This does not constitute investment advice. Returns mentioned herein are in no way a guarantee or promise of future returns.
Stock market investments are subject to market risks.
For the next few days only...

"Get Our 3 Best
Research Services
For The Price Of One!"

This is a limited-time offer we are running
on the request of our readers, and we don't know
when we will do this again

 So please act right away to avoid missing out... 

Dear Reader,

What if I told you that you can now get our 3 best research services for the price you'd normally pay for just one of them?


Our blue-chip research service StockSelect, midcap research service MidcapSelect, and small cap research service Hidden Treasure cost Rs 5,000 a year each.

But now, for a very limited time, we'll let you sign up for all the 3 services together for Rs 4,950 only!

That's an immediate saving of Rs 10,050 or 67% on the total price!

Plus, you'll also have 30 days to try these services without any risk.

If you feel these services are not for you, let us know before the 31st day, and we'll refund the full Rs 4,950 you paid.

And by the end of the trial period, you'll also know 7 of our new stock recommendations to invest in if you like... regardless of whether you stay on or not.

But why are we doing this?

So that we can not only show you the right way to build wealth from stocks, but also give you the right tools to make your task easier.

Let me explain...

You see, traditionally in India, people have always leaned towards fixed deposits for growing their money.

With the passage of time, even though more people have started investing their money in the stock market too, the problem is a LOT of them still invest in stocks in a haphazard manner.

They put some money in Stock X and some money in Stock Y randomly, without any planning and research, and end up losing money.

Or if they get it right, the returns don't reach them when they are in need of the money the most!

So the purpose of making this offer is twofold:
  • To show you the right way to invest in that your overall risk is reduced, and the returns reach you in time of need or to help you fulfill your life's desires

  • To give you 'highly discounted' access to our 3 best research services which cover 3 different types of stocks... and thereby make it easy for you to put the plan we give into action
We will talk about these 3 services in much more detail later on in this letter.

But first...

How the right investing approach could
make your life happier and richer. . .

Let's face it - any big expenditure leaves most of us worried.

Even if it was pre-planned and for a good thing -- like the marriage of a child, purchase of a car or a vacation we always wanted -- despite enjoying the occasion, at the back of our mind we often canít stop thinking all that money we just used up.

Maybe you're one of those who is so rich that any expense, big or small, doesn't bother you at all.

But if you don't fall into that category yet, weíll show you a way to NEVER think twice about paying for the good things in life again.

That's right!

You see, with the approach I am going to show you now, you'll have money coming in consistently to meet all your small and big needs and desires.

And the best part - if you keep implementing this approach sincerely, the inflow of money could never-ever stop!

So what exactly is our approach?

Look, what we are going to suggest is something very simple. But the secret to truly transforming your life with this approach is YOU implementing it sincerely.

If you can do that, we are confident of it producing significant (and consistent) returns for you as time goes.

So anyway, here's what we are suggesting you do...

Every year, decide upfront how much money you want to invest in stocks during that year. This could be Rs 50,000, 2 lacs, 5 lacs, 10 lacs, or whatever. The amount doesn't matter!

But once you've decided that amount, out of it:
  • 50 to 60% of it should eventually go into blue-chip stocks

  • 25 to 30% into midcap stocks

  • And the remaining 5 to 10% into small cap stocks
So what exactly is our approach?

And the most important thing you should follow this plan not just once, but every single year sincerely.

The benefits of doing this are. . .

First off, there is lesser risk when your total investment is divided in the above manner between different types of stocks.

As you may know, blue-chips are less risky than midcaps, and midcaps in turn are less risky than small caps.

So by dividing your investments in this way, you invest more of your money in less-risky stocks... but at the same time, also avoid missing out on high-return investments which are more risky. Makes sense?

Secondly, each stock type consists of companies in different stages of their lifecycle which would take different periods of time to grow and give you sizeable returns.

Some stocks may take 1 year, some 3 years, some 5 years and some 8 years to reach their full potential.

So by following this approach consistently every year... and dividing your total investment in the above manner between different stock types, you'll have one stock or the other close to paying you money at any given point in time...

Thereby keeping you well-funded at ALL times.

Imagine having 6 or 8 or maybe even more
investments paying out during a year. . .

If this happens:
  • You'll never have to worry about where the funds for your child's education or marriage, or a family vacation would come from

  • You'll never have to think twice about acquiring that new high-end smart phone, a 50-inch LED TV or some other expensive gadget you want

  • And most importantly, you'll also never have to worry about how you're going to replace all the money you used up!
Sure, but now comes the all-important question...

