We have all been using toothpaste, shampoo, soap, malt drinks, Bournvita, Horlicks, Complan…..even though we may be new to life insurance, pension plans, etc. If you see the pictures on the cover of the items that you buy you see pictures of how much to use. The toothpaste cover shows toothpaste from one end of […]
Over the past few years that the mutual fund industry has existed it has not grown as much as people would like you to believe it has. There are about 800 schemes – equity / predominantly equity schemes. If you sort the folios PANCARD wise, I do not think there are more than 100,000 reasonably […]
In poorer locations dreams are sold. If you are in Eastern UP or Bihar, it is the ‘Mumbai dream’. In David Copperfield it was ‘London streets are paved with gold’ …well all over the world it is the ‘American Dream’. It is no longer a dream. It is a nightmare. The average American is surely […]
I get a lot of mails saying – investing does not work, trading is fun, ‘i made Rs. 124,000 in trading’ etc. Frankly I do not know how to react. Let me share with you what has worked for my family’s portfolio. Very broadly this portfolio has been a Value portfolio. There are shares acquired […]
Long ago I had done a posting about Asiad games. One of the friends of the government Hindustan Petroleum had ‘bought’ some guest houses in Delhi – one of hem was for Rs. 5 crores. When I asked them why are they not capitalising it, the accountant laughed and said the buildings will house the […]
Not very long ago..perhaps about 7-8 years ago we used to watch who was the second biggest player in the mutual fund industry (sorry my memory with nos. is not so good so it could be 9-10 years ago also). It was a given that UTI would be the number 1 player. For a long […]
Ten years ago it took some courage to stick to Hdfc mutual fund. They had one scheme called Hdfc Growth fund and it did reasonably well. However it was seen more as a debt fund house rather than as an Equity fund house. In 2003 Hdfc Mutual fund took over Zurich Mutual fund – and […]