The RBI’s Fourth Bi-Monthly Monetary Policy announced yesterday (04 Oct, 2017) maintained a status quo on repo and reverse repo rates. RBI lowered India’s growth forecast as well as dropped the Statutory Liquidity Ratio (SLR).   highlights – not reading it will not hurt you, go on skip it if you wish to!  Policy measures […]

Chanda Kochhar’s statment on RBI policy… The RBI’s announcement today to keep the policy rate unchanged was on expected lines. The MPC has not viewed the recent growth slowdown as being structural in nature and is expecting it to be transient with growth prospects likely to improve over the medium term. The MPC has also […]

The best advice could be the simplest one. However most people giving that piece of advice would be afraid. Afraid that the client will not pay for the same. First is generic advice which is free. Great. Like the following: In the long run equities will make money for you SIP is such a great […]

Elphinstone, Lower Parel, etc. were built for mills. The owners stayed in Malabar Hill and came to these places by their car or horse carriage. The workers stayed nearby and travelled by foot or cycle. See old movies and you will know what I mean. The railway stations were built for a very small number […]

Vanguard has one avowed aim in its business: Cost cutting. It slashes costs regularly and is now EASILY the ‘least expensive’ (no not cheap!) fund house in the world. Look at its costs – and the Indian industry will rush to say how they do not have volumes. They will not tell you that when […]

Ask any fund manager personally and they will tell you “we are like trustees and we do not like people to lose money” – they love telling me that. They think like a honest postman I will believe that they mean it. Sadly my training as a CA has taught me to be suspicious. Sala […]