| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
This month's Fortune mentions a India Liberalization fund due
out in mid-October. It is managed by Alliance Capital
Management. But there is no contact number given. Anyone have
that information ?
Also Fortune pegs the prospective 1994 return for India at 30% to 50%.
What other ways are to get into the India Stock market on a
shoe-string (about $1000).
Thanks
Ram
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 593.1 | BROKE::SHAH | Amitabh "Leadership DECAF? Yuck!" | Tue Oct 19 1993 15:34 | 20 | |
Ram, For now, there's only the closed-end fund, India Growth Fund (NYSE: IGF) that you can invest directly into using your US broker. IGF has seen a good run-up in the last few months, after declining sharply before that due to the stock scandal in India. But the general economic liberalization process set in place by the current govt. coupled with low inflation in the current year (under 6%), good monsoons (stable agricultural prices) and good export growth (12-13%) all bode well for the Indian economy. I still see a 20-30% upside to IGF in the coming 12 months. You, as an expatriate Indian, can invest directly into India through an Indian broker, or check out other investment facilities provided by State Bank of India, Citibank India (800-CITI-NRI). If you do not know individual companies, you can buy into mutual funds such as MasterShare, CanShare, CanFund, etc. I don't think there are any strategic mutual funds in India, but I would consider buying into Indian high-tech companies (Wipro, HCL, PCS, etc.) | |||||
| 593.2 | stock listing of Indian Companies | JUPITR::SANDESH | Fri Jul 15 1994 16:49 | 13 | |
Hi!
What would be an easy way to obtain a listing of stocks of Indian
companies on wall street and/or Dalal street?
Thanks in advance
Sandesh
p.s. any advice for first time investing into the Indian stock market
would also be appreciated!
| |||||
| 593.3 | ASDG::MISTRY | Fri Jul 15 1994 20:43 | 10 | ||
The easiest way is to obtain a copy of India Abroad or similar
newspaper. It carries (limited) listings of BSE shares. The
Financial Times (London) ussually has the daily BSE index value
for broad market direction but does not have data for individual
scrips.
Kaizad
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