Karda Construction Limited (“Karda” or the “Company”) is a well-established Nashik based group having its presence in the construction industry for more than two decades. The Company is focused on developing affordable housing in the residential segment and from year 2001 onwards, the group diversified into commercial segment. To mitigate the risk of dependency on…
Vodafone Idea Default: Impact on Debt Mutual Funds
What really went wrong with Vodafone Idea? Brief background: Fifteen telecom companies owe over Rs 1.47 lakh crore to the Government of India in lieu of past license fees, spectrum charges, interest and penalties (“Adjusted Gross Revenue” or “AGR“). Vodafone Idea alone owes the Government over Rs. 54,000 Crore in this regard. Keep in mind:…
Top Dividend Paying Mutual Funds
Dividend Paying Mutual Funds – Typically, these mutual funds (i) invest in stocks, and; (ii) follow a strategy of investing in stocks that generate a higher dividend yield. When are Dividends paid to Investors? Mutual fund schemes declare dividends for its unit holders, traditionally at the end of the financial year, from realised profits in…
What’s causing the narrow stock market bull run?
When I don’t know how to get attention of people, I try this: Do you know that there are more people alive today than have ever died. Yes, you can fact check this. The number of people alive on this planet today outnumber (by far) the number of people who ever died on this planet.…
Why Are the Indian Stock Markets So Expensive?
If you compare Indian stock markets to global markets both developed and developing, Indian stocks are trading at a much higher valuation. Consider this, the ‘MSCI India Index’ which had grown at par with the ‘MSCI emerging Markets Index’ from 2004 to 2014, is today trading at a 42% premium to the latter. Further, MSCI…
Government Disinvestment Turning Into Distressed Sale?
Recently, Union Finance Minister Nirmala Sitharaman had announced the Government’s plans to raise Rs 1 lakh Cr via disinvestment by selling their equities in five PSUs – BPCL, Shipping Corporation of India (SCI), Container Corporation (Concor), Tehri Hydro Development Corporation and North Eastern Electric Power Corporation. The Cabinet Committee on Economic Affairs (CCEA) had approved…
Bharat Bond ETF – Should You Invest?
The Government’s move to launch the Bharat Bond ETF is no doubt a good decision as it deepens the corporate bond market in India; But it comes at a time when retail investors are most likely to underperform even a basic Fixed Deposit if they invest in this instrument for the short term. Before I…
Protecting Your Stock Holdings – Post Karvy Stock Brokers Fiasco
The problem is that there is never just one cockroach in the kitchen! If Karvy Stock Brokers screwed up, so will some others. Sure, many stock brokers will be taking defensive action given how SEBI has dealt with Karvy. That said, more Karvy like issues cannot be ruled out. What Karvy Stock Brokers Did? When…
Hi-tech Pipes Stock Analysis
Hi-Tech Pipes Ltd. (“Hi-Tech” or the “Company”) is involved in manufacturing steel pipes, hollow sections, tubes, cold-rolled coils, road crash barriers, solar mounting structures, strips and a variety of other galvanized products. Hi-Tech serves various industries ranging from infrastructure (including telecom, defence, power distribution, railways, and airport), construction, agriculture and among others. Date – 26th…
Don’t stop your Systematic Investment Plans – The only Rule of SIP Investing
I usually don’t write about these things, but not only for retail investors, also for the most sophisticated investors, Systematic Investment Plans or SIPs are the best way of making money over a longer term. I have seen investor behaviour for close to 2 decades and what I have learnt is that no matter how…
Concentrated Portfolio of Stocks
6 years ago I had written an article on the benefits of having a concentrated portfolio of stocks. Some of the things what I had mainly discussed in that article was 2 things: [1] How to select stocks: How should you zero in on a list of stocks (i.e. Universe of Stocks) [2] How to…
Confessions: What your Financial Advisors will not tell you
This is 100% true for 100% financial advisors; Just that some tell it more than others! (1.) We are likely to disclose selectively– No mentor ever told his prodigy – ‘you will have to lie to succeed’. That is not something anyone aspires to do. What financial advisors do all the time however is to…
SEBI Registered Investment Advisor INA100004608