Wednesday, February 07, 2007

India Bets

On the arrival of March 31 there is no more bigger scare to salaried class than the tax saving grind.
Every one goes through this more over every salaried person undergoes the same fright every year that whether the savings enough , whether one will be able to save the tax and keep the govt. goons at bay.So here is another way of looking at this the promotion of savings to be done by each person at the limit of one lakh under which things like - ELSS MF, Edu loans, Infrastructure bonds, PPF, NSC, POST office savings comes in.
Well so most people look for faster way to earn and they look on to Mutual funds where the view is they give bigger returns than instrument mentioned . Flip side is they have there risks but as many are betting on the Indian Economy and running bull market the bet is like promising risk which is too hard to leave by.

AS the growth story goes on and on and many making millions every small investors mainly the salaried class looks into this opportunity .
So her eon a opportunity to bet. Bet on a Fund manager who is running some fund by some Asset management comapny with the likes of HDFC, SBI, ICICI, REliance, Sundaram, ING, Principal , Birla etc.

SO how can Govt. still thinks of banning on betting well they say share market is not betting well it is right in some sane senses but what about insane senses .
Well this is sheer pleasure of betting on the growing story of Indian bull market .

There is ban on betting on Cricket, sports . Ban on playing roulette, poker. But there is no ban on Derby, no ban on lottery and of course betting on some share , some company some person who owns them ..
There is some reasonable explanation done in every legal and illegal activity by every govt. across the world and most have the same funda .

anyhow each of us are onto the same betting on the investment of there hard earned money to give returns some day .. poor Middle class

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