investing in indian stock markets - the 5 minute wrapup - equitymaster

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7/14/14 Investing in Indian Stock Markets - The 5 Minute WrapUp - Equitymaster.com www.equitymaster.com/5MinWrapUp/admin/subscribe_promo_2014.asp 1/18 Welcome to Equitymaster's The 5 Minute WrapUp Thank you for subscribing to Equitymaster's "The 5 Minute WrapUp", our free daily e-letter service. Your copy of Multibagger Stock Ideas (2014 Edition) has been sent to your email. It should reach your mailbox shortly. In case you do not see the mail in your Inbox, do check your Spam/Trash folder. If you find it there, be sure to label it as "Not Spam" and also add us to your "Safe List". (You can know more about white-listing us by clicking here. ) As a subscriber of The 5 Minute WrapUp, this is what you will benefit from - a. A logical and objective view on both important and interesting developments around the world b. The possible implications of such developments on the investment scenario surrounding a particular stock, or sector or even the economy In short, The 5 Minute WrapUp is all about 'views', and more so about making smarter investment decisions based on these views. Hi, I'm Rahul Goel, the CEO of Equitymaster. Here at Equitymaster we function with a simple objective: To equip you with the information you need to make well-informed investing decisions and grow your money safely...without falling prey to tips from brokers or even to your own gut feeling. To that end, here's something that might really interest you... One segment of the stock market where you can make extraordinary returns is small caps. In fact, a select group of investors have seen several triple-digit gains, and numerous double-digit gains in the last couple of years alone! If you would like to explore this opportunity for yourself, just keep reading... Discover The Profits That Lie Hidden In Unusual and Little Known Small Companies After more than 6 years of picking out high-potential small companies, Equitymaster now reveals the secret to truly "striking it rich" with small caps One such stock pick turned Rs 10,000 into Rs 38,800 Another turned Rs 10,000 into Rs 191,100

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Investing in Indian Stock Markets

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Page 1: Investing in Indian Stock Markets - The 5 Minute WrapUp - Equitymaster

7/14/14 Investing in Indian Stock Markets - The 5 Minute WrapUp - Equitymaster.com

www.equitymaster.com/5MinWrapUp/admin/subscribe_promo_2014.asp 1/18

Welcome to Equitymaster's The 5 Minute WrapUp

Thank you for subscribing to Equitymaster's "The 5 Minute WrapUp", our free daily e-letter service.

Your copy of Multibagger Stock Ideas (2014 Edition) has been sent to your email. It should reach your mailbox

shortly. In case you do not see the mail in your Inbox, do check your Spam/Trash folder. If you find it there, be

sure to label it as "Not Spam" and also add us to your "Safe List". (You can know more about white-listing us by

clicking here.)

As a subscriber of The 5 Minute WrapUp, this is what you will benefit from -

a. A logical and objective view on both important and interesting developments around the world

b. The possible implications of such developments on the investment scenario surrounding a particular stock, or

sector or even the economy

In short, The 5 Minute WrapUp is all about 'views', and more so about making smarter investment decisions

based on these views.

Hi, I'm Rahul Goel, the CEO of Equitymaster.

Here at Equitymaster we function with a simple objective: To equip you with the information you need to

make well-informed investing decisions and grow your money safely...without falling prey to tips from

brokers or even to your own gut feeling.

To that end, here's something that might really interest you...

One segment of the stock market where you can make extraordinary returns is small caps. In fact, a select group

of investors have seen several triple-digit gains, and numerous double-digit gains in the last couple of years

alone!

If you would like to explore this opportunity for yourself, just keep reading...

Discover The Profits That Lie Hidden In Unusual and Little Known

Small Companies

After more than 6 years of picking out high-potential small companies, Equitymaster now reveals

the secret to truly "striking it rich" with small caps

One such stock pick turned Rs 10,000 into Rs 38,800 Another turned Rs 10,000 into Rs 191,100

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Another turned Rs 10,000 into Rs 191,100 Read on to find out more...

Dear Reader,

Consider the following investment scenario for a moment...

On the 15th of this month, you receive a recommendation from Equitymasterfor a relatively unknown and under-researched small cap stock.

This stock may not be talked about much in the media, your stock brokermay not have enough information on it, and it may not be the focus of anydiscussion with friends.

But still, largely because it is Equitymaster that's recommending thecompany, you decide to play it safe and invest a tiny-winy portion of

your money in it. You know, just in case.

