A.     SEBI raids offices and locations of Quant Mutual Fund suspecting front running in its schemes. B.   Grow an online mutual fund transaction platform for direct investors, committing fraud with its investor. Since yesterday morning these two news are making headlines across electronic and social media channels. Investors are worried how safe are their investments and what should they do now. We have received dozens of calls seeking our views on these news and action points. Lets discuss them one by one and likely impact on your investments. A.     SEBI raids Quant Mutual Fund Offices – Quant mutual fund has grown by over 1000 times in last seven odd years from the time they took over Escorts Mutual Fund in 2018. Quant’s assets under management (AUM) stand at over 93,000 crores. Quant practices momentum strategy very aggressively and have been quite successful over last 3-4 years. Peers in most categories lagged performance by a decent margi...

"The market does not trade upon what everybody knows, but upon what those with the best information can foresee" – William Hamilton Over last few days we saw friends observing Lent, Ramadan & Navratri. Today we are celebrating Ram Navami & couple of days later we will be celebrating Mahavir Jayanti. If something common can be drawn from all these is the most essential virtue of surviving and thriving in this world which is – Patience & Preservance. Be it observing fast during Navratri, Lent or Ramadan or life of Lord Ram or Lord Mahavir Jain – they all teaches us how patience & preservance penultimate in Nirvana. We all are working to survive, thrive and ultimately achieve the financial freedom or Financial Nirvana. And to achieve this nirvana we are investing in market related investment products. While in the long run most market linked investments achieve their true value but in short term it’s market prices are determined by many forces, some of which ...

  "The market does not trade upon what everybody knows, but upon what those with the best information can foresee" – William Hamilton Bank Collapse in USA - After the Adani saga it was the turn of some sensational news from so called robust but deteriorating financial system of USA. Collapse of Silicon Valley & other banks in USA are just the cases of cash flow mismatch and investment calls going wrong. By now you must have read enough on this. Still should you wish to understand what this story is all about, you may call your InvestmentMitra for the same. Thankfully SVB hadn’t financed any of the ventures from Adani group, otherwise pessimists would have declared doomsday for India as well. Adani Saga - Good part about Adani’s saga is that Adani as a group has interest across diversified industries and geographies. It has created a good mix of domestic and international debt. Adani group’s businesses are real. The promoters have prepaid a good amount of debt maturi...

  "We are all born ignorant, but one must work hard to remain stupid" – Benjamin Franklin We are just a month away from closing of this financial year. There are a host of changes that have to be done by March 31, 2023; failure to comply with these norms will cause disruption in your investments. Let us look at these changes that can impact your investments:   Aadhaar-Pan linking It is important to link Aadhaar and PAN as early as possible. The last date to link the two is March 31, 2023. In case you fail to link your Aadhaar with your PAN before 31 st March 2023, your PAN will become inoperative. And wherever your PAN is quoted, all such investments may also become inoperative. So double check if your PAN is linked with your Aadhaar. As per Department of Revenue Notification no 37/2017 dated 11th May 2017, following categories are exempted from Aadhaar-PAN linking (i) NRIs (ii) Not a citizen of India (iii) Age > 80 years or above as on date (iv) State of resi...