Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Wednesday, April 10, 2013

Retail investors return to equity MFs in March
FY13 ends on a positive note as net inflows were positive
[Editor: After a long time both the FIIs and DIIs turn net buyer according to the Latest Data from the Stock Exchanges: FII==>Rs.2822.16 (Buy), Rs.2781.94 (Sell), Rs.40.22 (Net) and DII==>Rs.841.82 (Buy), Rs.644.53 (Sell), Rs.197.2 (Net)]
Retail investors were drawn to equity mutual fund schemes in March, the first time in 10 months, owing to demand for the industry’s tax-saving product — equity linked savings scheme (ELSS).

In March, equity mutual funds, including ELSS, recorded net inflows of Rs 768 crore, after seeing continuous monthly outflows since May 2012, according to the latest data with the Association of Mutual Funds in India. Backed by strong gross sales, the equity segment, largely avoided by investors, managed to end in the positive territory for the month.

Equity sales stood at Rs 4,468 crore, a rise of 20 per cent compared with Rs 3,713 crore in February.

Mutual fund officials said though the net inflows were a breather for the mutual fund industry, the demand might not be sustained, as the near-term outlook for equities was hazy. In 2012-13, equity schemes saw net outflows of Rs 14,587 crore, a record high.

“Unless there is stability in the markets, attracting retail money into equities looks difficult. To draw investors, a strong bull run is the need of the hour. Else, the situation may worsen from here on,” said a sales official at a mid-sized fund house.

Large- and mid-cap equity schemes returned an average of 4.5 per cent in the year ended April 9, compared with the Sensex’s 5.8 per cent returns.

In March, investors typically buy ELSS for tax-saving purposes, ahead of the end of the financial year. The industry saw several existing ELSS being converted into Rajiv Gandhi Equity Savings Schemes, helping it avail of tax benefits up to an investment of Rs 50,000.
Table : Showing net inflows in equity MFs* during FY13
Months Net inflows (Rs crore)
April -  615
May +420
June -286
July -949
August -2286
Sept -3559
Oct -1984
Nov -1525
Dec -1718
Jan -2690
Feb -163
March +768
* Includes equity linked saving schemes (ELSS)
Source : Association of Mutual Funds in India (Amfi)
Courtesy: Business Standard