I want to invest in sip plan 1000 rs. p.m for 3 to 5 year . please tell me how to calculate my getting units after the 5 year? It is sure atleast my invest money would be back to me?
what is sip? and what are the units? is there any link with the units itself ? we get the more units the value of the money will rise or not in what procedure they will follow
SUPPOSE I GIVE DATA /SHOW A BETTER EARNING OPTION.EASY BUT APERSON HAS TO GIVE SOME ATTENTION IN THE STOCK MARKET. NO GAMBLE-NO EXPERTISE REQUIRED ONLY STAYING IN TOUCH OVER PHONE ALSO HELPS.???THERE ARE WAYS TO EARN BETTER...DOUBLE THEN THE SIP GAINS ??? WANT TO KNOW ---PROFFESIONAL FEES APPLY. CONTACT email thaker3@rediffmail.com
RE:SIP COMPARE TO BETTER OPTION
by prashant sharma on May 04, 2007 04:56 PM
if u are such an expert why are u trying to make money of your knowledge this way? buy stocks yourself and make money. please dont hit and try on other fools who wil curse u later.
Fund: Prudential ICICI Growth Plan You invest: Rs 1,000 every month Investment date: June 2005 to May 2006
Date NAV Approx number of units you will get for Rs 1,000
Jun 7 46.29 21.603
Jul 7 48.08 20.799
Aug 8 52.78 18.947
Sep 8 56.36 17.743
Oct 7 58.42 17.117
Nov 7 56.42 17.724
Dec 7 62.14 16.093
Jan 9 67.58 14.797
Feb 7 71.70 13.947
Mar 7 76.19 13.125
Apr 7 83.97 11.909
May 8 89.92 11.121
Amount invested: Rs 12,000
Number of units accumulated: 194.925
Average cost of each unit: Rs 61.5621 ----------------------------------------- WHEN CAN ONE SELL ?? ANY LOCK IN PERIOD?? AND WHAT IS THE RETURN IN THE ABOVE SIP EXAMPLS ??
Micro Technologies is growing at rapid pace at more than 90% CAGR from last 3 years. Zicom is trading at PE of 20 while micro tech at 8. Micro tech is also having book value of Rs 145 and having reserve of 140 cr .This year they are going to reward share holder by giving bonus share. At all above they are now (from last year) having very good management on board. They are having unique product Micro VBB at least in India. Micro tech is only second company which got permission from Chief Controller of Explosives to install their product at explosive environment like petroleum. Micro tech had given contract to Madison for advertisement which will help to make their brand. They are having products with patent and continuously doing R&D for new product.
Note: I do not understand why the inverted commas are converted in to some numbers and garbled characters on Rediff!!
There is another article on rediff home page under 'Get Ahead', titled: 'Improve your English' [http://www.rediff.com/getahead/2007/may/03eng.htm 'I could not able to do it'] which says that 'Poor English makes you sound unprofessional and can lead to laughs at your expense!' Now-a-days it is getting fashionable to write incorrect and faulty English without hesitation. Many Indians feel proud in doing so. Why not?!! Because when they cannot write or pronounce their own mother tongue, HINDI, what to expect about this foreign language English!! Many readers may not have understood yet why I am writing about improving English in an article whose subject is Mutual Fund. Such readers will say or write a article / a honest man / a occupation / a incident / an SIP / an flower and so on. On the other hand, such readers and now the writer - Larissa Fernand has done this mistake when she has written in this article: %u2018First, let's state upfront that an SIP is not a mutual fund%u2019. Well, which English grammar in the world says that an SIP is correct? It is a SIP and never an SIP. But many Anglicized Indians or Hinglishmen (and women too) do not even know the correct spelling of grammar. They spell it as Grammer!! The chatting and SMS languages on the Internet and cell phone have given an easy and recognized way of using defective English %u2014 more particularly by students and inexperienced working class, i.e., junior level workforce. Nobody knows even the simple rules of English grammar and still such students score 90% to 99% marks in their academic exams in so-called English-medium schools and colleges and designated as Very Intelligent!! In addition to this, by speaking defective Hindi in an Anglicized accent, people try to show off that while their mother tongue might be Hindi but their Father Tongue was always English. They act as if speaking in their mother tongue (Hindi) is very difficult and insulting for them because they are Convent Educated!! ~Samudra crownjewel@rediffmail.com
RE:'What is an SIP?'
by debasish chakraborty on May 04, 2007 02:47 PM
"It is a SIP and never an SIP"
Dear Samudra,
The use of a/an is based on phonetics. When you say S-I-P, the first letter will be pronounced as ESS, which is a vowel sound. Thus, it requires 'an'. Larissa Fenand is perfectly correct. And even if s/he wasn't, it wouldn't have taken away much from the sum and substance of the article, which is on the benefits of investing through SIP.
Of course, I do entirely agree with the point that you were perhaps trying to make. Well-written articles are not only a pleasure to read but are also more credible.
There is another article on rediff home page under 'Get Ahead', titled: 'Improve your English' [http://www.rediff.com/getahead/2007/may/03eng.htm 'I could not able to do it'] which says that 'Poor English makes you sound unprofessional and can lead to laughs at your expense!' Now-a-days it is getting fashionable to write incorrect and faulty English without hesitation. Many Indians feel proud in doing so. Why not?!! Because when they cannot write or pronounce their own mother tongue, HINDI, what to expect about this foreign language English!! Many readers may not have understood yet why I am writing about improving English in an article whose subject is Mutual Fund. Such readers will say or write 'a article', 'a honest man', 'a occupation', 'a incident', %u2018an SIP%u2019, %u2018an flower%u2019 and so on. On the other hand, such readers and now the writer, Larissa Fernand has done this mistake when she has written in this article: %u2018First, let's state upfront that an SIP is not a mutual fund%u2019. Well, which English grammar in the world says that %u2018an SIP%u2019 is correct? It is %u2018a SIP%u2019 and never %u2018an SIP%u2019. But many Anglicized Indians or Hinglishmen (and women too) do not even know the correct spelling of grammar. They spell it as %u2018grammer%u2019!! The chatting and SMS languages on the Internet and cell phone have given an easy and recognized way of using defective English %u2014 more particularly by students and inexperienced working class, i.e., junior level workforce. Nobody knows even the simple rules of English grammar and still such students score 90% to 99% marks in their academic exams in so-called English-medium schools and colleges and designated as %u2018very intelligent%u2019!! In addition to this, by speaking defective Hindi in an Anglicized accent, people try to show off that while their mother tongue might be Hindi but their %u2018father tongue%u2019 was always English. They act as if speaking in their mother tongue (Hindi) is very difficult and insulting for them because they are %u2018convent educated%u2019!! ~Samudra crownjewel@rediffmail.com
