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 […]
If we have been brought up on financial myths – can food myths be far behind? Well one of the myths is : Cow’s milk is food good enough to make you strong Cow’s milk gives you a lot of protein and calcium Cow’s milk is food for the Gods and the Kings ….right? Well […]
Not sure how many of you read about the prosecution of HSBC in UK… Whenever I speak to big branded banks they tell me how – – they have a fantastic risk profiling process – due diligence done on all products, issuers, exchanges….blah, blah, blah – how the client has to sign off on all […]
This is an old article which I had written for MoneyControl about 4-5 years ago Some tips on smart spending! THE basic needs of man are food, clothing, shelter and entertainment. Today, most of us have graduated from needs to luxuries. When the newspaper headlines were screaming inflation at 11.9 per cent, it became a […]
XBRL filing – is up and running! Iris Business Services Limited was the first company to file it – they filed it at about 2.30am Saturday! Many companies are trying to file – and I believe many are failing. Clearly it is not an easy thing to do. You need a software to do it […]
I have said a lot about Ayn Rand…and here is more. The publishing industry publishes what sells. It need not be good, moral, correct, intelligent,….but people should buy. If they read and buy more, even better. If they can get one company to buy 100,000 copies to be given away free, they actually do not […]
The mutual fund industry is going through a lot of crisis. New money is not coming in, people from other industries are not too keen to join the industry, aum is falling. Of the new money that is coming, it is clear that the older and bigger funds are doing well, but the smaller ones […]