ALTERNATIVE INVESTMENT


Moneylife Digital Team 22 June 2011
Investors say paintings in which they invested were priced too high and hence could not find any buyers. Copal not too keen on promised buyback, says it was a “goodwill gesture” Investors, who put their money into art funds launched by Copal Art in 2006, have alleged that they have been...

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Moneylife Digital Team 08 June 2011
The price of gold in India has been on a bull run for the last 13 years. Are gold prices nearing a bubble?  Big investors and researchers predict that gold is headed towards a bubble. In January last year, George Soros, the famous Hungarian-American billionaire investor and stakeholder...

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Moneylife Digital Team 16 May 2011
HDFC Bank sells silver at over Rs70,000 when the National Spot Exchange sells it for around Rs53,700 and the local jeweller sells silver for Rs55,000! And gullible customers are buying Banks have hit upon a new idea to get a larger share of your wallet-retailing gold and silver. While...

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Gold is not an investment, but a speculative asset, influenced mainly by the dollar and US interest rates, explains Debashis Basu with a detailed analysis. But if you do want gold in your portfolio, we tell you the cheapest and best options, in a companion piece It is hard to get an...

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Looking for the cheapest and best option to invest in gold? Raj Pradhan offers a guide In the previous piece, we have explained why gold is not an investment; it only moves with the dollar and rupee exchange rate and, most importantly, the negative real interest rate in the US. Most of...

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Moneylife Digital Team 04 April 2011
High prices have not slowed demand; gold as investment will have to compete with a wider range of options India's cumulative annual demand for gold is expected to increase to over 1,200 tonnes by 2020, an estimated growth of 30%, according to the World Gold Council (WGC). This is valued...

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Debashis Basu  and   Dolly Mirchandani 24 March 2011
Investing in gold has been inconvenient till now. Buying it from the neighbourhood jeweller is easy, but storing it is risky. You can buy gold ETFs, but you cannot convert them into physical gold. The new e-Series products from NSEL allow you to hold gold in demat form and convert it into...

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Moneylife Digital Team 14 February 2011
Designed for retail investors, E-Series is an innovative investment product which lets you buy gold, silver, copper and zinc from NSEL’s pan-India electronic trading platform and have them transferred to their demat account The National Spot Exchange Ltd (NSEL) has launched what is called as...

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V Ananthakrishnan 12 October 2010
Borrowing against gold is becoming more popular as the yellow metal’s price reaches for the stratosphere and Indians lose their inhibitions over pledging their family heirlooms as collateral. Is it safe to do business with these gold-loan companies?  In the previous part of this two-part...

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V Ananthakrishnan 11 October 2010
Borrowing against gold is becoming more popular as the yellow metal’s price reaches for the stratosphere and Indians lose their inhibitions over pledging their family heirlooms as collateral. Is it safe to do business with these gold-loan companies?  Of late, we see a number of advertisements...

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Moneylife Digital Team 03 August 2010
The yellow metal’s phenomenal jump in valuation, steady interest rates and instant sanctions of loans, aided by the receding stigma of borrowing are driving more and more people to take this loan route The loans-against-gold business has achieved much traction in recent years and players...

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Standard Chartered Bank (Stanchart) of the UK is in line to become the first issuer of Indian Depository Receipts (IDRs) after it obtained a green signal for its fund raising from the Reserve Bank of India (RBI). Stanchart will now file a prospectus with the Securities and Exchange Board of...

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Amritha Pillay 09 March 2010
The art house plans an auction this month, proceeds of which would be used to redeem the art fund. However, Osian officials claim that a major chunk of the redemption amount would be paid before the auction After months of delay in redemption of the Osian Art Fund, the art house would be...

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Sanket Dhanorkar  and   Ravi Samalad 05 March 2010
Several broking companies are promoting and encouraging individual investors to dabble in highly risky currency derivatives While most investors would think twice before investing in stock futures or even stocks, the thought of putting their hard-earned money in currency derivatives would...

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Amritha Pillay 09 February 2010
A number of investors who invested in the Osian Art Fund through ABN AMRO are still awaiting first payments. As per sources, there are more than 100 such investors Seven months after a poor exit in July 2009, not all investors in the Osian Art Fund have been paid their first instalment of...

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Amritha Pillay 06 January 2010
Neville Tuli, chief advisor of the Osian Art Fund, believes that the Fund would have performed better given a longer lock-in period and better market conditions. The fund disappointed investors with poor returns in July 2009 Investors admit that the Osian Art Fund was a genuine case of...

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Osian Art Fund fetched poor returns for investors and bad publicity for Osian and drove a hard lesson about speculation and ‘wealth management services’ We have always been sceptical about fancy investment ideas, especially involving products that are illiquid, sold after a prolonged rally...

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Amritha Pillay 28 December 2009
It has been a fortnight since Osian Art Fund has promised the first part-payment, but around 85 investors are still waiting for the same About 15 days back, Osian Art Fund sent a mail to its investors saying that it had started the process of redeeming their capital and all unit-holders would...

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Amritha Pillay 15 December 2009
SEBI failed to regulate the Osian Art Fund under its regulations covering Collective Investment Schemes, despite its own advisory against unregulated art funds in 2008 The Securities and Exchange Board of India (SEBI) has a mandate to regulate what are called as collective investment schemes...

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A fool and his money are soon parted, the saying goes. Obviously, pathetic returns come in when an ’art’ fund is managed by an Investment Banker type. And valuation is so iffy that the winding-down realisation is at huge odds with the so-called ‘declared’ asset value. What is interesting is...

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