Sebi has made a statement that they are planning to come down heavily on Mis-selling of mutual funds. I am really impressed. Just wondering how. Reminds me of the ‘Retail Real Estate Mutual Fund’. The Guidelines were announced long ago….still waiting for the first launch. I remember seeing the guidelines and saying ‘how will it […]
Funnily getting rich is about being skilled and being lucky – not either or. How rich you are at the end of your life is a function of a few things: a. How much you earn b. How much you save / invest c. How well your investment performs – and how well you let […]
General Circular number 39/2012 dated 12.12.2012 As per General Circular number 39/2012 dated 12.12.2012, time limit to file financial statements in XBRL mode (for the financial year commencing on or after 01.04.2011) without any additional fee has been extended upto 15th January´2013 or within 30 days of AGM of the company , which ever is […]
Let us look at a retiree in the US or Europe who has bought an annuity for life at his age of 60 years. He will get an annuity today paying Gilt rate MINUS costs. The Indian annuities are priced at about 7% – so there is a good chance that the annuity in the […]
Missed this one… What happens in a marriage where the husband is unable to provide the basic comforts – when the father was providing super comforts? Well i have seen cases where the girl herself loses respect for the husband. She finds some excuse to stay with the parents rather than stay with her husband! […]
Amazing how a person can marry so much out of their own comfort zone! It does not take a genius to know that a boy or girl should not marry too much away from their own class. Imagine a very rich girl married to a low end employee in a private sector job. Or a […]
I know we are all normal people, we meet normal people, we think all people around us are good….right? Sadly I deal with money. When it comes to money I have seen the following: a) Elder daughter CHEATING a father off all his savings and house so that she could use the money as a […]