net sales growth, its net profit remained stagnant, at Rs245.14 crore for the quarter ended 31 March 2013 when compared to Rs245.12 crore for the year-ago period. The management of Petronet LNG, according to SBI Cap Securities, has guided re-gasification charges at Kochi at RsRs62/mmbtu against earlier guidance of Rs50/mmbtu, higher than expected.
 

We had recommended Petronet LNG as part of our long-term portfolio (refer to Long Term section of our Moneylife magazine). The stock is currently quoting at Rs139.15 on the Bombay Stock Exchange (BSE).
 

A Moneylife analysis reveals that while net sales growth has been impressive due to sustained demand from LNG all over the country, the company has been struggling on the operations front. While the average three-quarter y-o-y net sales growth rate is a healthy 35%, the same three-quarter average y-o-y growth rate of its operating profit has been anemic and actually degrew 1%. This is a cause for concern in an otherwise highly regulated market. The company’s return on networth stood at an impressive 33% but its return on capital employed is far less impressive at 18%. The company’s market capitalization is valuing at 6.65 times operating profit.
 

In a note to clients, SBI Cap Securities believes that the company is valued Rs160 and has recommended a “Buy”. The report states: “Kochi import terminal is mechanically complete and expected to be commissioned by July 2013 (earlier guidance was of April). However, the initial volume will remain depressed with almost 10% capacity utilisation due to lack of pipeline connectivity to consumers. Management indicated that volume would pick up once Kochi-Bangalore-Mangalore pipeline is commissioned. Work is in progress in Kerala and Karnataka while 310km of the pipeline passing through Tamil Nadu is yet to receive state government clearance.”
 

Their new jetty, estimated to be over Rs1000 crore, at Dahej terminal is already under construction and is expected to be complete by the first quarter of 2014. It is expected to increase capacity by 5 million tonnes of LNG.
 

Also, during the quarter, Petronet LNG has had executed a preliminary conditional agreement with United LNG (a US-based firm) for supply of around 4 MMTPA of LNG for supply for 20 years through the Main Pass Energy Hub, which is been jointly developed by United LNG and Freeport McMoRan Energy. The binding LNG SPA is yet to be executed and is expected by the end of this year.
 

Its board of directors has recommended dividend of Rs2.50 per share for the year ended 31 March 2013.

User

COMMENTS

snehakamath

4 years ago

Despite good results and also being darling of investment recommendations, Petronet LNG have not flown high as expected , but appear to gather strength for some future move.Risk -reward is in favor towards long as share appears to have bottomed out.

Other share worth mentioning is GMR Infra , it gave a real jolt when it went down last couple of days typical of shares of high beta above 2.0 , However good news flow and the market crossing 6000 mark and closing a shade lower today pushed this share exponentially far higher than what it lost yesterday. This shows strength , with the RBI announcement tomorrow this being a high beta and also rate sensitive and have been taken a beating last several quarters, should watch if can cross the previous 52 week high in the current session itself , if market remains above 6000 level it will be a maximum of 4-5 trading days for this high beta to record next 52 week high. However strict stop loss is a must for this share.

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