Money Today Archive January 10, 2008 Issue
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Edition: January 10, 2008

Cover Story

Vinesh Kriplani with Chetan Rajput

Foreign gains, Indian taxes

Investing abroad is fascinating and can be rewarding too—but only if you know as much about the potential returns as about the probability and rate of taxes. Senior tax professionals of Ernst and Young take you through the procedural details and tax implications.
  • Buy a google... ...or an Apple or Vanguard. Foreign stocks and funds are within our grasp, if you know how to buy and where they fit in your portfolio.
  • Shop around the world The $200,000 annual limit most probably includes the money Indians splurge on shopping abroad. Here’s what they spend on and where.
  • At home abroad With the rupee buying far more than it once did abroad, more Indians are exploring home buying options overseas.
  • Anywhere banking With remittance levels going up to $200,000, a non-rupee account makes sense if you want to take advantage of overseas investments.
  • All about global investing For over a decade, Indians have been global consumers. It’s time to take the first step to becoming global investors. We show you the options abroad.
Mutual Fund
Money Today and Plexus Management evaluate the Birla Sun Life Special Situations Fund and give you the report card.
  • 'Stick to a simple investment plan' Sandeep Kothari, fund manager, Fidelity Fund Management says, "In the short run, the stock market is driven by emotion; in the long run, by logic. So stay focused on the long term."
  • Don't lose your balance Your balanced fund may not be investing in equities and debt in the same ratio as you thought. It’s time you discovered its asset allocation mix.
Tax
Yes, Esops will attract fringe benefit tax at the time you exercise your option of taking the stocks offered by your company.
Technology
Ajay Singh
You may not have the whole world in your hands, but with a Universal Series Bus (USB) port you're nearly there. After all you can plug almost anything into a USB port now.
Stocks
We scan dozens of research reports from investment houses every fortnight to present you the six most relevant stock recommendations.
  • Doors that can open to profits Don't scoff at this metal door fabrication company. Shakti Met-Dor supplies customised doors for use in IT, telecom, pharma and residential applications. And there’s a lot of growth in store.
  • Using idle cash to buy blue chips Besides some new shares, our fund manager increases exposure to a few companies that will continue to be the engine of India’s growth story.
  • Pick good stocks even if costly One big lesson to be learnt from 2007 is that the market lurches from one emotional peg to another. This means you must buy with a good “margin of safety”.
  • Oil, steel stocks perform well Oil and steel stocks from a large chunk of high performers in the past three months.
Your Wallet
Price is not the same as value. The most expensive product isn’t always the best value for your money. This section highlights the least expensive model in a product category. If price is of no consequence, check out the most expensive model.
BASICS
Follow these financial resolutions and watch your wealth grow. Money Today gives you easy-to-follow guideline.
Portfolio Doctor
Bangalore-based Anand Paladhi must invest all his savings in equities through mutual funds to maximise the earning potential of his savings.
Books
Devangshu Datta
Using a simple style, this ambitious book aims to help lay investors overcome their fear of learning the basics of mutual funds. Though targeted at a US audience the book is useful to Indian readers too.
Query Corner
Congratulations to you on several counts. Firstly, you have a very clear vision of your financial goals. You will do well to start investing for these goals right away.
Editors Note
Rohit Saran
Combining high levels of enjoyment and income in a job is very difficult — if not impossible.
Talk Back
It will be incorrect to suggest names of mutual funds without ascertaining their suitability to an individual's investor profile and financial goals.
Upfront
Many of us have problems with our mutual fund agent — the dealer or distributor who mis-sold a fund. Can you change your fund agent without surrendering the policy you bought through him? Find out.
Now and Then
Let's take a closer look at how inflation affects your finances.
My Idea
A physician by profession, Tarun Sahni, 49, runs a sports academy on weekends.

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