[04:31:41 PM] => Welcome to the live chat session at myiris.com
[04:32:24 PM] => Myiris : Mr. R.K. Gupta is the Fund Manager - Taurus Mutual Fund will be joining us shortly

[04:32:48 PM] => DISCLAIMER
[04:33:17 PM] => Mr. R.K. Gupta is the Fund Manager - Taurus Mutual Fund. At the time of this conversation / chat, Mr. Gupta may or may not have positions in the stocks mentioned below, although holdings may change at any time.
[04:33:48 PM] => The views expressed by Mr. Gupta is based upon information that he considers reliable, but does not represent that it is accurate or complete, and it should not be relied upon as such. Mr. Gupta, his company and its affiliates, officers, directors, partners, and employees may, from time to time, have long or short positions in, buy or sell and deal as principal in the securities, or derivatives thereof, of companies mentioned herein and may take positions inconsistent with the views expressed. None of the information contained herein constitutes, or is intended to constitute a recommendation of any particular security or trading strategy or a determination that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You should consult with and rely upon your own advisors whether and how to use such information in making any investment decision.
[04:34:30 PM] => Lastly the views expressed by Mr. Gupta have no bearing whatsoever with that of IRIS Ltd. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website www.myiris.com.

[04:35:27 PM] => Myiris : A very warm welcome to Mr. Khanna and all the participants
[04:38:29 PM] => RKG: Thank you. I am happy to be present with u all.

[04:39:18 PM] => GOPI25: Which are the best and the worst type of investment to be done at these times ?
[04:39:51 PM] => RKG: We can tell u which r the good investment where reasonable return is possible. It is opractically not possible to tell u which is best and worse possible investment.

[04:40:38 PM] => VERNIKA: How is out look for hcl technology ltd
[04:42:16 PM] => RKG: At the current market price of around125 investment can be considered for the trading purpose.

[04:45:04 PM] => ckmalde: What is your perceptions for another 5 years on Indian economy in general and ICICI ltd in particular?
[04:46:16 PM] => RKG: By and large Indian economy is insulated form global turmoil on account of various restrictions. Incidentally these restrictions have come as blessing in disguise in the present volatile global economic scenario. Therefore growth in the Indian Economy is though� slow but looking at the availability of resources the present growth is sustainable provided we r able to check the population growth.

[04:48:57 PM] => kamathyogi: I have taken a 200 VSNL Shares from Broker so, every shareholder have eligible?
[04:49:39 PM] => RKG: though your Q is not complete but I think, u want to know whether u will be entitled for the dividend of Rs 50 per share announced by VSNL. If the shares r transferred in your account u will be entitled to the dividend. In case u have purchased these shares as cum dividend from the broker then u can claim the dividend from the broker in case u have not recd the credit of shares in your account before the record date.

[04:52:58 PM] => solanki: SHOULD I HOLD PENTA MEDIA?
[04:53:18 PM] => RKG: I think at the present rate it is not advisable to sell the stock, though� scrips are likely to be de-listed from the Mumbai stock exchange for a short duration. U can sell the stock when this embargo is lifted after some time.

[04:57:27 PM] => Prajas: Many mutual funds in 1999-2000 were launching sectoral funds in a big way. Now after the meltdown of ice stocks sectoral funds seem to go out offavours of MFs and investors. Now every mf is queuing to launch index funds.Is there a market of so many index funds?
[04:57:43 PM] => RKG: MF also launched the sectoral fund in 1999-2000 coz� there was a huge demand for such type of a funds. Now looking to the present scenario after the intro of the index feature demand for the index fund is rising. We do not foresee any difficulty in mobilizing the money in the Index funds in the near future.

[04:58:34 PM] => Anurag: Will mutual funds do better than the market?
[04:59:03 PM] => RKG: Tho� MF particularly equity schemes, are the replica of stock markets, but under normal circumstances MF are supposed to do better than the markets.

[05:00:34 PM] => Sameer 56: How safe is investing in Equity funds?
[05:00:51 PM] => RKG: We have witnessed an interesting development, in the equity funds normally large investments come when the NAV is high and r facing redemption pressure when NAV is low. In actual practice investor shld adopt the reverse pattern, therefore looking to the present NAV of various equity schemes investment can be considered for the medium term as NAV are at very attractive level.

[05:03:11 PM] => Krishna N: What�s your assessment of Taurus� performance?
[05:03:33 PM] => RKG: Performance of the TMF schemes is directly related to the equity market. After the recent crash and the introduction of rolling settlement we r in the process of restructuring the portfolio along with hedging mechanism. We r sure that in times to come the performance of various schemes to come will improve further.

[05:05:01 PM] => Nikhil9: Is there any new schemes in the offing from Taurus?
[05:05:16 PM] => RKG: Recently TMF has launched Bond Fund and the Gilt Fund. Besides these 2 new schemes TMF has introduced a new concept of safety net in Libra LeapScheme. Through� this concept we r ensuring that there will not be any erosion of your capital and upside movement in the NAV is your gain.

