Last week somebody asked me this question. Is RM your share broker….and I really had to think hard. In 1979 I would have said yes. In 2010 it took me to a Bhagvat Geetha lecture that I had heard long, long back. Not sure whether the speaker was from Chinmaya Mission or from the Hare […]
What is an IDR? IDR is Indian Depository Receipts issued by a domestic depository in India and denominated in Rupees. It represents an ownership interest in a fixed number of underlying equity shares of the Issuing company. These shares are called Deposited Shares. Why should a company issue an IDR? A foreign company which cannot […]
First Make a budget! – this is a good new year resolution to make. Perhaps the best. Budget, is normally a word which has negative connotations! If you see saving and investing as “consumption foregone today for consuming at a later date” you might see it in a different light. One of the challenges with […]
Yesterday I ran the Standard Chartered Marathon. Maybe I used the wrong verb – I walked much more than I ran. However, there were some lessons. I had done the marathon in 155 minutes in the previous year (year 2008) and set myself a target of 145 minutes for this year’s marathon. However my sincierity […]
The best thing that life insurance business has done in India is it has eliminated mis-selling in mutual funds! How is this possible? Simple the rewards for mis-selling in life insurance plans is far, far greater than mis-selling in mutual funds, so many of the players have shifted games. That brings us to the question […]