Could XBRL have helped in detecting frauds? Well the answer is a little complicated. Let me put it this way. If the Company Law Rules said a director should not be reappointed if he has already been a director, and you file a Form 32 in xbrl, within 2 minutes of filing you will get […]
There have been many changes made by the mutual fund regulator (SEBI). Many of them have hurt the industry – and hit badly. However the biggest change which has hurt – has hurt the distributor, not the fund houses. That is the crux of the change. Did the AMFI protest ? The answer is NO. […]
For those who watch the ticker channels hoping to get wealthy, my sincere good wishes. As long as you know (and remember) that Cnbc, Bloomberg, Bloomberg UTV, ET Now, Zee Business, etc. are business channels with a sole aim of making money for themselves (ask their bleeding shareholders), and not to create wealth for you, […]
Many people look at the ratings of a mutual fund before investing in them. This is what is the intention of the rating agencies! However they will tell you that ratings are backward looking (there is only Mercer which does forward looking ratings, but obviously available at a very high fee – which is fair […]
The CEO of a company, the COO of a brokerage company and the Head of Operations of a BPO thanked me for introducing them to this brilliant concept of SIP. I have written enough about SIP – and I strongly believe it requires a brilliant mind to understand simple things – and Providence to help […]
No this is not a lesson 101 on insurance sales…it is how insurance is normally sold! First of all let us understand the government will NEVER want to reduce sales of life insurance companies: this is because LIC has 79% market share and it owns LIC. Also the life insurance companies are mandated to invest […]
You have just been told by your Company Secretary that your company has to file its Annual Return in XBRL format. What are the options that are available to you? Well there are a few options: 1. Easiest option: Outsource the whole job to many of the people who are willing to do it for […]