Today India is celebrating “Ganesha Chaturthi” with full fervor and dedication. Lord Ganesha symbioses knowledge and wisdom. Hindus starts all their ventures after offering prayers to him. He is also worshipped for being “Vighnharta – Destroyer of all evils.”   Last year we explained you how the Ganapati Festival helps you understand the nuances of investment management. Read more Ganapati Festival – From Sthanpana to Visarjana & Your Investments   Current Market Outlook – In recent past markets have recovered much faster than anybody expected. All economies across world are struggling hard to come back to their normal forget talking about growth. India still have partial or full lock down imposed in many parts of the country. Some odd signals like online sales, private car & 2 wheelers or GST collection etc. do bring peace, still until the whole nation is opened to the extent that schools are fully functional, one can’t be sure of corona having been defeated ...

"An investor without investment objectives is like a traveler without a destination." - Ralph Seger Legend goes that it is on this day that Lord Shiva married Goddess Parvati after she observed strict penance on moonless nights for his long life and well-being. Sawan Shivaratri, therefore, marks the union of Shakti and Lord Shiva, the two great forces in the universe. It is believed that observing Shivaratri rituals on this auspicious occasion can help one attain Moksha or Nirvana – ridding you all of your worries. One such ritual being devotees visiting Shiva shrines and carrying Ganges holy water bathing Shiva idols at their temples. There are quite interesting lessons to learn from this great festival for investors. First and foremost is the concept of Moksha or Nirvana. In layman’s language it refers to freedom from all your worldly worries. While a devotee’s sole objective of observing rituals is to attain moksha. We do, as investors, strive to attain Fin...

“We cannot truly plan, because we do not understand the future- but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just take guts.”- Taleb:   Propounder of The Black Swan theory. Pessimism that set in March, still persists in our minds. In fact it has deepened with growing number of Covid cases being reported. The largest question ruling our minds today is - Shall we ever be able to overcome it…………..     and if yes by when and how? Have we ever wondered how have the Indian culture survived for so many thousands of years, how come so many Indians who were transported as labourers to many African and European countries centuries ago are now ruling the roost or how come most of the top 20 firms in the world have Indian heading them and so on……….. The only reason to above and many such questions is our “ Ability to Adapt ”. We are fast learner and very quickly adapt to new situation. Indians enjoys six different we...

"Without continual growth and progress, such words as improvement, achievement, and success have no meaning" – Benjamin Franklin Yesterday the Finance Minister doled out her fifth and the last tranche of the 20Lakh crore economic package to lead the economy out of the current corona crisis and fire its growth engines. PM in his address to the nation on 12 th May had laid lot of emphasis on Self Reliant India. And this package seems to be addressing the same to a good extent. It had almost all the provisions that industry had been asking for quite some time and also a desire to push SMEs on path of growth including micro enterprises. But does it serve the purpose of the moment – we think a lot has been left to be desired. Presently it’s not the question of lack of money with businesses that has put them on the path of degrowth, but the lack of demand or consumption. Now we are in lock-down v4.0 and a lot of activities have been allowed including the sale of goo...

"Remember not only to say the right thing in the right place, but far more difficult still, to leave unsaid the wrong thing at the tempting moment" - Benjamin Franklin All of us have just finished hearing out our prime minister’s address to the nation. If I have to sum up his speech in three words, it would be ‘ Adversity Offers Opportunities ” and he seems all ready to create and encash the opportunities out of this corona crisis. He announced that government will pump in 20 lakh crores into the economy to ensure that it fires on all its engines and grow exponentially from here on. His focus is not only on becoming self-reliant but also on revival of SME sector which is the largest employer of the workforce. During his address mention of Khadi should give indication the preference area for the government’s stimulus package. While we wait for the Finance Minister to detail out the complete package and read the fine prints how exactly it will get rolled out and ...

The rich invest in time, the poor invest in money. – Warren Buffet Stock markets enjoyed large swings on either side in March-April. Markets came tumbling down heavily by around 40% from their peaks in March and then rising again by around 30% from their recent lows. These numbers look very fancy for statisticians but for investors they become meaningless as despite markets rising by around 30% from the recent lows, their investments made over last 2-3 years are still showing losses. Do these recent upsurge means markets have recovered and chances of going further down again are over? WE DON’T THINK SO. Stock markets are regarded as leading indicator for future state of affairs of the economy. With economy under lock-down for over a month now, where economic activity on even basic needs of ‘Kapda & Makaan’ can’t be carried out with sole exception of ‘ Roti’. Even for healthcare, except for maternity and emergency no other diseases are being attended by the doctor...