And then, silently the company continues to grow behind your back.

As you grow older, the company also grows old with you... moving up in

value and price -- doubling, tripling, and quadrupling during thisperiod.

Then one day in the not so distant future, when you've probably evenforgotten that you own shares of this "once unknown" company, it surfaces

as one of the leaders in its industry...

Handing You Returns Of 1,000% or More Effortlessly!

Is something like this really possible?

Yes, it certainly is!

In December 2002, Shriram Transport Finance Co. Ltd. was a little knownsmall cap stock available for just Rs 11.7 a share.

Not many people expected it to grow the way it has, and therefore notmany bothered to invest in it.

But by cashing in on the increased need for commercial transportation andcoming up with a business model that set it apart from all its

competitors, the company succeeded in growing its business rapidly.

As a result, its stock price increased from Rs 11.7 in 2002 to Rs 757.2

in December 2012. And those who invested in Shriram Transport in 2002

ended up making a whopping 6,372% on it till 2012.

So if you had invested Rs 10,000 in it in 2002, it would have been worthRs 647,200 by 2012!

And this is not a one-off case either. Take a look at the table below...

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Change in share prices over 10 years

Company Dec-02 Dec-12 Change

Era Infra Engg. Ltd. 0.9 135.6 14,801%

Havells India Ltd. 7.1 637.6 8,906%

Shriram Transport Finance Co. Ltd. 11.7 757.2 6,372%

Motherson Sumi Systems Ltd. 3.1 197.8 6,362%

Opto Circuits 2.2 107.2 4,748%

NMDC Ltd 4.3 165.1 3,713%

Pantaloon Retail (India) Ltd. 8.6 257.2 2,894%

Kalpataru Power Transmission Ltd. 3.7 94.1 2,456%

Praj Industries Ltd. 2.8 48.0 1,633%

Aban Offshore Ltd. 29.7 377.8 1,174%

Now before we proceed, let me clear one thing:

None of the above stocks were Equitymaster's recommendations.

We are just giving them as examples to show what's possiblewith small cap stocks in the long run.

And later on in this letter, I will actually share with you some small

cap stocks that WE recommended, and how well they've done.

But getting back to the original point...

What was the common thing in all these small companies that set up huge profit windfalls for their investors?

Though not many people knew, all these companies were already leaders intheir own sub-niche or the small area of the industry they operated in.

And thus, they were much better prepared than their peers for managingexplosive growth in the years to come.

So when the demand for their product grew, they were able to provide amuch better service than all of their competitors and quickly establishedthemselves as the go-to guy in their niche.

And the rest as they say, is history.

It's true! Most of the companies you saw in the table above are prettywell known in India today. But at one time they were not so well known.

They all started out small, established themselves as the leader in onemain area where their expertise lay, and then diversified into otherareas.

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"Equitymaster has made me more and

more richer every year since my

association with them. It has given me

areas.

Imagine how much you would make if you found out all such high-potential

small companies early, and invested in them while they're still in their

infancy?

Given the uncertain nature of small caps, we cannot and should not expectevery small cap stock to be an out-and-out winner.

But we know that small caps are fast movers, and that the movementquickly shows in their stock price.

So assuming you manage to pick 5 'reliable' small cap stocks, even ifjust 3 out of the 5 manage to endure the market uncertainties and turn

multi-baggers, you will be rich!

And that is what our small cap recommendation service, Hidden Treasure,aims to help you do.

Grab Reliable, High Potential Small Companies For Ridiculously Low Prices

Did you ever find yourself thinking, "I wish I had invested in Pidilite

while it was still young?" Or even in Titan for that matter?

These were once-unknown-small companies that have grown rapidly in the

last decade to become household names in India today.

But there was no way you could have known that sooner... until now...

Through Hidden Treasure we're providing you opportunities like thattoday.

The stocks we reveal through Hidden Treasure are companies that areeither under-researched or not covered by other stock brokers andresearch firms.

There's no other authentic source of LONG-TERM recommendations on suchcompanies. And whatever else is available is biased.

I understand that small caps may not comprise a big portion of yourportfolio. But that doesn't mean you don't need to think about them at

all.

This small part of your portfolio does the KEY job of maximizing your

returns...

That's Why You Need To Be EVEN MORE Careful In Choosing Your Small Cap Stocks

We launched Hidden Treasure in February 2008with a view to provide profitable Small Cap

recommendations.

