17 September 2008

The Lal Street

This was due for quite some time now. Today is an important day. I got my ICICIdirect online trading account. Yeah I know.. I am late, but still all my reading and research confirms however hard I may banish myself to senescence, I am still very young in the investing world. So as they say during the yagna .. swaha ! Who knows, you may be witness to the new Fischer, Lynch and Buffet all rolled into one. Ha ha just trying to pep myself up.

Off course my best friend in this world... my blog will silently witness my experiences in this domain akin to Laxman's common man. The posts would be tagged as 'The Lal Street'. Let me start with the basics. I would be disclosing my investments, rationale (or lack of it :-)), performance, sentiments, et al. Nopes not the amount invested. I am sure all my readers know I take discretion to its quintessence. So lets start with my latest crush .. my mutual fund portfolio. Lets give it a nice name.. umm.. some Egyptian god ... Amun-Ra. Let that be a trend.. I shall name all my investments after Egyptian God names. I know, I know I am maaaad.

Let me tell you more about Amun-Ra. Amun-Ra is a sophisticated fund of fund which I have carefully constructed by buying various mutual funds. Namely - Reliance Diversified Power Sector Fund, DSP-ML Equity Fund, Franklin India Prima Fund, IDFC Premier Equity Fund, Lotus India Contra Fund, HDFC Arbitrage Fund, ICICI Prudential Infrastructure Fund and HDFC Top 200 Growth Fund. The whole rationale here is wealth preservation. I dont see Amun-Ra appreciating more than 15% even in bullish times, but I think (hope!!) the downside risk is also 10-15% only due to that arbitrage fund which should provide some hedging. Amun-Ra has been constructed after careful detailed analysis including simlations on moneycontrol.com Things I have considered are performance over 3 years or more, fund manager track record, sector & cap exposure and compatibility with other brothers & sisters chosen in Amun-Ra. I am yet to buy into the efficacy of debt funds, so they will have to wait for offering obeisance to Amun-Ra. One certain addition expected is an ELSS for tax saving purpose. I am looking at a long term relationship with Amun-Ra min 3 yrs. Lets see wether it bears fruit.

Ohh I forgot Ben Franklin above :-)

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2 comments

Blogger Radha kuchh to bolti...

What a terrible time to start investing! :)
Good luck to Amun-ra!

9:39 AM  
Blogger Neer kuchh to bolti...

ohhh so you did conquer the first steps to the throne!

my valor fails me when it "little green things" we deal in!

10:57 AM  

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