Parchayi.com – Personal Finance Simplified

Before INP (Barclays India Exchange Traded Note) showed up, the only options other than regular mutual funds were the CEF’s – IFN (India Fund Inc.) and IIF (Morgan Stanley India Investment Fund). Both IIF and IFN were easily beating the Indian Market (BSE and NSE). Then came INP – An Exchange Traded Note. I won’t [...]

The India Fund Inc. now trades at a nearly 10% discount compared with a nearly 20% premium same time last year. The Indian stock market BSE index is now back over 14000 and stocks are doing well, however the premium on IFN does not seem to be improving. This is probably a good time to [...]

I opened a position in Tata Motors Ltd. a few days ago when the share price in Rs. dropped below 700. According to my ADR premium tracker, the premium on TTM had dropped to almost nothing (currently it is about 2%). Also TTM had dropped about 20% YTD then so I took that as a [...]

A few days ago, I opened a position in INP (Barclays Bank Zero Cpn ETN(ITR) – see my previous post on INP) increasing Parchayi and my investment in India to 16% of our total investments.
A breakdown of our portfolio (including all stocks and mutual funds) shows 98% investment in stocks, 2% in bonds (via some [...]

Barclay’s iPath MSCI India Index ETN (Exchange Traded Note) – INP (details here) is the newest way to invest in the Indian Stock market. INP is traded like a regular stock and tracks the MSCI India Index. It pays no dividends, just tracks the index.
The MSCI India Index is currently comprised of the top 68 [...]

India Fund Inc. premium as of Dec. 1 was only 3.69% which is extremely low for IFN especially with the strong bull market in India. The BSE is at record levels nearing 14,000 and shows no signs of stopping. Inspite of this IFN has remained steady for the last few weeks causing its premium to [...]

In a previous post, I mentioned that I did not get oversubscribed shares for the India Fund Inc. However, that is officialy wrong. The shares got deposited today! Yipee. Some more free IFN for me.

The India Fund Inc. withdrew money from my account for IFN shares assigned to me from rights. I did not get any oversubscribed shares as yet so I’m assuming I won’t get any. Overall, the rights offer wasn’t such a great deal as the fund premium dropped significantly. I sold some IFN shares to pay [...]

The India Fund Rights Offer Closed today. The offering price of the shares (95% of NAV at close on Friday) is $34.00, which would mean at a current price of around 38 represents a gain of 11%, far lower than I expected but still very decent for no effort. The Fund said shareholders subscribed to [...]

Shares from the India Fund Inc. (IFN) rights offer deposited in my Scottrade account today, one day before the close of the offer. Oversubscribed shares have not yet been deposited, so I don’t know if I will get any. I hope I do. As of last Friday, the premium on the fund was 15%. Stay [...]