First of all thank god that I sold off the stock yesterday itself. No Profit, No Gain as I sold off for Rs. 435 (I got 17 Shares @ Rs. 430). It was one of the most anticipated IPO in the Indian IPO Market yet it failed to give a premium for investors. Well, maybe its because of investor’s greed. I applied for the IPO only because of its demand I have read that lakhs of demat accounts have been opened just to apply for Reliance Power and many have applied under different names too. It was primarily due to its demand in the grey market where it was trading at a 100% premium.

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Grasim India Ltd. is part of the Kumar Mangalam Birla group and is among the top two producers of Cement in India. Grasim’s business comprises of Cement, VSF, Sponge Iron, Chemicals and Textiles. Other then being one of the largest players in Cement Grasim is the world’s largest producer of VSF with a global market share of over 10%. Grasim also owns a 53% stake in Ultratech Cement, which formed after the demerger of L&T’s Cement division.

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Insurance is seen as protection for one’s family against financial uncertainties that may result due to unfortunate demise or illness.

Insurance can also be used effectively as an investment vehicle. Proper planning can help minimize the drain taxation can have on your business or estate. Planning means you choose how your assets get allocated. It involves a step-by-step approach and ensures that you receive only expert advice. The result could be a plan customized just for you.

There are a variety of life insurance products specially structured to provide targeted benefits including - Unit Linked Insurance and Pension plans that offer equity linked returns.

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Infrastructure growth in an economy is often described as the growth engine of the economy. In the last 15 years Indian economy has witnessed a drastic change with services and manufacturing sectors driving growth vis-à-vis earlier periods when economic growth was dependent upon agricultural growth. As the Indian economy is opening to global economies the economy has started to grow at fast pace leading to prosperity in India.

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Fund Manager: Anurag Jain & Krishna Sanghvi

Fund Overview

Kotak Opportunities Fund is an open-ended diversified equity fund with a flexible investment style. It invests in sectors which the fund manager believes will outperform others in the short to medium term. The fund looks well positioned to increase concentration in sectors which look promising due to its flexible investment pattern.

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On the news of corporate actions like bonus, split, open-offers, mergers, acquisitions, dividends, rights, buy-backs etc., a stock suddenly takes off to a steep growth, providing enhanced returns to an investor in addition to the expected fundamental returns. Where, many would know that such actions jack up the stock prices, we have tried to introduce through this note a conceptual understanding of buyback of securities.

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The mutual fund universe is filled with hundreds of schemes. And this universe is expanding very rapidly. This is a good development. More schemes mean more choices for an investor. Also, the increasing competition amongst the Asset Management Companies (AMCs) has raised the fund management quality, improved the service standards and spread the investment culture.

But as the universe expands to unmanageably large size, it becomes increasingly difficult to spot the brightest of the stars. One has to patiently work through the universe using certain yardsticks and separate the brighter stars from the not-so bright ones.

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