Rally Winners

After an all-time high in January 2008, the market corrected almost 30% until March and has since retraced a part of the losses. How have mutual funds performed during this short rally between 17th March and 2 May 2008? Here is a snapshot. Out of the 234 equity-diversified growth funds, we have excluded 34 funds which are institutional plans. Of the remaining 200, only 20 have managed to...

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Unexpected, Unalloyed Joy

It was just another ordinary day. I had finished my class and stood at the turning point of the road. My much criticised wandering eyes drifted towards the bookstall (I love reading). I just casually picked up a magazine called MoneyLIFE. I didn’t know what was in store. It was the 6-20 December issue of MoneyLIFE. The casual reading mood at the beginning started transitioning into a serious...

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SBI Credit Card Woes

I used to hold a credit card from SBI and had to take the tough decision of cancelling it as there would always be a problem in the statements from them. In fact, getting through to their call-centre is almost like attaining nirvana. I took a letter from them saying that there are no dues pending in August 2007, but even today I keep getting their statements telling me that there are unpaid...

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