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more wealth than my professional

career. Convey my best wishes to all 52

members at Equity Master."

-- Dr C V Ajmera, a Hidden Treasure

Subscriber since 2011

But "profitable" doesn't necessarily mean

300% returns in one week.

We have always said and still say that you

should look at small caps from the long-termperspective.

The stocks we recommend through Hidden Treasure are strong companies and

we recommend them not because we believe they will flourish in a month or

two, but over a minimum period of 4 to 5 years.

We reveal reliable small companies through Hidden Treasure as and whenthey're available at a bargain... giving you the opportunity to snap themup early and set yourself up for huge gains when these stocks soar.

However, considering the risks that small companies carry, you shouldrealistically not expect each and every recommendation to be an out and

out winner.

Plus, whenever the market crashes, small caps are the first to bear thebrunt of it.

So these are some things you need to understand and acknowledge when you

invest in small caps.

But despite all these drawbacks, we believe our Hidden Treasure servicehas actually done quite well.

Our 6-Year Hidden Treasure experience

It was on 15th February, 2008... i.e. a little over 6 Years back, that wepicked out our first Small Cap Stock.

After much deliberation, in-depth research and testing it across multiple

factors... we found it to be an excellent opportunity.

So we recommended a select group of investors to Buy it, and tracked it

for them over the coming months.

Keeping them updated on its performance. Ensuring that our assumptions

were right and the company was strong on its growth path.

The efforts paid off!

On 12th October, 2008, we sent out an Urgent Email to our subscribers,asking them to Book their profits!

Our First Small Cap Stock recommendation gave our subscribers an

impressive 87% returns in just 8 Months.

Yes... a stock which we had picked out for an investment period of 3 - 5years (as we do for all our small cap stocks) gave a big boost to our

confidence, and big returns to our subscribers who invested in it!

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So over the year we picked out more....

Our 2008 stock picks gave our subscribers returns like:

Returns Booked Investment Period

250% 2 Years & 1 Month

177% In Just About 2 Years

100% 1 Year 8 Months

217% 3 Years & 11 Months

Past performance does not guarantee future results.

So, over the coming months...

» We saw many more smart investors joining our small cap recommendation service and benefitting

from our research.

» We saw our research team spending many more hours scrutinizing obscure but fundamentally strong

small caps.

» We had teams visiting various cities across the country, meeting various management teams and

picking out even more profitable small cap picks!

And the same good trend continued in 2009 also... despite both theseyears witnessing some of the biggest market crashes.

That's right!

So, even from our 2009 picks, we saw exciting returns like:

Returns Booked Investment Period

288% 2 Years & 5 Months

124% Just about 7 Months

Past performance does not guarantee future results.

Our subscribers were ecstatic! And the Market was exciting.

"Very good unbiased recommendations. All the reports of recommendations are in

depth and very good. Overall when one see the site one can easily understand the

fundamentals of investing. Very useful. The main thing is equitymaster can be trusted.

Overall my experience has been very good."

- Raghunathan Srinivasan, a Hidden Treasure Subscriber since 2010

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The year 2010, on the other hand, turned out to be tumultuous for the

entire small cap index. And our subscribers too couldn't escape itseffects.

But starting 2011, we were back to booking consistent profits again...

✓ From our 2011 stock picks, we booked profits like 139% in 7 months, 105% in 13 months, and 82% in

1 year and 2 months! And from the open positions, we are getting double digit returns like 233% and

43%.

✓ Further, from 2012 picks, we have booked returns like 119% in less than 3 months and 160% returns

in around 24 months.

✓ And what about our 2013 picks? Believe it or not, 2013 has seen ALL our Buy Recommendations

giving double-digit returns already! In fact, we have closed position on one of the stocks in just 9

months with 143% returns!

So the service has performed consistently well over time and today, it's

One Of Our Most Popular Services!

With thousands of subscribers and a solid track record... we can

confidently say that our research process works!

"I have been with equitymaster for nearly 20 years - happy to have made a lot of money

- Really investor friendly and independent analysis. Compliments to Research team."

- Dildar Singh, a Hidden Treasure Subscriber since 2012

However, we don't want you to get the wrong picture.

Not all Small cap stocks will jump up too much... too quickly!

