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 […]
When I am asked to pick up ‘best funds’ I am scared. Why ? Simply because I cannot write ‘best fund of the past month’ or ‘past 6 months’ – I just do not know how to do that. Such searches have to be numbers driven and I hate a numbers driven approach to selecting […]
DSP BlackRock Investment Managers Pvt. Ltd., an asset management company, launched its first passive fund, ‘DSP BlackRock Equal Nifty 50 Fund’. This is different from other index funds as this fund assigns equal weight to each stock and invests equally in them. In other funds the weight of each constituent is apportioned according to their […]
Many parents who have one house go and buy another house late in life – so that both their children will have a ‘parental’ house. They are willing to do many things FINANCIALLY for their children. Why do they do this? I do not know, but I guess it is some kind of a show […]
Now that every Ram, Rahim and Roy and their aunty know what is happening…why should I be left behind? It was fashionable to criticize NaMo even in 2014. Most people who were the intellectuals were sure that NaMo did not deserve the PM post. Of course they said he will not understand…but well he became […]