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CRISIL And Its Ratings


wealthymattersCredit Rating and Information Services of India Ltd. (CRISIL) is India’s leading Ratings, Research, Risk and Policy Advisory Company based in Mumbai .CRISIL pioneered ratings in India more than 20 years ago, and is today the undisputed business leader in India.CRISIL’s rating experience covers more than 45000 entities, including 30,000 small and medium enterprises (SMEs).

Now if you buy bonds,NCDs etc.you have probably come across CRISIL Ratings.The table below explains them. Read more of this post

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Some Inflation Figures


wealthymatters.comHere are some inflation figures from the report ‘Higher inflation cost households Rs 5.8 trillion’from CRISIL.They can be plugged into the calculator here: https://wealthymatters.com/2011/01/22/inflation-calculator/

Hope this helps with your financial planning.

‘The study shows that growth of private consumption expenditure in nominal terms  increased to nearly 17 per cent per year during this period from 14 per cent in  the preceding 3 years mainly due to the rise in food inflation.’

‘The rise in inflation to 8 per cent per year during 2008-09 to 2010-11 from 5  per cent in the preceding 3 years Read more of this post

Rakesh Jhunjhunwala-The Rare(ing) Bull


wealthymatters.comRakesh Radheysham Jhunjhunwala is a famous Indian stock investor.He lives in Malabar Hills with his wife Rekha ,daughter Nishtha and twin sons Aryaman and Aryaveer and works from his office at Nariman Point in South Mumbai. He regularly appears on various business channels on television to share his ideas and opinions on the Indian markets. He is well-known in investing circles as ‘Rocky’ and among his close associates as ‘Bhaiyya’.He is considered to be India’s Warren Buffett. In 2010, Forbes rated him India’s 51st and the world’s 1062nd richest man with a net worth  of $1.0 billion.He is the first dollar billionaire from India to have made his fortune primarily from the stock markets.

He considers Mr Radhakrishnan Damani as his guru (mentor) and best friend.He counts Kamal Babu, Ramesh Damani and Kamal Kabra as friends.He manages his own portfolio as a partner in his asset management firm, Rare Enterprises (Ra-Rakesh Jhunjhunwala, Re- Rekha Jhunjhunwala).“The sheer passion for markets and the ability to do what I enjoy is what inspires me,” says Jhunjhunwala. He has been asked to manage other people’s money, but prefers the freedom of not having to answer to anybody, and has thus turned all offers down.Rakesh does not try to beat the market as opposed to investment managers who have to answer to a lot of people, and hence look at indicators like how much alpha — or returns in excess of the general market — they are generating. “The only person that I have to answer to is my wife, and she just wants to know what the absolute returns are, not whether I am beating the market”. He expects the market to do very well as he believes that India is at the beginning of an unprecedented multi-decade bull run.Obviously he believes in putting his money where his mouth is as he owns only Indian equities.There are 7-8 stocks that make up 80% of his portfolio, and his holding period stretches from 3 years to 10. Read more of this post

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