Wednesday, September 03, 2008

SIP for Land acquisition...?

And you thought small investors learn from big investors. Well for major corporates in Real Estate it seems to be the other way round.

DLF is setting up a Land Acquisition Fund – by transferring 15% from its annual revenues to its corpus to avail of any good buying opportunity – akin to Systematic Investment Plan (SIP) often recommended to small investors for buying mutual fund units every month. The advantage being, a small investor need not time the market and can take advantage of market at every level by investing fixed sums of money every year.

Good idea? What do you think? Next what? Pay STT and gain LT capital gains exemption?

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