ML: Tell us how you came into the fund management business.
TP: My father was a chartered accountant and I felt that was the right thing for me to do. Before joining CA, I worked in an audit firm. Actually, I think my understanding of companies and business really goes back to those times. For instance, I remember having gone to audit an agricultural bank in Mehsana, Gujarat. The largest and...

Every few years, the government appears to take note of the fact that companies enhance promoters’ net worth through a stock listing and then attempt to keep control by ensuring that the floating stock is barely in line with the listing requirements. So the government or the Securities and Exchange Board of India (SEBI) make noises about asking companies to increase their public shareholding...

What has GDP got to do with stock price movement? Experts assume that the two are positively correlated. That’s another market myth

One of the most well-entrenched market myths, frequently bandied about by stock experts, is that stocks will rise because economic growth (as reflected in expanding GDP) is at a fairly high level. Among the most common refrains you hear is: “After all, even at...