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Testing the water

Mon, 05/25/2009 - 17:42 — admin

The Securities and Exchange Board of India (SEBI) has ensured that New Fund Offerings (NFOs) are no longer the profitable propositions for Asset Management Companies (AMCs) that they once were.

In 2006, SEBI disallowed open-ended schemes from charging initial issue expenses from the scheme’s NAV. Till then, taking these expenses from the NAV (which effectively meant getting investors to pay them) was a widespread practice. Following this ruling, only close-ended schemes would be allowed to charge initial issue expenses from investors.

A Slap for a Panic Attack

Mon, 05/25/2009 - 17:34 — admin

By Dhirendra Kumar | May 25, 2009

From Value Research Online

You must have seen people slapped out of a panic attack in movies. It usually goes like this: character A is screaming because of an approaching flood/nuclear attack/dinosaur/whatever. Character B slaps Character A on the face suddenly and very hard. Immediately, A snaps out of the panic and starts acting sensibly. Last Monday’s action on the stock market was a lot like that slap. Except that this was an unusual kind of panic.

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