But the most important thing is, even if 3 out of every 5 small caps

eventually manage to endure the market uncertainties and turn multi-

baggers, you will be rich!

And that is what we want to help you achieve through our Hidden Treasure

service.

Take a look at some of the returns made by our Hidden Treasure

recommendations:

Stock Recommended Change

eClerx 247% in 5 months

Nitin Fire Protection Ind Ltd. 139% in 7 months

Elgi Equipments Ltd. 250% in 2 Years 1 month

KPIT Cummins Infosystem Ltd. 288% in 2 years & 5 months

V-Guard 123% in less than 3 months

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"Equitymaster is comprehensive,

trustworthy, is replete with rich and well-

intended analysis. It may go wrong - but

no malefides only bonafides. Intentions

of serious research are loud and clear

as the church bells. I respect their

analysis with healthy skepticism."

- Bhushan Akerkar, a Hidden

Treasure Subscriber since 2013

V-Guard 123% in less than 3 months

Page Industries 1,811% in 5 years (Not a Sell Yet!)

Past performance does not guarantee future results.

It's for this reason that Hidden Treasure has been One Of Our MOST

POPULAR services over the last couple of years.

And we want YOU also to be one of the people to benefit from it.

So today, we have got something Extra Special for you. . .

See, the usual price of Hidden Treasure is Rs 5,000 per year.

But for the next few days, you can get Hidden Treasure at More than 60%

Off... or Just Rs 1,950 for a One Year Subscription.

And then, there's also a 30-day, 100% moneyback guarantee on this offer.

So, you can sign up at this price and test-drive Hidden Treasure for afull 30 days.

If you don't like it, get in touch with us before the 31st day, and we'llrefund the entire fee you paid. That's a promise!

But you must act quickly.

This offer will close soon, and then you will have to pay the FULL price

to sign up for Hidden Treasure.

Here's What All You Get By Subscribing to Hidden Treasure. . .

Once every month, we will notify you of an

exciting small cap opportunity through ourmonthly Hidden Treasure report.

The report we send will tell you why we

think this stock would be a good buy at that

point, and it will also clearly explain thepros and cons of investing in that company.

As you will know, good reliable small

companies are very scarce and it also takes

a lot of time and research to find them.

Equitymaster analysts have to go through many more hoops to find the few

small cap gems that exist.

And since it's OUR reputation at stake here, we also have to meet with

the managements of different companies and organise trips to various

cities every month to make sure we're accurate in our predictions.

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cities every month to make sure we're accurate in our predictions.

All this takes time, and therefore just the one new recommendation per

month.

But in addition, every month we will also publish the Top 5 Small cap

stocks you could buy at that point.

Plus, you also get:

Quarterly results review of all Open Hidden Treasure recommendationsPerformance review every month in our report

Why you can trust us to deliver . . .

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.

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 18 years online.

Today we have over 1,484,807 members from 71 countries worldwide whotrust us!

But at the same time, we are NOT stock brokers. We don't gain anything

even if you buy the stocks we recommend.

However, almost all of our income comes from the fee we charge on our

stock recommendation services. And so it's extremely important to us that

the stocks we recommended make you money.

That's why...

All our recommendations are supported by thorough research - we listout 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

And finally, because we meet various companies face to face, ask

tough questions and continuously track our recommendations... we

reduce the risk of a Satyam like situation emerging in stocks that we

recommend.

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

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"I am member of Equitymaster since 2008. Time & again they have provided unbiased

reports in all market conditions. Their reports always ensure that we investors take an

informed decision with rationale thinking rather than being swayed away with the

market sentiments."

- Shailesh Mistry, a Hidden Treasure Subscriber since 2011

Another reason why our research turns out to be accurate more often than not . . .

You see, 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 havealways 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 MatrixTM or ERMTM which helps quantify the risk attached

to a stock. The ERMTM is an integral part of our stock selection process.

Look, we all know that no two large, mid or small cap companies have

exactly the same degree of risk. 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.

Now the ERMTM is a matrix designed to evaluate the key risks attached to

a business, it financial history and its management. It ranks not justthe company but also the sector in which it operates based on its

relative risk profile.

How the ERMTM made and saved our subscribers money. . .

When markets were at their nervous best in late 2008 and early 2009, our

Buy recommendations on Page Industries, eClerx, and KPIT Cummins were

backed by our confidence in the low risk profile of these companies as

shown by ERMTM.

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

several times.