How will you know which blue-chip, which midcap, or which small cap stocks to put your money in?

And you definitely can't put your entire blue-chip allocation into a single blue-chip stock and so on. You have to divide and diversify further to minimize your risk and maximize your returns.

Yes, and this is where Equitymaster comes in...

For A Limited Time Only:
Our 3 Best Research Services
Together As A Package. . .

When we came up with idea of showing you the above approach of investing in stocks, we knew we also had to make it possible for you to get multiple, well-researched investment options for each stock type easily.

After all, investing in the right stocks is vital for the success of any investing plan.

That's the reason we decided to offer our 3 best research services -- which cover blue-chips, midcaps and small caps -- together as a package.

So that you can get all the stock research you need to execute this plan from Equitymaster itself, without looking anywhere else.

At this point, you might want to ask...

"But why should I trust Equitymaster?"

See, we've been in this industry for a LONG time. In fact, we were the FIRST Indian entity in the finance domain to venture onto the Internet.

And now, we have completed over 17 years in the online space.

As of 8th April 2013, we have over 1,484,807 registered members in 71 countries worldwide!

But at the same time, we're NOT stock brokers. And we don't gain anything even if you buy the stocks we recommend.

However, itís extremely vital for us that the stocks we recommend make you money.

Because if you don't make money from our recommendations, you will simply not renew your subscriptions. Furthermore, you'll also tell your friends not to sign up for our services.

For this reason, we take extreme care while finalizing the stocks to recommend.
  • All our recommendations are supported by thorough research - we list out the reasons to buy and also the investment concerns that we foresee

  • We travel far and wide to meet companies before we put out reports on them

  • For each stock, we clearly state the target price and also the time horizon for achieving the same
That's exactly why over 1,484,807 registered members (of all Equitymaster services combined) trust us!

Here's what one subscriber had to say about our research...

"It's been 5 years since I have been a subscriber to all the products of Equitymaster (EM).

EM's "power to people" approach is what made me to associate with them initially. EM's honest, independent and consistent research on stocks is worth appreciating.

In short, I must say it has been a "rewarding" experience."

-- S R Samratt, an Equitymaster subscriber since 2005

Another big reason why our
research tends to be accurate
more often than not . . .

Most investors take the return on stock investment to be the key yardstick while deciding whether or not to buy a stock.

But legendary investors like Benjamin Graham and Warren Buffett have always maintained that 'evaluation of risks' should be given as much importance as 'estimation of returns'.

It is in this direction that our research team has developed the Equitymaster Risk Matrix or ERM which helps quantify the risk attached to a stock. The ERM is an integral part of our stock selection process.

Look, you probably understand that no two companies have the same degree of risk associated with them. Even if they operate in the same sector, their business dynamics, managements and valuations are different.

That's why it is important to evaluate the risk involved in each case separately...

And the ERM is designed just for that!

The ERM is a matrix designed to evaluate the key risks attached to a business, it financial history and its management. It ranks not just the company but also the sector in which it operates based on its relative risk profile.

When markets were at their nervous best in late 2008, our Buy recommendations on ACC, Tata Steel, Corporation Bank and Maruti Suzuki were backed by our confidence in the low risk profile of these companies as shown by ERM.

.As expected, these stocks went on to multiply our subscribers' wealth several times.

Again, it is the same ERM that we rely on to quantify the risks we believe subscribers need to be cautioned about while recommending a 'Sell'.

"In 2007, Equitymaster was probably the only research house which will give most of HOLD or SELL recommendations rather than BUY reports and everyone knows what happened after that. I feel to be proud subscriber of equitymaster seeing again that you still are not afraid of giving the right opinion irrespective of market moods. Great Job!!!"

-- Deepak Aggarwal, an Equitymaster subscriber since 2007

Given the complex operating environment that Indian business are aspiring to be a part of, we believe the ERM can offer immense value to investors seeking to maximize their long term returns by without taking on too much risk.

"I am a subscriber to these services for the past five years. I realized the value of fundamentals for investment decisions only after I started using the services of

Earlier, my decisions used to be based on "tips" or "advice from friends" etc.; Equitymaster taught me to base them on business fundamentals.

One very good quality of your organization is that I never have even 5% of doubt about your unbiased approach and your integrity to the retail investors.

Overall, I value the services offered by and I acknowledge their contribution to make my investment decisions more scientific."

