Are there too many schemes in the mutual fund industry? Well it can be argued till the cows come home. Value fund, growth fund, large cap, mid cap, mid and small cap, large cap value, mid cap value, large cap growth, opportunities fund, special situations, price-earning ratio fund, equity biased balanced fund, debt heavy balanced […]
Goldman Sachs recently invested Rs. 500 million in Facebook – implying a valuation of US $ 50 Billion! Now this can mean many things – let us speculate! 1. Goldman Sachs (GS) genuinely believes that FB has a valuation of $ 50 billion. 2. There is a FB IPO in the offing and GS has […]
Last week I was travelling and therefore watched Television – and it was Utvi Bloomberg that I watched. Here the very sensible (and not so shrill) Surabhi Upadhyay was doing a program on debt reduction / consolidation. Funnily it is perhaps the only program on the borrowing side. Most other channels and ‘personal finance’ experts […]
If you are cricket fan (even if you are not!) you would have seen Gautam Gambhir being paid Rs. 11 crores + and some other numbers like: Yusuf Pathan: 2.1 Million Dollars, Saurabh Tiwary 1.6 M $, Robin Uthappa, Kevin Peterson, Dumminy, Dravid, Brett Lee…all being paid millions of rupees, if not millions of dollars. […]
Long ago when a good friend of mine was learning the basics of astrology, his father (and teacher) gave him a horoscope and asked him for his opinion. He said “it is a lousy horoscope” – this guy has no marriage, he will never own a house, he will not amass wealth, ….”. His father […]
One million Dollars used to be considered a safe harbor for most people. Becoming a Millionaire in the US of A, and becoming a ‘Crorepati’ in India were considered to be ‘Rich’. Today if you plan to live in the stupidly overpriced cities of India, you will be living in a house which is worth […]
As a business if PMS has to sound reasonably profitable the minimum size of the portfolio should be at least Rs. 10 Million (Rupees one crore). Why am I saying this? Well if I have to meet a client 2-3 times a year, take his phone calls 12 times a year and get my staff […]