And it was THIS risk matrix that helped us identify the best stocks to

recommend to our subscribers when several of them were looking

attractive.

It did so by acting as one of the tools used for eliminating the bad

stocks, so that we recommend only the good stocks.

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stocks, so that we recommend only the good stocks.

But that's not all...

Again, it is the same ERMTM that we rely on to quantify the risks we

believe subscribers need to be cautioned about while recommending a

'Sell'.

"My best wishes to Equitymaster. It is most reliable and trustworthy research House.

As a 10 plus of Subscribers, I have experienced their letters are the Best reported ones

with comprehensive, verified and complete coverage of subjects and companies.

As we all have experienced hundreds of companies disappearing in thin air with the life

time saving of small investor and Government doing nothing to save the Investors

interest, we all should encourage EquityMaster's efforts, so that we become more

informed investor and save our hard earned savings."

- Vinodkumar Maheshwari, a Hidden Treasure Subscriber since 2010

Given the complex operating environment that Indian business are aspiring

to be a part of, we believe the ERMTM can offer immense value to

investors seeking to maximize their long term returns by without takingon too much risk.

But I won't lie to you - Sometimes we make mistakes too

Like we made a mistake in recommending MIC Electronics in July 2009...

The key reason for our belief in the company was its prominent presencein the fast growing LED lighting space, where it is a market leader inIndia. The company had grown strongly in the past and its balance sheetalso appeared good.

However, despite our good expectations, the company has failed to

capitalise on the growth opportunity. In fact, it lost a major order fromone of its key clients.

Then, we also had some issues with the company's disclosure levels.

Over that, the management's silence on the several issues facing the

company has been deafening.

Given this, we recommended our subscribers to sell the stock, at a loss

of 45% from our recommended price.

And then there were also Ahluwalia Contracts Ltd and Srei Infra Finance

which gave losses of 60% and 71% respectively by the time we gave a SELL.

But what these events have done is that they have made us even morecareful now with respect to our Hidden Treasure recommendations.

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So like I said initially, you can't expect every small cap stock youinvest in to be a winner. But even if a few of them succeed in enduring

the ups and downs and turn multi-baggers, you'll make back whatever youlost in the other stocks... plus a lot more!

Okay?

And here's what else you get by subscribing to Hidden Treasure...

Our special report titled 'Steady Income Smallcaps - II'

Every investor wants to have small caps with large growth potential in

their portfolio.

But what if apart from big returns, these stocks also gave consistent

dividends every year?

Yes! Then you'd be able to grow your money in not one, but 2 different

ways by investing in these stocks.

Well, few months back we identified exactly 3 such dividend-paying small

cap stocks which could do very well in 4-5 years. In fact since then, twoof the three stocks have gone up 18% and 19% already.

But we still believe that the fundamentals of the businesses remainrobust, and if you invest in them at the right price levels goingforward, they can offer you attractive returns along with dividends over

the long term.

Hence it would be a good idea for you to keep tracking these stocks

consistently so you can grab them for less whenever their prices drop.

We have included the full details about these stocks in our specialreport titled, "Steady Income Smallcaps - II".

Sign up for Hidden Treasure through this offer, and you get this reportabsolutely FREE.

Easy-Access Version of Equitymaster's Stock Market Yearbook

Every year, we publish the latest and exhaustive data on Top 300companies. Plus, a wealth of information on over 20 sectors, the Indianeconomy, mutual funds... all, in one place.

This invaluable information serves as a ready-reckoner for any smartinvestor.

Available in an easy-access installable version and a PDF version aswell, this Yearbook provides the latest data that could help you make

smart investment decisions.

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Priced at Rs 750 each, you will get the 2014 Edition right away...

Absolutely Free!

And guess what? The 2014 Yearbook is also an installable version. So youcan install it on your computer just once and get any information youneed at the click of your mouse.

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

Now there is a very important thing you need to know while investing in

stocks... And that is asset allocation.

Asset allocation is the key to having a well diversified portfolio. It is

what protects your investments and ensures their growth irrespective ofthe changes in the market.

A well diversified portfolio is one where your stocks are properly spreadout across different market caps and different sectors.

Our extremely popular asset allocation guide will help you understand the

ideal mix of stocks in your portfolio, so that you can minimize your

losses and maximize your small cap returns.

And you can get this guide absolutely FREE when you subscribe to HiddenTreasure now.

