A finance ministry official says “If foreigners are allowed to invest directly in India, volatility will go down in Indian markets”. I am completely unable to understand this. Like I cannot understand what is wrong with Intra day or Intra month volatility! Markets have always been volatile – the question is how volatile that […]
Well let us look at the Indian market from a foreign investor’s point of view: Indian markets (as also China) is down by 18% over the past one year. If you are a foreign investor add another 14% of currency depreciation. It is not a pretty picture, correct? It must have been quite a […]
NPS (New Pension Scheme) was bad – I have rubbished it enough, but as if all that was not enough, the Parlimentarians have tried to make it worse. Why should a fund management company have only 26% FDI beats me. Stumped is the word. In the 1990s we allowed 100% FDI in Mutual funds, […]
‘Surprisingly even mutual funds are judged by their size, not by their performance’ – why is this so asked a student. This is a good question – and therefore difficult to answer! This is like going to a doctor because he drives a Mercedes benz. He earns well is for sure, but does it mean […]