The CEO of a company, the COO of a brokerage company and the Head of Operations of a BPO thanked me for introducing them to this brilliant concept of SIP. I have written enough about SIP – and I strongly believe it requires a brilliant mind to understand simple things – and Providence to help [...]
Indian mutual funds will soon have to report their monthly, quarterly and annual numbers to the regulatory authority (SEBI) in XBRL. For doing this they need to buy a software which will convert their excel sheets into xbrl documents. This tool is a must because the returns have to go very often (MCR is a [...]
Is the mutual fund industry in India doomed or is it growing at a fantastic ride in India? We this is such a difficult question to answer that no sane man can answer this question. Having said that, I am planning to make an attempt. If that gives you a hint of my sanity, so [...]
Many of you would have heard of the story of a camel which came to a man in the desert and said ‘Can I keep just my face inside the tent…it is very cold outside’. As you can guess, slowly the camel was in and the man was out. In a similar story the mutual [...]
I can choose the headline first and then fit the story! Confirmatory bias we call it. If i decide to do the following stories, I can : 1. Sell Infrastructure funds, they have underperformed 2. Buy Infrastructure funds, they have underperformed, but now they will start performing 3. We need infrastructure so buy infra stocks [...]
“So who still believes markets don’t work? Apparently it is only the North Koreans, the Cubans and the active managers.” – Rex Sinquefield, co-founder and board member Dimensional Fund Advisors Obviously what Rex means is that if you believe in equity markets you just need to be in the Index and fund managers do not [...]