-- Satish Pendse, an Equitymaster Subscriber since 2003

Okay, enough about us.

Now, let's quickly take a look at what you get from each of these 3 services...

Premium Research Service #1:
Make Triple-digit Returns
From 'Not-so-profitable' Blue-chips

If you've been investing in stocks for even a short while now, you've definitely heard at least one of the following things about blue-chips:
  • Blue-chips are all about safety and consistent dividends
  • Blue-chips can never make you big returns
  • Blue-chips are too expensive even to just buy and hold
  • You will never get rich investing in blue-chips
  • ... and so on
But the truth is not only can blue-chips offer you safety and consistent dividends, they can also make you triple-digit returns easily... often in a period of just 2-3 years, without much risk.

In fact, our subscribers who acted on our recommendations and bought the stocks we recommended have seen multiple double and triple-digit earners in the last two years or so.


✓     120% on Dr Reddy's in 3 years 7 months and not a SELL yet
✓     86% on Tata Steel in 4 years 2 months and not a SELL yet
✓     251% on Bharat Forge in 1 year 8 months
✓     302% on GSK Consumer in 2 years 10 months
✓     221% on Castrol India in 2 years 2 months

And the secret to such returns - grabbing good blue-chip companies with strong future prospects, when they are selling for less than their real value.

Yes! When you grab good companies cheap, making big returns from them becomes all the more easy.

That's what our blue-chip recommendation service, *StockSelect*, helps you do.

Our team is on the constant lookout for good blue-chips selling cheap, and when we come across such companies we recommend them to our subscribers right away.

And did you know that on an average, 80.9% of all our "Buy/Hold" StockSelect recommendations have met their targets during their investment tenure?

In other words, 8 out of every 10 StockSelect recommendations have hit their target.

This by itself is a strong proof that our StockSelect recommendations work.

Through StockSelect, we will send you one Buy/Sell/Hold blue-chip recommendation every week. So 52 recommendations in all in a year.

52 blue-chip recommendations to choose from for your 50-60% blue-chip allocation!
  • Normal price of StockSelect = Rs 5,000 per year

  • But as a part of this package, you get it for less than one-third of the normal price!

  • Plus you also get our new special report titled, "Equitymaster's Top 5 for 2015" for free
We recently released a special report titled "Equitymaster's Top 5 for 2015" only for our premium subscribers, which we'll be giving you for free now.

You see, we know from experience that the money-making potential of investing with at least 2-3 years perspective far overrides the short term trading strategy.

With exactly this in mind, we have identified 5 stocks which we strongly believe could turn out to be the Star Performers of Your Portfolio by 2015. And provided the full details in this special report.

So you'll get this report for FREE when you subscribe to this offer now. And you can keep it if you cancel your subscription also.

Premium Research Service #2:
Cash in from Midcaps
as they turn big

I'm sure you've heard of investors who got rich quickly when a company they invested in got very big in a few years.

At the same time, I'm sure you've also heard of people who lost all their money when a company they thought would be "the next big thing" got wiped out all of a sudden.

Both of these scenarios are very common among midcap companies.

The thing is... while there are many good midcap companies waiting to break out of their shell and become big, there are also many others that will vanish without a trace just after a few years.

Our midcap recommendation service, *MidcapSelect*, helps you find the reliable midcap companies without falling prey to bad ones.

Companies that are capable of turning into blue-chips in the years to come.

Plus, the most important thing - we talk face to face with managements of companies and do due diligence before recommending them to you. So that helps you avoid Satyam-like companies indulging in frauds, which are dime a dozen among midcaps.

Here's how some of our midcap recommendations have fared of late...

✓     155% on Kansai Nerolac in 1 year 1 month
✓     160% on Shriram Transport in 2 years 2 months
✓     105% on Kajaria Ceramics in 1 year 9 months
✓     100% on Kanoria Chemicals in 1 year 9 months
✓     650% on VST Industries in 4 years and not a SELL yet

And just like in the case of blue-chips, in this case also on an average 67.3% of our Buy/Hold midcap recommendations have hit their target prices either much before or on the date of the stipulated time period.

So nearly 7 out of every 10 midcap recommendations have hit their target!

Through MidcapSelect, we will send you a Buy/Sell/Hold midcap recommendation every alternate week. So 26 midcap recommendations in all in a year.

