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Quotes From Dhirubhai Ambani

September 6, 2011 55 Comments

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Personally I admire Dhirubhai Ambani’s way of not letting other people circumscribe his dreams.I believe that if a person can dream up something he/she can do it.It may take time and effort and persistence but its not impossible. Personally I believe dreams are worth fighting for because they are a representation of out truest self and out innate abilities.Anytime I have self doubts I find that reflecting on incidents from his life gives me courage.After all life has not tested me in the way it did him.And anytime anybody tells me that something is undoable in one lifetime I just tell myself to see how far Dhirubhai came in one lifetime.Following are some quotes from the great man.Use them to spur you on in life.

“Only when you dream it you can do it.”

“For those who dare to dream, there is a whole world to win!”

“I, as school kid, was a member of the Civil Guard, something like today’s NCC. We had to salute our officers who went round in jeeps. So I thought one day I will also ride in a jeep and somebody else will salute me.”

“I am deaf to the word “no”.” Read more of this post

Filed under Entrepreneurship, Theory Tagged with Dhirubhai Ambani, Dreams, entrepreneur, Entrepreneurship, post a day, Quotes, RandomBlog2011, Reliance

MIPs – Monthly Income Plans

July 11, 2011 3 Comments

MIPs are hybrid debtoriented mutual fund products.They are great places to park money if you have a 2-3 year horizon.The majority of the money in this case is invested in debt and the NAVs fall when the interest rates rise.Currently the equity markets are showing some weakness and the interest rates are high,so MIP NAVs are low.So its a good time to pick up MIPs .HDFC and Reliance are 2 fund houses that are known for their treasury management operations.And HDFC and Birla Sun Life MIPs have perfomed well due to superior management of the equity component.

Here is a video that walks you through the ABCs of MIPs:

Filed under Paper Assets, Theory, Tool Kit Tagged with Birla Sun Life Mutual Fund, debt, HDFC Mutual Fund, hybrid debt oriented mutual fund, Interest Rate, MIP, monthly income plan, mutual fund, NAV, post a day, RandomBlog2011, Reliance Mutual Fund, treasury management operations

The Nuances of Liquid and Liquid Plus Funds

July 10, 2011 1 Comment

Mutual fund schemes known as liquid funds /money market funds/cash funds and ultra short-term bond funds/liquid plus funds are options for parking funds for the short term.They allow for a high degree of liquidity.They are alternatives to keeping money in a savings bank account or a short term bank fixed deposit.

Liquid funds invest in money market instruments of residual maturity up to 91 days.Liquid funds have the lowest volatility in returns among all categories of mutual funds because there is there is no mark-to-market (MTM) valuation of the portfolio on a daily basis unless there is a trade in the secondary market in the underlying security .Practically there is no trade in money-market instruments and valuation of daily NAV happens on an accrual basis, i.e., by adding the coupon accrued for the day without any mark-to-market impact. Read more of this post