Sunday, March 29, 2009

Start your own business or earn some extra money on the side

During this tough economy you want to bring in money that will help supplement your income from your day job. The internet is the best place to do that, but you can also do jobs during the weekend when you are not working. If you are good at something then you should take that and run with it. If you are good at fixing computers then start a weekend repair business. If you can get enough clients then you can live with out worrying that you can’t pay for your morgage or stuff like that. I am just saying take what you are passionate about and run with it.

I have done computer work on the side and it has been great to get extra money so that I can go out with my friends or buy somethong that I want. I read at story in my local paper about people starting up their own business during this rough economy. One guy is starting a popper scopper business. Another lady is starting a design business where she paints her own pictures and then try to sell them to business or people trying to furnish their homes. There are also tones of different ways to make money online. You just need to find the way. Hopefully I sparked something that will help you earn extra money.

Tuesday, March 24, 2009

Capitalist economy

Today we will see what is capitalist economy. The main characteristic of a capitalist economy is the existence of private enterprise in the main sphere of production and the operation of the price mechanism by which buyers and sellers determine what goods and services will be bought and sold in the market, in what quantities and at what prices. By private enterprise is meant a system of production that is based on private ownership of capital which is the general name for all kinds of property needed for production.

Capital can be physical assets like land, factories, and machines, or it can be money and other financial assets which are necessary for owning and operation firs and businesses. Production in the capitalist economy is controlled by owners of capital who operate for their private profit or gain.

However, in almost all modern societies the profit motive is controlled by the state and kept within a limit to meet certain social objectives such as protecting the consumers, safeguarding the minimum wages of the workers, or not allowing the environment to be over polluted.
This is all about capitalist economy. It simple means that you can have your own property and nobody is there to question about your property.

Friday, March 20, 2009

Premier liquid fund

Magnum institutional income fund was launched on November 17, 2003 as an open ended scheme. The name of the scheme was changed to sbi premier liquid fund with effect from March 23, 2007. Also four new options were launched under super institutional plan. An open ended liquid scheme, the objective of the scheme is to provide attractive returns to the magnum, unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt and money market instruments.

The scheme has the flexibility to invest in the entire range of debt instruments. This scheme is suitable for investors having a short term investment horizon and seeks very high levels of liquidity for their investments. This scheme would endeavor to generate consistent returns commensurate with very low levels of interest rate risk. The scheme would primarily invest in short enor instruments of residual maturity up to an year.

Wednesday, March 18, 2009

Magnum gilt fund

Magnum gilt fund- long term fund

An open ended gilt fund, the objective of the scheme is to provide the investors holder with returns generated through investments in government securities issued by the central government and a state government. The scheme investments would be made in government securities consistent with the view on macro economic and liquidity scenario. The scheme would also seek to maximize returns based on intra day trading positions. The scheme carries higher interest rate risk.

Magnum gilt fund short term

The scheme carries a moderate interest rate risk as the funds will be normally managed to a maximum average portfolio maturity of three years.

Sunday, March 15, 2009

Magnum taxgain scheme

In the last post we saw about magnum equity fund and magnum multiplier plus. Today I thought of discussing about magnum taxgain scheme. This was launched in 1993. An open ended equity linked savings scheme.

The objective of the scheme is to deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investments made in the scheme under section 80c of the income tax act 1961 and to distribute income periodically depending on distributable surplus.

Magnum taxgain deliver the benefit of investment in a portfolio of equity shares, while offering tax rebate on such investments made in the scheme under sec 80c of the income tax act, 1961. The portfolio strategy is to make long term investments in stocks consistent with the average duration of investor funds.

To invest in companies in all the market cap segments through both top down and bottom up investment philosophies. The motive is to invest in companies with sustainable and scalable business models which can lead to significant out performance in the log run. The net asset value is given as follows.

The dividend option is Rs 41.50 and growth option is Rs 51.00. The corpus value is about Rs 755.35 crores. So in the upcoming posts we shall see more about the other schemes.

Friday, March 13, 2009

Magnum equity fund and multiplier funds

Magnum contra is a diversified equity fund that adopts a contrarian approach. It aims to invest in undervalued scripts, which may be currently out of favor either in terms of investor preference of valuation perception. To identify stocks across sectors utilizing both a top down and bottom up approach. The fund has no bias for large cap or id cap stocks. It follows proactive portfolio management enabling entry and exit before the herd mentality sets in.

Magnum sector funds umbrella FMCG

To invest in a balanced portfolio of FMCG stocks that would enable the investors to be part of the exciting growth in the domestic market.

Magnum Sector Funds Umbrella EBF

The objective of this fund is to invest in stocks of sectors which are considered emerging at a any point of time to invest at a time when the market capitalization of stocks in such sector is small relative to the size of the opportunity on account of global/ domestic outlook. To create value for investment through early identification of stocks that is likely to outperform in the future.

I think its enough for today. In the upcoming post we will discuss more about the mutual funds available.


This is a blog where I will be sharing my thoughts about anything I find interesting. There are many interesting topics to discuss and that is why I am sure I will not run out of ideas. Since there are so many things happening around us every day, there are always some topics to write about. I hope that you will have fun visiting this blog! Feel free to browse the blog by categories if you are only interested in some topics.


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