Fwd: Today's Exclusives -Fund managers lose investors' money in RIL stock as part of a "strategy"

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From: Moneylife <noreply@moneylife.in>
Date: Tue, Oct 18, 2011 at 6:25 PM
Subject: Today's Exclusives -Fund managers lose investors' money in RIL stock as part of a "strategy"
To: palashbiswaskl@gmail.com

 

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18 October 2011   Moneylife Exclusive Fund managers lose investors' money in RIL stock as part of a "strategy" Debashis Basu A total of 57 of the 100 largest equity schemes have Reliance Industries as a top 10 holding. Not because RIL has been a great stock, but because it is a Sensex and Nifty heavyweight. Funds don't want to stray too far away from the benchmarks!     Exclusive Column     Lease-rental for cars is not a smart option for individuals Vinita Deshmukh Operational leasing for private vehicle owners will start making sense only when manufacturers start reducing prices of their sedans to more sensible levels, relative to two-wheelers and 'ordinary' hatchback cars...       Other ML Exclusives   Funds for any season Are you the kind who wants equity mutual funds to perform but not leave you deeply worried when the market falls? Here are schemes from 14 fund houses that may be worth looking at. A report by our Mutual Fund Research Desk... ............................................................................................................................................. Osho Commune: Is this the first step towards winding it up? Pune's Osho Commune is embroiled in controversy since the past few days regarding its petition in the Charity Commissioner's office in Mumbai to "gift'' a part of its property to an obscure trust. Is it just a property deal or an attempt to shut shop?... .............................................................................................................................................. Daily Market Report: Share prices headed lower The next support for the Nifty is at 4,970. Volumes were sharply lower in today's fall... .............................................................................................................................................. RuPay, India's first domestic real-time payment processing system, to be launched in March 2012 For the RuPay launch, the National Payments Corporation of India is waiting for PoS clearance to kick off the service which is set replace the processing systems of global majors like VISA and MasterCard... .............................................................................................................................................. RTI amendment: Private Bill seeks changes in Act to dilute the legislation; wants applicants to give reasons for seeking information Politicians across party lines are facing the heat from social activists, so they want certain provisions of the RTI Act to be toned down. But activists cry foul; consider any amendment to the RTI Act as 'dangerous and regressive'... .............................................................................................................................................. Five X, a demerged arm of Octant Industries, leaves investors in limbo The company was demerged 10 months back though it is yet to be listed; SEBI approved the listing after eight months but now BSE is yet to give its nod... .............................................................................................................................................. MFIN-NACER study unearths agents' role in microfinance, but does not find these middlemen in Chennai Agents have spread their tentacles far and wide across the country, and they are breeding resentment against MFIs. The MFIN-NACER study acknowledges the presence of these middlemen, but the report has a number of loose ends... .............................................................................................................................................. New launches: Honda's new Brio Is it a small people's car or is it a small luxury car?... .............................................................................................................................................. Personal finance today - Sundaram MF launches Capital Protection Oriented Fund 5 Years (Series 3) - Kotak Mahindra MF introduces 370 days fixed maturity plan - DSP BlackRock MF unveils 3 months fixed maturity plan   ON STANDS NOW At a Glance   - Two core members quit Team Anna; miffed at 'political' turn - Need to understand young workers to avoid strikes: Maruti - Petronet LNG posts 98% growth in Q2 net profit to Rs260.33 crore - Coal India asks govt to lower FY11-12 production target to 448MT - EC to crack down on black money use in forthcoming polls   Corporate Wrap-up   - Tata 407 celebrates silver jubilee year - Motilal Oswal Financial Services Q2 net profit stands at Rs34.95 crore - MindTree reports profits in Q2 Moneylife Columns     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...     Maruti Suzuki industrial unrest at Manesar: The inside story Veeresh Malik The strike at the Maruti Suzuki plant at Manesar has entered the 5th day. Production has stopped and the workers have taken over the plant, staging a 'sit-in' protest. What has fuelled this ugly face-off?       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   Chinese slowdown inevitable now The economy grew 9.1% in Q3 from a year earlier, the slowest pace since 2009; banks are faced with more bad-debt risks; funding for small businesses is drying up and local governments have to repay huge amounts of outstanding loans. Rail projects and road building have also been halted due to a cash crunch. ...................................................................................................................................................... French ratings review: Time to say goodbye to the euro-zone Moody's may slap a negative outlook on France's ratings—this could be the last straw for the crisis-plagued euro-zone. ...................................................................................................................................................... As the economy slows down, Americans are moving north Canadian immigration lawyers are reporting a deluge of calls from US citizens; last year, a record number of Americans had applied for Canadian work visas. ...................................................................................................................................................... Around 4 million Brits hit by identity theft The average cost of a single ID theft is £1,190—but a few have been hit to the tune of £9,000 each. ...................................................................................................................................................... When will Apple launch its iPad 3? March 2012 could be the probable release date, says this report. ...................................................................................................................................................... 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   FDs vs Fixed Income: Bonds funds, anyone? Bond funds or income funds are seen as safe investments. Are they really?... ...................................................................................................................................................... Gurgaon unrest: Speed money helps a few, honest players feel the heat The labour unrest in Haryana's industrial belt has affected all players, but minor businesses like auto-ancillaries find that taking the straight route is not getting them anywhere. However, some palm-greasing with a wink and a nod can get you places, despite the slowdown...     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.

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