A flawed structure has been imposed on the fund industry ostensibly to protect your interest

Mutual funds (MFs) take money from you to invest in the market. But what are the legal provisions in place to protect your interest? Take a look at the structure of the fund industry. There are three ‘entities’ involved. The first is the ‘fund’ – the pool of money belonging to investors. The fund is...

Prices of all things are up except stocks; it is good for long-term investors

I am sure those of you who are in the stock market must be worried like hell. But look again. The market is giving you another opportunity to get in and participate in the growth of Indian enterprises. Just about six months ago, everything looked expensive and most believed that it would get more expensive....

Ranbaxy promoters are getting away with a much better deal. It is time SEBI closed this loophole in open offers

The recent corporate action in Ranbaxy is interesting from a minority shareholder point of view. The promoter is selling his entire shareholding to the acquirer at a price that is substantially higher than the ruling market price. The promoter-shareholder will also have some other...