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Strategies & Market Trends : India Coffee House

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To: DAMY who wrote (398)	5/6/1998 7:59:00 PM
From: saju chacko	of 12475

i recall India fund (IFN) which summarily went down after it IPOed at 15.... well it recently went up from 6.5 which was an all time low to about 9, but it seems to be going down again... i love India too but there are better ways to make money and invest in India... i heard the fund manager didn't know much about India and well in my opinion one should know about what he invests in... apparently the India growth fund had a period of growth after the IPO.. but then it went down too... it seems to ba making the same early upward trend that IFN is... actually at a slower rate... whatever the case, one should know what the major industries are that these funds invest in.... back when i was following this stuff, cement, rubber, and lumber were heavily represented. another note.... from about that time to what i know right now, rubber prices have fallen like crazy.... this may explain some of the drop. let me know other things you find out about in investing in India... another point: i heard that the NRI accounts aren't that bad... about 20% if you put the money there in rupees... something less for dollars.... also from the last time i checked, there was a real estate boom going on in the major cities... especially where office buildings were.... the catch is that you have to carry an Indian passport to own land... any questions... just let me know and i'll try to find out... now i must go party, Saju

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