This is not restricted to US or India, it is a world wide phenomenon, but let us take a hypothetical case of a nice honest, hardworking lower – middle class American. He started life long ago and lived in the usual American style. Let us say he took a huge mortgage and bought a big […]

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No clue how the market will react to this news of Fidelity being taken over by L&T Mutual Fund! I have had a couple of calls from investors in equity schemes who may pull out their money. However Fidelity has a lot of institutional debt which may not panic from this change of management. It […]

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