When interest rates go up, you know one thing for sure – it will come down also. Now inflation figures are likely to be a little lower (base effect), and there will be pressure on RBI to cut rates. In the informal market (ask the builders!) interest rates are still hovering around the 25%p.a. + […]
There are many people in the financial services business whose main job is to sell financial products. What they have been called has changed over the years….but largely the job is: 1. looking for a good product 2. tying up with the manufacturer of the product (a company which wants money or wants to lend […]
So many people tell me (OMG and I politely nod) …here is what I wish to tell them: Subra, I made money…. a. buy getting ESOPs in my company b. buy buying a house for Rs. 30 lakhs, now it is worth Rs. 90 lakhs and only Rs. 12 lakhs of the loan is to […]
Normally the public sector units trade at a lower price earning multiple (p/e multiple for those who did not understand the full version). This is largely because there is a general feeling that the owner (manager) does not care too much about the main shareholder. To expect the ‘corrupt’ or ‘indifferent’ employee to work for […]
Some of the dreaded questions that this gen asks is so scary…. 1. What do you do? (in the last 30-40 years it has got scary) 2. What is your educational qualification? 3. Where do you live? (location: Country including PinCode) and 4. What car do you drive? Frankly there is a big mafia out […]
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 […]
LiC collects money from the small saver. It pays commission ranging from 4% to 40% based on the product that it has sold, the remaining money gets invested. Where does it invest? Well to keep the people happy it invests in Secured Government Securities. Chuckle chuckle who decides the price? Government of India! Does LIC […]