Yes you read it right. I said it. Market is always wrong. Let me clarify. I have seen a shitty company like Silverline, Crest Animation, Himachal futuristic, Global Tele in 4 digits and wondered why the hell would they quote at such high valuation when the balance sheet had NOTHING. WELL almost nothing. Sure the […]
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I know of a few women (too few regrettably) who manage their family portfolios. I encourage women to look after the family portfolio – not just her money. Too many women find it convenient to outsource money management to their husbands (dad, husband, brother, son) instead of taking responsibility for managing it themselves. managing money […]
One of the biggest fund houses in India is hitting the IPO market expecting to price themselves at about 4% of the AUM as a valuation. Maybe more about 5% if the bidding happens at the higher end. History: Reliance mutual fund was one mutual fund which did not have a collaborator till 2012. It […]
I am not saying that these are the characteristics of all the real rich. It is just my observation. Continuing… They are focused, and know what they are doing: Most of these rich people outsource everything that is a chore. However, they know what they are doing. All most all of them have maids, cooks, […]
You may be aware that the Ministry of Finance through a notification issued in June 2017, has made it mandatory for all customers to update their Aadhaar number for all financial accounts including mutual fund investments by December 31, 2017. I DO NOT KNOW ABOUT THIS..I AM FORWARDING AN EMAIL FROM A BIG FUND HOUSE Based on the […]