Cholamandalam DBS did a private placement of its shares @ Rs. 92 with IFC, Washington. This is just a small story. There is a website which sells financial information…this statement is hilarious. You should read it. It quotes Reuters…and says Chola has 2 subsidiaries – Murugappa group and DBS Bank in Singapore…read on! http://www.alacrastore.com/company-snapshot/Cholamandalam_D_B_S_Finance_Ltd-2507782 and […]
So SEBI has one more work for mutual funds. They are supposed to be the conscience keepers for corporate India. Good news. Next they may be asked to get a ‘good behavior’ certificate from unit holders – saying I will redeem them only for legitimate purposes. I will not use the proceeds for buying a […]
Is the market going to go up or go down? Well we all have tackled this question in many ways..here is one more! One ‘Wealth Manager’ came to me recently with a PMS scheme which gives me a 12% assured return (over 3.25 years not annually) – and this fund will invest in a mix […]
Many people ask me why I suggest New India for medical insurance, but never suggest LIC for life insurance. The answers are simple. Medical insurance is a simple product and the probability of getting a good interpretation of the policy is quite high with New India. In fact if you have not lied in the […]
http://www.subramoney.com/book-written-by-me/ A few days ago I wrote a post saying why I sold most of my shares in a south based sugar company. It was scary when Rahul Gandhi said – some of the losses have to be borne by the mills if the farmers have to benefit. Politicians can keep prices very different from […]
I was just hearing a dialogue between 2 kids earning about 20k a month. Needless to say they have a hand to mouth existence. However one is the son of a successful (cash rich) father (employee in a psu bank) and the other is completely on his own (father does not support him). The topic […]
One advantage or disadvantages of being connected with equity markets is you hear many stories. However if you have been in it for long, you may be part of many stories. For example a friend who wanted alpha (returns greater than the market returns), asked me what to do. Knowing his ability to trade I […]