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Call them multi cap or flexi cap, these funds are not able to beat the market despite their flexible investment strategy, finds out ML Research Desk Mutual Funds are a business and the success of that business depends on just one thing: the amount of money that can be raised from retail...

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Over the past five years, Indian stockbrokers have expanded rapidly. Many of the leading ones like Motilal Oswal, India Bulls and Sharekhan now have hundreds of franchisees across the country. Simultaneously, online trading has spread like wildfire. But stock broking is not the best calling....

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The Times group was on the verge of launching e-wallet. It would have been convenient, but the rules are not clear and so the RBI has stopped it One of India’s most aggressive media groups, Times of India, was planning to launch India’s first electronic wallet (e-wallet). In an extremely alert...

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Large pools of long-term money from pension funds, sector-specific funds and private wealth are ready to get invested in India’s real estate sector Over a short but intense period of three weeks, I had the opportunity to meet over 80 fund managers, focused on real estate, spread across Asia,...

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The market is rising amid scepticism and there are more and more bullish voices in the air. We have been bullish for a short term before many of these experts turned positive mainly because of corporate performance and the short-term view of interest rates. In our previous issue, we...

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Winners and laggards of the three year bull market. Analysis by ML Research Desk The three years till May 2006 have been the best for equity investors in India in decades. The market rose more than 300% during this period, giving fund managers bragging rights and drawing in more and more...

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It is natural for managers to be difficult with their subordinates.  Here is how to handle this tactfully Recently, a senior executive from a large corporation was pointing out the pains of working with a highly egoistic boss. She said, “Since I am performing well and have been noticed by other...

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Many investors are hassled by the way demat rules are framed and implemented. Here is what to do about it Last week, K. Mallikarjuna Rao wrote to us about a curious problem. The Securities and Exchange Board of India (SEBI) has asked depositories to collect Permanent Account Numbers (PAN) from...

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Art offers one of the poorest returns, says a Merrill Lynch study. Why does that not surprise us? Art buying has reached sensational levels - both at cultural and financial levels. Fresh from earning money by selling commodities (Middle east, Russia and parts of Asia and Latin America) or...

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Each time the city bounces back, it lets off corrupt officials and politicians It has been a deadly fortnight for Mumbai - India’s commercial capital. First incessant rains threw the city out of gear for five days, exposing fake claims of preparedness by the municipal corporation and...

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A recruiter-candidate association has several dimensions. Here is what you need to know to make the best of it When searching for a job, it is never quite easy to understand how to effectively manage your recruitment consultant. Most people are unsure of the interaction process as well as the...

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The best of companies like Maruti would drop their pretence about consumer satisfaction and pull out all stops to prevent an adverse legal precedent, warns Sucheta Dalal Maruti Udyog is obviously like the little girl in the nursery rhyme -- when it is good, it is very very good and when it is...

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There is a rush among mutual funds to create fancy investment strategies and incorporate hedging for virtually any kind of portfolio. Should that worry you? Hedging is supposed to protect a fund from extreme market moves. But the idea of hedging through derivatives itself has started to get a...

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When it comes to services that require human interface, India is going to rule the world After a gap of almost 10 years, I traversed the globe. This gave me a good perspective of India’s progress and also what is perhaps one big yawning deficiency in us. I have come back from this trip with...

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Chennai is currently the most attractive destination for offshoring services in India, observes Gaver Chatterjee Stretching along an expanse of 19 km on the magnificent Coromandel Coast, Chennai, popularly known as the “Gateway to the South”, is today a hotspot for considerably more than the...

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“Earnings will be good and therefore stocks will go up”. The market trashes this kind of facile short-term punditry of media and brokers time and again. But few investors seem to be bothered For weeks before the earnings’ season began, the entire media, especially the television media, has been...

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When foodies masquerading as editors (including your correspondent) start showing off their taste for sliced truffles and other hideously expensive culinary tidbits in their columns, hit back with a dictionary. Ask the mycophagous fellows where they get their Rabasse de Provence. Now any...

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Banks, policy makers and companies have increasingly understood that rural India is the place from where the next growth impulse will come from. The government is allocating huge amounts of money for various rural schemes; Reliance, Bharti and ITC are focused on creating profitable linkages with...

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Some do-gooders may end up undermining the Right to Information Act, finds Sucheta Dalal MoneyLIFE started this section by pointing out how the Right to Information (RTI) Act has been one of “the most empowering tools handed to socially-conscious Indians in over half a century since...

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Benefit from capitalism can emerge only from collaborative efforts, each for the good of all, suggests Shreedhar Kanetkar Do companies exist solely to make profits for their shareholders? Or do they owe something to the society? Think before you answer, for the facts may surprise you - and a...

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