The US asset management industry is as action packed as a Micheal Bay movie right now if you get what I mean.Read More
Recently news broke that the investors ousted both the founders of FundsIndia. This came as quite a surprise to everyone, but a little bird had vaguely told me a couple of months ago of some of the bad tidings there.Read More
Ever since the IL&FS default and the ZEEL saga, investors and commentators have been wondering about the next crisis in debt mutual funds. Well, as the old saying goes, Be Careful What You Wish For… It Just Might Come True. Come true it did!Read More
Well, DHFL Pramerica Mutual Fund finally sent out a communique to all its investors on the DHFL fiasco. Remember DHFL funds fell anywhere between 10% to 50% post the default by Dewan Housing (DHFL). Luckily for the mutual fund, it’s exposure was not as high as others such as UTI MF and Reliance MF and the schemes were small in size. But the fall in percentage terms looks horrific.Read More
The election results are set to be announced on May 23rd. And the markets are clearly spooked because they know something – Modi isn’t coming back to power, perhaps? This does make sense given that most informed experts are predicting that the BJP will find it hard to come back to power. And these are some of the smartest people around, so, their word means something.Read More
Came across this tweet by Professor Sanjay Bakshi and I just had to share this. The ability to destroy our best held beliefs and ideas.