We love Americans, do we not? We use American branded shoes, cola, potato wafers, we even eat Italian Pizza in an American joint. Then we eat vada pav in another American joint. Then we drink American cola. Then we go to an American hospital, take American medicines to cure ourselves. Recently we have stopped using […]
PHASE I – 1964 – 87 Mutual Fund Industry started in India in 1963 with the formation of UTI Launch of First Scheme – US 64 – it was a very popular scheme, largely perceived as a debt fund with assured returns. However, it never had to declare its NAV and ran into problems in […]
Are we in a bear market? Well I do not know. But surely the index is a far cry from 21000 index that we had seen earlier this year. Is this the first time that we are going through a bear market in India? The answer is a mixed one. It is a no if […]
For many people understanding risk and preparing for the same is unheard of and non-existent. Here we are talking about a nice educated class of people who hold high positions and handle a lot of money. Like a friend says “Risk for these organisations is the quality of people they have hired to look after […]
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF […]
It is now fashionable for people in the media to write about SIP. I remember in 1998-9 when some of us went around talking about SIP people would look at us in disbelief. Suraj Kaeley who was then with Templeton would go around meeting investors and talking about SIP. We would call him “SIP Suraj”. […]
What is a Systematic Investment Plan (SIP)? An SIP is simply; a method of investing a fixed sum, regularly, in a mutual fund. It is very similar to regular saving schemes like a recurring deposit. An SIP allows you to buy units on a given date each month, so you can implement an investment / […]