If you are an investor the last 10-12 days would have unnerved you. Should it have unnerved you? Yes. It takes a lot of investing experience to see your portfolio wipe out wealth everyday for 3-4-5 days and still remain unfazed. IT DOES NOT MATTER whether you need the money, you surely get scared. The […]

Can a mutual fund keep a fixed deposit with a bank? No. Can a mutual fund keep a fixed deposit with a big corporate – say Tata Sons? No. Why? Because mutual funds can invest ONLY in marketable securities. If they need liquidity they should go to the market and not the issuer. Great logic. […]

First of all it is difficult to invest for those who have been brought up on television as a source of “market lessons”. So first of all shut if off. The words that I have heard: Panic, crash, capitulation, bottom has been taken out,…… With such words in whatever context, they give you what sounds […]

Now the press is asking “why were the signals in ILFS were not picked up”? Completely wrong question. If the signals were sent what did Sebi do? what did RBI do? what did Jetley do? Did Piyush Goyal not hear the squeal for help? Let us take the IPO (OFS) of Icici Securities. Good issue, […]

When markets fall by say even 5% most retail investors whom I know do not withdraw their money, they just sit on cash. I met a big fund manager about 12 months back. This is how the conversation went: Me: I have a lot of Nbfc….what should I do? I mean should I sell? FM: […]

When a doctor finishes his education and training he has to make a choice about being in practice or be in service. It is not easy about which choice to make. The poor kid’s education does not prepare him to take this very difficult decision. Say 30 years ago there were not too many jobs […]

Again a click bait. There is no crisis in the Nbfc space. There have always been well managed banks and badly managed banks. Banks with no political interference, and banks run by politicians. ILFS and IDFC were NEVER in the well managed category. Hopefully with the banking license under its belt, IDFC may have cleaned […]