Portfolio Tracker

The Portfolio Tracker is an online utility that helps you track all yourequity and mutual fund investments in one place! It's online, and is

available to you 24 hrs a day.

You just have to enter the details of stocks or mutual funds owned by you

ONCE... and Portfolio Tracker will show you what your entire portfolio isworth AT THAT MOMENT anytime you log into it.

Furthermore...

You can set your account to send you automatic end-of-week and end-of-month performance updates for all your portfolios.

You can set up priced based alerts for all the stocks that you own(and also the stocks that don't own but only wish to track).

Plus, now you can also track your SIPs and get NAV alerts for themutual fund schemes with Portfolio Tracker

But what makes the Portfolio Tracker the indispensable tool that it is

are the intelligent reports that come along with it.

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You see, we at Equitymaster have spent a considerable amount of timetrying to understand how the fund managers who invest for the long-term

track and review their portfolios.

And it is the relevant learnings from this exercise that we have

translated into reports.

In addition, you can also generate customized intelligent reports for

your stocks or portfolio, to understand how a certain market event couldaffect them.

The Portfolio Tracker usually costs Rs 330 for a year. But by subscribingto Hidden Treasure, you get it absolutely FREE.

Free subscription to The Daily Reckoning . . .

Now you can read what knowledgeable investors across the globe read everysingle day for global market analysis and investment ideas.

Yes, we are delighted to bring you 'The Daily Reckoning', a daily

financial e-column by Bill Bonner, Publisher and Editor, and three-time

New York Times best-selling author.

The Daily Reckoning is published every day in 3 languages from offices in

6 countries - US, UK, Australia, France, Germany, South Africa.

Now, it's India's turn... and your turn to get it for FREE!

If you're someone who's interested in investing in or even monitoring inthe global markets, you'll find the Daily Reckoning extremely useful.

And last but not the least...

The Equitymaster Research Digest

In case you're wondering how you're going to keep track of ALL theresearch we publish through Hidden Treasure...

You'll be glad to know that we now release a weekly email titled "The

Equitymaster Research Digest" which gives you a roundup of all the

research published under different services relevant to you during the

week.

Yes! This is a new feature started by Equitymaster and has beenappreciated greatly by subscribers like yourself.

Here's what some subscribers had to say about it...

"The Weekly Digest started by you is very appreciating as it helps investors like me to

understand things easily (thanks a lot to the simple & lucid language being used). I

hope you come out with more such stuff."

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hope you come out with more such stuff."

- Hemen Shah, an Equitymaster Subscriber

"Some people are throwing their money in the 'Equity Market' without knowing the real

status of the companies and later they will feel sorry for that.

I honestly appreciate "The Equity Master Research Digest" and I feel that people who

are watching this 'weekly digest' will surely have immense benefit out of it."

- S. Sridharan, an Equitymaster Subscriber

So you'll never have to worry about keeping track of or missing anyimportant research from Hidden Treasure or any of our other servicesyou're subscribed to.

You can just click on a link in your email, and get the full informationwhenever you want.

And You Can Get All This At More Than 60% Off. . . For Just Rs 1,950!

A year's subscription to Hidden Treasure usually costs Rs 5,000.

But if you act now, we will give you your Hidden Treasure

subscription for Rs 1,950 only... That is a More than 60% Off on

the normal price!

Seriously, this is way less than what you spend on all the phone calls toyour broker, the money you pay to watch the noise on your television, and

all the newspapers and magazines you buy hoping to find good investmentopportunities.

And none of these other things can provide you unbiased and reliablesmall cap recommendations like Hidden Treasure. With a subscription toHidden Treasure, you can be rest assured that whenever we come across

little known, high potential small companies, we will notify you of themright away.

Here's what two of our subscribers had to say about Hidden Treasure...

"Your Hidden Treasure is a beacon of light in these troubled times. I am happy I took

the right choice."

-- P. S. Sathyamurthy, a Hidden Treasure subscriber since 2008

"I have been investing in the market since the last 5 years and have been a lifetime

member of Equitymaster since the last three years. I have found their advice to be quite

unbiased. One good thing about them is that they are constantly trying to bring in new

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unbiased. One good thing about them is that they are constantly trying to bring in new

services via research and analysis which is helping me to get an objective view on the

market. I hope that they bring about more expertise in the mutual fund market also. I

trust them because they have the transparency to go back and review the performance

of their recommendations."