[05:07:11 PM] => Raghunandan: Suppose I have with me Rs.100000/- to invest, How and where do I invest, considering the volatile situation both in the Stock and Bond Markets?
[05:07:30 PM] => RKG: Looking at the present scenario ands considering that your investment shall be for 6-8months time u can consider to invest 50% in equity 30% in bonds and the balance 20% in the gilt schemes.

[05:09:19 PM] => Nisha Patil: Can you suggest one good pick each from Pharma & FMCG sectors?
[05:09:34 PM] => RKG: In Pharma Ranbaxy, in FMCG Nestle.

[05:09:59 PM] => Mahesh K: What do you think for the market in a one-month horizon?
[05:12:22 PM] => RKG: We feel that the market may remain in the next one month range bound, between 2500-3200.

[05:12:48 PM] => Akhilesh: Your views on Indian economy in the short -term?
[05:13:02 PM] => RKG: In short term Indian Economy will remain under pressure, deficit is likely to go up, expenditure will mount up. Indian rupee will remain under pressure. Domestic market will continue to be hard pressed on account of dumping from various South Asian countries.

[05:16:31 PM] => Sunny Cherian: In the short term in the Tech Sector, which is the best Strategy?
[05:17:13 PM] => RKG: In the short term in the tech sector, The best strategy is to trade in a particular stock instead of remain invested.

[05:17:44 PM] => Sawant S: Does it make sense for an investor to invest in ELSS schemes? What are the benefits vs other tax saving instruments?
[05:18:26 PM] => RKG: As far as the tax benefits r concerned there is no difference as far as ELSS schemes as well as other instruments. However, the dividend in ELSS scheme is tax free, besides there is a scope of capital appreciation which is not available in any other tax saving instruments.

[05:20:42 PM] => Preethi G: Should one invest in sector specific mutual fund schemes?
[05:20:59 PM] => RKG: Based on our recent experience, It is advisable to remain invested in diversified MF schemes, rather than sector specific schemes.

[05:21:36 PM] => Ashok M: What do you think are the strengths of Taurus MF?
[05:22:46 PM] => RKG: TMF is an upcoming MF, and inspite of small corpus, returns are comparable with other large funds. With the increase inflow in the corpus TMF will be in a position to provide better returns in comparison to the other larger players in this field.

[05:23:20 PM] => Gujju89: Why is that no fund manager was able to foresee a crash coming?
[05:23:38 PM] => RKG: We as a fund manager, can foresee rise and fall in the market, based on our various analysis,However the tragic events of the century on sep11 2001 no fund manager cld foresee such a situation.

[05:24:06 PM] => Thapar kiran: What do you believe are the sectors to invest in at the moment?
[05:24:25 PM] => RKG: Auto, Infrastructure, FMCG, Media, Pharma, Telecom, etc r the sectors which shld be considered.
[05:25:06 PM] => JS 01: What is future of gilt fund (45 days to 90 days)?
[05:25:19 PM] => RKG: The future of GILT fund is always bright only the return varies from time to time, the Investment is almost risk free and provides safe and regular returns.

[05:26:23 PM] => Gowardhan7: Which are the stocks you invest in bear market, the stocks which have fallen more or stocks which have remained fairly stable?
[05:26:36 PM] => RKG: Going by the beta values,of stocks, it is advisable to invest in stocks which have fallen more.

[05:27:29 PM] => Trupti Mohopatra: Is this the right time to invest for the small investor?
[05:27:42 PM] => RKG: Yes it is the right time to invest atleast part of the investment be made now.

[05:28:27 PM] => Soprano: What is your view on the interest rates 12-24 month period? Do you expect a reversal in the trend?
[05:29:12 PM] => EKG: We expect interest rates to remain at current levels, with minor fluctuations not withstanding.

[05:30:32 PM] => Shirishj: Why do all the mutual funds have such a herd mentality. They all seem to be investing in the same group of well known stocks. There seems to be very little original research going on in India ???
[05:32:29 PM] => RKG: For Mfs especially open ended funds, liquidity is of paramount importance. This has become of overriding imp. After the intro of compulsory ruling settlements. Very fewstocks meet the criteria for liquidity leading to a limited range od securities.
[05:34:34 PM] => Balachanran : With FIS all set to turn Universal banks, do you see good investment opportunities? If yes, where?
[05:36:07 PM] => RKG: We r watching the developments relating to how the regulatory mechanism evolves for FIs. There is considerable wealth creation opportunities as the different activities will lead to synergetic benefits.

[05:41:14 PM] => Myiris : We thank you all for your participation.

[05:42:00 PM] => Myiris : We thank Mr. R.K. Gupta for sharing his valuable insights with the investors.