Comments on: Results of the India Fund Repurchase Offer http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/ Introduction to Investment, Credit and Personal Finance for Us Regular Joes Mon, 01 Dec 2008 19:41:38 +0000 http://wordpress.org/?v=2.6.1 By: Asad Subedar http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1348 Asad Subedar Wed, 03 Oct 2007 19:02:17 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1348 Hello Sidd, Just wanted to mention that Ameritrade deposited the money late Friday evening so it seems they were 2 trading days behind Scottrade. This is unfortunate since I would have liked to repurchase the shares before the upwards movement. But it seems I have the same strategy as you, wait until it dips below $50. I remember earlier this year my limit was sub $40 and it was difficult not to pull the trigger beforehand. Happy trading! Thanks, Asad Subedar Univ. of Florida Hello Sidd,

Just wanted to mention that Ameritrade deposited the money late Friday evening so it seems they were 2 trading days behind Scottrade. This is unfortunate since I would have liked to repurchase the shares before the upwards movement. But it seems I have the same strategy as you, wait until it dips below $50. I remember earlier this year my limit was sub $40 and it was difficult not to pull the trigger beforehand. Happy trading!

Thanks,
Asad Subedar
Univ. of Florida

]]> By: Sidd http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1347 Sidd Thu, 27 Sep 2007 15:49:03 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1347 Asad, The money was deposited a few minutes ago. (about 11am today) Siddharth Asad,

The money was deposited a few minutes ago. (about 11am today)

Siddharth

]]> By: Sidd http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1346 Sidd Wed, 26 Sep 2007 17:39:55 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1346 Dave, You are confusing Indexes (Indices?) with Index Funds. S&P 500 is an index while SPY, VFINX etc. are Index Funds that are based on the S&P 500. India has Indices too. <a href="http://finance.yahoo.com/q?s=%5Ensei" rel="nofollow">Nifty</a> and <a href="http://finance.yahoo.com/q?s=%5Ebsesn" rel="nofollow">Sensex</a>. If you are investing from the US, INP is as close to an Indian Index fund as you can get. INP is not really a fund but it tracks the top 68 stocks on the National Stock Exchange in India including dividends. Dave,

You are confusing Indexes (Indices?) with Index Funds. S&P 500 is an index while SPY, VFINX etc. are Index Funds that are based on the S&P 500.

India has Indices too. Nifty and Sensex. If you are investing from the US, INP is as close to an Indian Index fund as you can get. INP is not really a fund but it tracks the top 68 stocks on the National Stock Exchange in India including dividends.

]]> By: Dave Nofmeister http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1345 Dave Nofmeister Wed, 26 Sep 2007 17:10:45 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1345 I know this is a bit off of topic, but does India have any good index funds? For example, the American S&P 500 has been a big index fund for some time. Thanks! I know this is a bit off of topic, but does India have any good index funds? For example, the American S&P 500 has been a big index fund for some time.

Thanks!

]]> By: Asad Subedar http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1344 Asad Subedar Tue, 25 Sep 2007 14:51:25 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1344 Hello again Sidd, Since you utilize Scottrade and I utilize TD Ameritrade could you please let me know when the deposit is made by them. I am curious to see if they are both different since Scottrade allowed the repurchase decision to be made until Friday while TD Ameritrade wanted it to be done by Tuesday. Thanks, Asad Subedar Univ. of Florida Hello again Sidd,

Since you utilize Scottrade and I utilize TD Ameritrade could you please let me know when the deposit is made by them. I am curious to see if they are both different since Scottrade allowed the repurchase decision to be made until Friday while TD Ameritrade wanted it to be done by Tuesday.

Thanks,
Asad Subedar
Univ. of Florida

]]> By: Sidd http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1343 Sidd Mon, 24 Sep 2007 18:21:26 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1343 Ben, I have edited and approved this comment but will not approve your next one because you are spamming my blog with ads for yourself. I know what asset allocation is and I periodically post <a href="http://www.parchayi.com/2007/07/16/asset-allocation-with-morningstar-instant-x-ray/" rel="nofollow">my current and target asset allocations</a>. Ben,

I have edited and approved this comment but will not approve your next one because you are spamming my blog with ads for yourself.

I know what asset allocation is and I periodically post my current and target asset allocations.

]]> By: Ben Lawler http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1341 Ben Lawler Mon, 24 Sep 2007 18:13:09 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1341 Asset Allocation: Why Style Diversification Makes Sense If you are one of the many Americans who believe your best investment strategy is to buy low and sell high, you may want to explore the merits of asset allocation. Studies of some of America’s major pension funds have shown that an asset allocation policy is the major determinant of portfolio performance. ..... Asset Allocation: Why Style Diversification Makes Sense
If you are one of the many Americans who believe your best investment strategy is to buy low and sell high, you may want to explore the merits of asset allocation. Studies of some of America’s major pension funds have shown that an asset allocation policy is the major determinant of portfolio performance.

…..

]]> By: Sidd http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1340 Sidd Mon, 24 Sep 2007 18:04:59 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1340 Yes that is correct. The $ price was 1.64% less than the price in Rs. The page takes the current price of TTM compares that with the current price in India at the current exchange rate. Yes Scottrade accepts decisions upto 10am on the day of the expiry of the offer. Yes that is correct. The $ price was 1.64% less than the price in Rs. The page takes the current price of TTM compares that with the current price in India at the current exchange rate.

Yes Scottrade accepts decisions upto 10am on the day of the expiry of the offer.

]]> By: Asad Subedar http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1339 Asad Subedar Mon, 24 Sep 2007 17:31:31 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1339 Hello Sidd, So as an example at current prices would Tata Motors be a company you would invest in (1.64% discount)? I will follow them over the next few months to see how the premium/discount plays out. In regards to an NRI investing directly in the Indian market I will ask my parents if they can open up an account for me under their name once I find out what kind of account to open up in the first place. Verifying the tax implications for them first though. Also I read that you trade through Scottrade and that you had the option of accepting the tender offer until Friday, is this correct? I am with TD Ameritrade and I had to make my decision 3 days in advance on Tuesday. Thanks, Asad Subedar Univ. of Florida Hello Sidd,

So as an example at current prices would Tata Motors be a company you would invest in (1.64% discount)? I will follow them over the next few months to see how the premium/discount plays out.

In regards to an NRI investing directly in the Indian market I will ask my parents if they can open up an account for me under their name once I find out what kind of account to open up in the first place. Verifying the tax implications for them first though.

Also I read that you trade through Scottrade and that you had the option of accepting the tender offer until Friday, is this correct? I am with TD Ameritrade and I had to make my decision 3 days in advance on Tuesday.

Thanks,
Asad Subedar
Univ. of Florida

]]> By: Sidd http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1338 Sidd Mon, 24 Sep 2007 17:18:01 +0000 http://www.parchayi.com/2007/09/24/results-of-the-india-fund-repurchase-offer/#comment-1338 Generally it is overvalued in the US (in my opinion) but that has always been the case for Indian Techs. There have been times when the premiums were>50% I am an NRI but I don't invest in India directly yet. I have no idea what the tax situation would be. I do know that NRis can open accounts with Indian banks and trade stocks etc. on Indian markets and if you find someone who does that, I would like to know. Generally it is overvalued in the US (in my opinion) but that has always been the case for Indian Techs. There have been times when the premiums were>50%

I am an NRI but I don’t invest in India directly yet. I have no idea what the tax situation would be. I do know that NRis can open accounts with Indian banks and trade stocks etc. on Indian markets and if you find someone who does that, I would like to know.

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