In 1918, an influenza pandemic, popularly known as Spanish Flu (though it did not originate in Spain) infected 500 million people, equivalent to one third of global population then. Out of the 500 million people, it is estimated that at least 50 million died. So around 4% of global population was killed by the virus then. It was the time of World war I. No social distancing was followed. Information flow was heavily curtailed due to war time. Compared to now, the medical advancement was abysmal and so was the necessary infrastructure. The Coronavirus, COVID-19, should deservingly be called as ..read more

Bad news, which started trickling in April, has reached its height on Friday, when GDP growth rate of Q1 was published as 5% Will it get worse than this? Yes, the current quarter (Q2) may be equal to or worse and than Q1. There are two kind of voices always dominating the narrative; those who blindly believe and of those who blindly hate Modi. Most of us are in the middle path, judging each action by its merit. Though we are many, our voice is not heard to the extent it should. The government has failed big time in anticipating the economic trouble and also not using the budget opportunity to ..read more

By this time, you would have heard about the various announcements made by finance minister last evening. The budget she presented last month lacked focus to address the problems faced by various sectors in the economy. Not only there was nothing progressive but also there were regressive steps as well. There has been lot of voices against the apathy showed by the government on economic front. Finally government has taken series of positive measures. These measures include some progressive steps and withdrawal of some earlier regressive steps. What this would do immediately is to build positiv ..read more

Usually I write to you not less than once a month. This time there has been a gap due to some unavoidable reasons. Kindly accept my apologies. In the beginning of 2018, all of you were very happy looking at your portfolio. Last 20 months has changed the situation upside down. The government in the last term was focused on providing basic but essential things like bank accounts, LPG, electricity, toilets etc. They did a decent job on this front. Balakot attacks saw a significant political will in defending the country’s security.  There were no terrorist bomb blasts across the country; which on ..read more

Other than your family, close friends, auditor and financial advisor; stop talking about wealth. More and more we talk about our wealth, relationships become superficial and we end up a terrible bore. World being what it is, talking about wealth would attract wrong people. Also don’t tie up your ego to the size of the house or car. What is good for ego is bad for you and your wealth. Only encourage people who come to you for what you are and not for what you own. In the same way, relate to others for what they are and not on what they have or don’t have. Don’t discuss about wealth while lookin ..read more

For the last couple of years, we’ve stopped adding new clients unless referred strongly by any existing client. I don’t want to get into a situation where I’m unable to personally handle a client. Also I value my free time a lot. To be contented or grow further is an individual choice and I’ve opted for the former. I’ve been interacting and sharing my thoughts for now close to one and half decades and some time get impatient if the core philosophy is still not understood. Whether you invest in an equity or hybrid fund, it takes time to deliver. The expected returns of 15% or 12% happen only ov ..read more

Many of our long term clients are building wealth which would last even beyond their life time. So I thought let me cover today about giving. There are two kinds of giving. The first one is what we give to our own blood, the next generation and even grand children. The second one is what we give back to society, helping the needy. We cannot forget that society helped us in creating wealth. If your wealth is limited to this life time of you and your spouse, you may not be able to leave your children anything other than primary residence. That is fine. As far as giving back to society, please se ..read more

Good things in life never come easy. Take any country, only a small percentage of population is wealthy. Only 1% of us can be in top 1%. Wealth helps to avoid money worries, which is the main worry for most of the population. Markets over the long run have been providing around 15% annualised returns. We believe India becoming $10 trillion economy over next 12 to 15 years is very much possible. This means growth in many sectors resulting in good wealth creation for investors. Equity investing is almost the only way for most of us to create wealth. Many private businesses do not have the return ..read more

Other than our regular meetings and interactions, at the end of every financial year, we make it a point to send you portfolio reports along with our review. Yesterday was the last working day of the market for the financial year 2018-19. We would start sending your reports from next week and we hope to finish the task for every single client by end of April. 2017 was a great year and you all saw phenomenal returns. 2018 turned out to be a horrible year. But for the sharp recovery in the month of March, this financial year had a very bad time. For long term investors, the portfolio returns loo ..read more