26 midcap recommendations to choose from for your 25-30% midcap allocation!
  • Normal price of MidcapSelect = Rs 5,000 per year
  • But as a part of this package, you get it for less than one-third of the normal price!
Premium Research Service #3:
Invest In High-Potential Small Caps
Before Others Catch A Scent Of Them

You probably know Blue-Star today as a company that's involved in a lot of things.

But did you know that at one time, it was just a 3-member team engaged in the reconditioning of air conditioners and refrigerators?

It's true! Many other big companies out there today also had similar humble beginnings. They were all small companies that managed to survive and achieve enormous growth.

Now, experience tells us that only 3 out of 5 small cap stocks have a chance of succeeding.

So what was the thing that set apart these companies from the other small companies that failed?

Well, apart from other things, all these companies were already leaders in the small area of the industry they operated in. The aim of our small cap recommendation service, *Hidden Treasure*, is to find similar small companies.

Small companies that have an edge over their bigger competitors in their area of work.

And which could do well over a 3-5 year holding period.

Here's how some of our small cap recommendations have done in about 2-3 years since we recommended them:

✓     104% on City Union Bank in 3 years 1 month and not a SELL yet
✓     288% on KPIT Cummins in 2 years 5 months
✓     261% on NIIT Technologies in 4 years 4 months and not a SELL yet
✓     981% on Page Industries in 4 years 1 month and not a SELL yet
✓     110% on Asahi Songwon in 2 years 4 months

If you would like such BIG returns too... and don't mind taking calculated risks to achieve the same... then Hidden Treasure is the service for you.

Through Hidden Treasure, we will notify you of 1 well-researched Buy/Buy at lower prices small cap recommendation every month. Just 1 per month since good small cap companies are extremely hard to find.

So 12 small cap recommendations in a year to choose from for your 5-10% small cap allocation!
  • Normal price of Hidden Treasure = Rs 5,000 per year
  • But as a part of this package, you get it for less than one-third of the normal price!
  • Plus, our special report consisting of 3 multibagger small caps titled "Steady Income Smallcaps" for free
Yes! Join now and you'll also get our special report "Steady Income Smallcaps" consisting of 3 small cap stocks that we believe will at least double over the next 4-5 years.

And what's even more special about these 3 stocks is that they have also paid consistent dividends to their investors year after year.

So you can benefit from these stocks in not one, but two different ways... and you get information on them for free if you sign up for this offer now.

And we are only getting started!

Here's what else you get with offer apart from the 3 services and premium reports...

The Equitymaster Portfolio Tracker

The Portfolio Tracker is an online utility that helps you track all your equity and mutual fund investments of all your family members in one place!

Some of the special things you can do with it are import and export your data from and to Excel, access your account from your mobile phone, and also generate "intelligent reports" for your portfolio.

These intelligent reports will help you analyse your portfolio in greater detail, just like your wealth manager or a smart fund manager would.

And Portfolio Tracker also costs Rs 330 per year usually. But now, you get it absolutely free with this offer.

The next in the lineup is...


S-features comprise of hundreds of articles and reports released every year, and available only to our premium subscribers.

Excerpts of management meetings, extracts of conference calls, updates on the happenings in a company and our views on them are all included in S-features.

All this information will serve as valuable input for your investment decisions.

And we are not done yet...

"How to Plan Your Equity Portfolio": Our Asset Allocation Guide

We have noticed that many investors either take too many unnecessary risks, or stick to an over-cautious approach and forgo excellent money making opportunities.

Therefore, our intention through this guide is to help you achieve the right balance between minimizing your risks and maximizing your returns...

...and by doing so, become richer in the long run.

This report will provide you additional help in diversifying your investments and putting the plan we gave you earlier into action.

And finally, you also get a complimentary copy of...

The Daily Reckoning

The Daily Reckoning is a daily financial e-column by Bill Bonner - Publisher and Editor, and three-time New York Times best-selling author.

It is published every day in 3 languages, from offices in 6 countries. And now, it's your turn to get it for FREE!

You'll find this extremely useful if you're interested in monitoring or even investing in the global markets.

» For A Limited Time Only: StockSelect, MidcapSelect and Hidden Treasure together as a package
» "Equitymaster's Top 5 for 2015" - Our StockSelect special report for free
» "Steady Income Small Caps" - Our Hidden Treasure special report for free
» Ongoing coverage on stocks recommended
» Equitymaster Portfolio Tracker worth Rs 330 for free
» S-Features
» Our Hugely Popular Asset Allocation Guide
» Free subscription to the Daily Reckoning

And all these you get for. . .
just Rs 4,950 for a year!

