Just finished what could have been India’s first (or one of the earlier) training sessions for the NISM exams. Was there conducting the first sessions of the Amfi training in 2002 – took the exam in April…and started doing the training in the month of May. Do not see much difference in the syllabus – […]
Some things which look like good practices to a few people look like anti-wealth (or wealth creation mistakes) to a few others. Let us take an example for ‘feeling sorry for oneself’. Does this have anything to do with wealth. Well it is a matter of having a Wealth Mindset or not having a Wealth […]
A couple of days back I had reproduced a letter from a grateful life insurance nominee. Let me tell you what led to that story…. Here was a young person (aged about 40) who had died. He had 3 life policies from Cos. A, B and C. For obvious reasons, the names cannot be given […]
Normally advising is a boring, not very paying business. However, when a friend lost a cousin, he called me….and after some efforts the claim got settled. Then I received this letter (surely not drafted by her – her English was not good) but I guess she took the trouble to get this letter drafted…. what […]
Every time a person looks at his / her portfolio there is likely to be some regret: In Dec 2008 you wished you were more into cash and in 2009 you wished you were more into stocks. However one thing is certain – the most disliked asset gives very good returns..depending on how you look […]
This is second in the series of what is an Idr..let us see who are the participants: Main Players: Issuer Company, Overseas Custodian, the domestic depository, and the Registrar and Transfer Agent Issuer company: Foreign Listed Company – i do not know whether there is any quality criteria. The investor gets an exposure to the […]
What is an IDR? IDR is Indian Depository Receipts issued by a domestic depository in India and denominated in Rupees. It represents an ownership interest in a fixed number of underlying equity shares of the Issuing company. These shares are called Deposited Shares. Why should a company issue an IDR? A foreign company which cannot […]