-- Prashanth Nair, a Hidden Treasure Subscriber since 2011

But be warned: Hidden Treasure is not for everybody!

For instance, if you're nearing retirement or have already retired, Idon't recommend putting all of your retirement money into small caps.

Small caps are for those who are ready to take some risk to make bigreturns.

While you can make a lot of money from small caps, you can also lose alot of it very quickly.

Just one good small cap stock could be enough to make you very rich. But

to find that one small cap stock, you might have to go through a few duds

as well.

Therefore every small cap investor needs to understand this and plan his

or her small cap investments wisely.

And that's what Hidden Treasure can help you with!

So to summarize, here's all you get by signing up to Hidden Treasure now...

Hidden Treasure for just Rs 1,950 (Normal price = Rs 5,000 for 1 year)

12 well researched and High Potential Small Cap Buy/Buy-at-a-Lower-

Price recommendations over the year!

Quarterly results reviews of these recommendations

Steady Income Smallcaps - II: Our Special Report on 3 dividend-

paying, high potential small cap stocks

Equitymaster's easy-access Installable Stock Market Yearbook 2014

edition. Worth Rs 750, this is invaluable data on top 300 companies of India.

Our Hugely Popular Asset Allocation Guide Free

Free Performance review every quarter

Free access to our "Intelligent" Portfolio Tracker worth Rs 330 per year

Free Subscription to The Daily Reckoning

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"I have made my money by following

Equitymaster."

- Mohammed Yahyabhoy, a Hidden

Treasure Subscriber since 2010

Again, you get all this at ZERO risk . . .

We had sent out a recommendation to investin a particular small cap stock on 15th

January 2009.

Today, this same stock stands at a profit of

1,811% in a little over 5 Years.

In other words, if you had invested just Rs 10,000 in this stock when we

recommended it, your investment would be worth Rs 191,100 today!

This is the money-making potential of small caps!

So the price of Hidden Treasure should not be an issue anymore. And like

I already said, you can try Hidden Treasure without any risk for a full30 days.

If it turns out that you don't like it, just let us know before the 31stday and we'll refund the entire fee you paid. No questions asked!

And, we'll also let you keep the Special report on 3 dividend-payingsmall caps as a thank-you gift from Equitymaster for trying HiddenTreasure.

Sounds good?

In any case, I suggest you act fast because...

a. The volume of small cap shares traded is usually very low, so gettingin early can make a difference. By subscribing to Hidden Treasurenow, you get that advantage.

b. Through this offer you can get 1 Year of Hidden Treasure for just Rs1,950 instead of the usual Rs 5,000... which will be the case till

for the next few days only.

So don't squander this opportunity...

This offer will close soon.

[Click here to subscribe]

Regards,

Rahul Goel

CEO, Equitymaster

P.S.: You can now get a year of Hidden Treasure for just Rs 1,950 (Normal

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Follow Us:

P.S.: You can now get a year of Hidden Treasure for just Rs 1,950 (Normal

price = Rs 5,000 for 1 year). And in addition, a Special report notifying

you of 3 dividend-paying high potential small cap stocks. So I suggest

you seize this opportunity with both hands... while it's still open!

P.P.S.: There's a 30-day money back guarantee on this offer. So if it

turns out that you don't like Hidden Treasure, we'll gladly give back

every rupee you paid.

But this offer will be available for a few days only!

P.P.P.S.:Here's what one Equitymaster subscriber has to say about his

experiences with investing BEFORE and AFTER subscribing to Equitymaster

premium research services...

"Though I am in the markets since last many years as investor and no doubt money

can easily be made during good times, I realise the importance of a good partner during

bad times, such as the current phase. I fully trust Equitymaster's Wealth Alliance's

impartial & conservative views during all phases/cycles of the market and they can be

fully relied for a fruitful hand holding not only during the current bad phase but

throughout. I respect them for their impartial and unbiased views."

- Surendra Pai Vernekar, a Hidden Treasure Subscriber since 2012

P.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 Hidden Treasure At More Than 60% Off

* Adjusted share prices have been used for Shriram Transport Finance

**Returns have been calculated as on 5th May, 2014 or the date of sell recommendation, whichever is applicable.

***The total number of Equitymaster members is taken as on as on 14th August, 2012

****Past performance has no bearing on future performance.

Equitymaster Agora Research Private Limited.

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