Banks lending in rural India is a great thing to have happened. Most people who borrow are genuine  -but there are some politically supported borrowers too. The main reason why a person in India (or in any part of the world too!) repays the loan is ‘because it is the right thing to do’. This […]

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Mutual fund loads abolished – let us look at how each constituent is likely to react: Investor: He is supposed to be the biggest beneficiary. Most of them will not know about it. A few handful of people (who had the option even earlier) can go direct. However to the best of my knowledge the […]

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If you are a journalist life has become easy these days. All you have to do is to find One incident and do a big story. I mean the story of N Sundaresha Subramanian in DNA Money done on April 02, 2009. It is a story on how Birla Mutual Fund (the Amc) is bending […]

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If you have seen the Sprite ad, you will appreciate this for sure! Mutual funds have a compulsion to raise money continuously – and this they can do only if their sales team is able to sell. However, in a very funny way, ‘what sells is what gets sold’ – so they need to come […]

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If you have wondered what is a CDO, CMO, CP, CD…welcome to the first lesson. A commercial paper is a short term unsecured negotiable issuance promissory note instrument issued by corporate bodies to meet short term requirements of working capital. It was issued for the first time (I think) in 1991 – maturity varies from […]

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  Over the past 20 years I have dealt with the financial markets. Here I have obviously met all kinds of people – brokers, bankers, owners of brokerage houses, life insurance salesmen, relationship managers, and of course the guy who pays all the bills – the “investor”. Here is a summary of mistakes I have […]

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