As I've been saying all along, if you want to sign up for all these 3 services separately, it would cost you Rs 15,000.

But now, you're getting all of them together as a package for just Rs 4,950... which comes to a low of Rs 1,650 for each service.

This is less than one-third of what it'd normally cost you!

And these 3 services will together send you almost all of our well-researched, extremely attractive recommendations in all over the course of the next one year.

All solid, unbiased research you can use to build a portfolio that is likely to keep paying you money consistently in the years to come.

And the most important part -- we don't just recommend stocks and forget about them.

At the end of each quarter, we review all the recommended stocks that have yet to meet the target price, or are yet to complete the recommended tenure of investment i.e. all open positions.

We illustrate in detail our reasons for maintaining the stance or change in stance.

And if anything isn't looking good with a stock, we bring it to your attention and you can exit it right away.

This Quarterly Review process is one of the core features of our services. Hereís what one subscriber had to say about it:

"I appreciate your dedication in giving periodic reviews and outlook/current recommendations. This is a stand out feature in your basket!"

-- Srinivasan S, an Equitymaster subscriber since 2009

So you'll never be left to wonder how things turned bad all of a sudden.

However, please understand one other
thing too...

I think you'll understand that it's impossible for anybody to be 100% right when it comes to stocks.

We have made our share of mistakes too. Like when we recommended MIC Electronics in July 2009...

The key reason for our belief in this company was its prominent presence in the fast growing LED lighting space, where it is a market leader in India.

The company had grown strongly in the past and its balance sheet also appeared good.

However, despite our good expectations, the company failed to capitalise on the growth opportunity. And in fact even lost a major order from one of its key clients.

To add to this, we were also not happy with the management's silence on the several issues facing the company.

So we recommended our subscribers to sell the stock... but by this time the stock had lost 45% from our recommended price.

So what we want you to understand here is...

Even though we do thorough research and make all efforts to be as accurate as possible, there will always be factors and unexpected events that we can't control.

And because of this, from time to time, our predictions could go wrong.

But one thing you can always be sure of is, when you receive a research note from us, it will be our honest, unbiased opinion about the stock -- based on certain time-tested criteria and assumptions.

The decision is yours now. . . and
I believe you already know
what's the right thing to do

Since we have a 30-day money back guarantee on this offer, you should at least use this opportunity to check out our 3 premium research services.

During the course of this 30 days, we'll send you:
  • 4 new StockSelect recommendations
  • 2 new MidcapSelect recommendations
  • And 1 new Hidden Treasure recommendation
...and also give you access to archives of ALL the old recommendations of these 3 services!

These should be enough for you to figure out whether these services are for you or not.

If you don't like what you see, just ask for a refund before the 31st day and we'll issue it without any questions. Sounds good?

And you can also keep anything you downloaded during this period as a "thank-you" for trying our services.

But outside of this offer, you wonít get these 3 services together at a HUGE discount.

And you also won't get our 2 special reports consisting of 8 stocks (5 blue-chips + 3 small caps) that you could add to your portfolio right away.

So don't squander this opportunity!

Act soon to avoid missing out...

[Click here to subscribe]


Rahul Goel
CEO, Equitymaster

P.S.: Through this offer, you can get our 3 best research services - StockSelect, MidcapSelect and Hidden Treasure - together as a package for just Rs 4,950! (Usual combined price = Rs 15,000 for a year)

P.P.S.: We are offering these 3 services together for a limited time only due to receiving numerous requests from our readers. Since there's a 30-day money back guarantee on this offer, I suggest you sign up and at least check out the 3 services. If you don't like what you see, we'll give you a FULL refund anyway!

But remember, this offer will close shortly!

"I am a subscriber to StockSelect, MidcapSelect& Hidden Treasure.

Equitymaster has really shown its skill in finding the PICKS much before others do.

I know that it is not so easy for an analyst to 'pick up' ahead of others always.


-- Satya Pal Gupta, an Equitymaster Subscriber since 2005

P.P.P.S.:If you have any queries, please do not hesitate to contact us at +91-22-61434055 or Write in to us. We will be delighted to assist you!

Subscribe Now to Get Our 3 Best Research Services For The Price Of 1!

*Returns have been calculated as on 28th February, 2013 or on the date of Sell Recommendation, whichever is applicable.
StockSelect track record given is for the period 2002-2010
MidcapSelect track record given is for the period 2005-2012 not including the currently open positions

Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: Website: CIN:U74999MH2007PTC175407