Wednesday, September 23
Let's start with your personal storyI am a Mumbai boy, born and brought up in a joint family of businessmen. I have completed a Master’s in Commerce and am a Chartered Accountant by qualification. In addition, I am a CFA charter holder from the CFA Institute, USA.How did you land this job?I have been working in the fixed income industry for about 21 years now. All my previous roles have been great learning curves, where I had the opportunity to learn from experienced colleagues, talented subordinates, and enthusiastic peers. This is a small industry where most professionals in the investment segment know each other. I would say I was at the right place at the right time, and was fortunate to land my current role as Senior Fund Manager with Baroda BNP Paribas Mutual Fund.Prior to this, I
As India’s securities regulator ramps up scrutiny of the options market, some investors are pointing to mysterious moves in contracts tied to the nation’s benchmark index as evidence of questionable trading activity.Traders say one tell-tale sign of abnormal price action can be seen in the so-called straddle on the NSE Nifty 50 Index. A hard-to-explain increase in its price during expiration days has become a common sighting in recent years, though it doesn’t always happen. It was visible as recently as mid-May.A straddle is a bet on volatility that involves buying both a bullish and bearish option on the same asset, with the same exercise level. In a normal situation, the price of the strategy falls gradually throughout the day as the expiration approaches.“Over the past two years
India’s rapid economic rise is undeniable, but the mechanisms of wealth creation have still been exclusive in nature for most and have been a domain of the privileged few. However, they are now being shaped by the growing resilience and aspirations of the middle class. The creation of wealth has become a priority for both the individual and the nation. Rising disposable incomes along with better financial awareness and hunger for smarter investments are driving this transformation. While India adds nearly three people to the ultra-high net worth bracket every day, the growing middle class (expected to reach one billion by 2030) is now beginning to participate in opportunities traditionally accessed by institutional grade real estate investors.In the past, if you wanted to own a commercia
