I am no fan of BJP. I was and am anti Indira Gandhi’s Congress (original spelling of Feroze was Gandhy) – and in 1977 as a school kid rooted for Janata Party. I hate the way they do not want the Lok Ayukta in Karnataka, but claim that they want the Lokpal at the Centre. […]
Ever wondered what is Market Stabilisation Scheme? In 2002-4 the Rupee started strengthening. This was because of the amount of foreign currency that came into India for being invested. This put a lot of pressure on the Rupee – and the strengthening hurt the exporters (remember the great software industry which did not tell you […]
My relationship manager is asking me to buy this product, should I buy this? I have been asked this question a zillion times. My answer is – why do you not learn what you should know and what your relationship manager should know? Actually the answer to this is sheer laziness. Most people do not […]
Could XBRL have helped in detecting frauds? Well the answer is a little complicated. Let me put it this way. If the Company Law Rules said a director should not be reappointed if he has already been a director, and you file a Form 32 in xbrl, within 2 minutes of filing you will get […]
There have been many changes made by the mutual fund regulator (SEBI). Many of them have hurt the industry – and hit badly. However the biggest change which has hurt – has hurt the distributor, not the fund houses. That is the crux of the change. Did the AMFI protest ? The answer is NO. […]
For those who watch the ticker channels hoping to get wealthy, my sincere good wishes. As long as you know (and remember) that Cnbc, Bloomberg, Bloomberg UTV, ET Now, Zee Business, etc. are business channels with a sole aim of making money for themselves (ask their bleeding shareholders), and not to create wealth for you, […]
Many people look at the ratings of a mutual fund before investing in them. This is what is the intention of the rating agencies! However they will tell you that ratings are backward looking (there is only Mercer which does forward looking ratings, but obviously available at a very high fee – which is fair […]