It is always nice to hear the views of Chandresh Nigam – one of the rare CIO -CEOs. I always feel that CIO are interested in increasing the Nav of their schemes, but the sales oriented CEO are interested in increasing the aum. Since most Head of sales cannot sell existing schemes (our payout is […]

On this Guru Purnima day here are a few commandments of finance..not sure it there will be 10 or more. This is dedicated to all the people from whom I have learnt about money. Could be my parents, sibling, cousins, teachers, students, grocer, taxi driver…..I seriously do not know. So here are the commandments: Spend […]

Many people have asked me “Is Hdfc Life Sanchay Plus” a good plan …? I have seen the product and it looks like it will give you about 6.4% p.a. IRR over a real long term. I mean you could put in the money today…for 12 years you get nothing and then you start getting […]

The wealth management industry is seeing a lot of change. The ‘big’ wealth managers – aka product pushers are in some kind of trouble – aka the banks. Their main job was to push expensive products – like those girls in the bar pushing expensive drinks for old men to buy! Well, the comparison is […]

RE is really very profitable…I got this from a builder…and it is worth reading: A builder buys 1000 sqm land in Goa for Rs. 1.5 crores. Land purchase including stamp duty at 8% for registration is Rs.12,00,000. Construction cost for 1000 sqm is about Rs. 2.6 crores. Sanctioned plan: Cost of Architect plan @3% (Rs. […]

It is very difficult to understand what is being a contrarian. Contrarian does not mean just going against the crowd. I tell investors that crossing a road while you see a truck is not being a contrarian, it is suicidal. Buying DHFL when its price fell to Rs. 290 was not being a contrarian. Buying […]

The kind of questions that I get – I don’t normally respond. I will let the readers react. Why does this couple need Rs. 280,000 a month at the age of 80? (in the year 2033) – are they going on a world tour every month? – Ms R, Chennai. Why do you write about […]