SEBI, in an RTI response, declined to disclose cases where Chairperson Madhabi Puri Buch recused herself due to conflicts of interest, citing resource constraints. It also refused to share her financial declarations or details of when they were made, citing privacy and safety concerns.
This follows Hindenburg Research’s allegations that Buch and her husband had links to offshore funds connected to the Adani Group. SEBI affirmed Buch made necessary disclosures and that the Adani investigations were largely completed.
SEBI has allowed mutual funds to sell credit default swaps (CDS) under specific conditions, expanding their role beyond just buying CDS for hedging. This decision, aligned with RBI’s 2022 framework, aims to boost liquidity in the corporate bond market.
Mutual funds can now sell CDS as part of synthetic debt investments but only against investment-grade securities and within certain risk management limits. Liquid and overnight schemes are excluded from selling CDS.
AI is gaining early traction in India’s wealthtech sector, with startups exploring advanced AI models like ChatGPT to enhance services beyond robo-advisory. Centricity, backed by Lightspeed India Partners, is using generative AI for prospect identification, recommendations, and advisor training, with plans for a 20-member AI team.
However, industry experts note challenges, such as the lack of data on conversations between relationship managers and investors, which hinders the immediate development of AI-powered investment advisors.
I came across this blog post by @Bhuvan, found it interesting and thought it would be a good read for others as well.
Got to learn a bit of Greek mythology and the origin of the term “Pandora’s Box”.
Some excerpts from the post i found interesting :
The best thing about reading is not that it makes you smart — it doesn’t. What it does, though, is give you some perspective and change the way you think.
Not having FOMO (fear of missing out) is the most important financial skill. It’s crucial for building wealth. If you are susceptible to FOMO, it’s hard to accumulate significant wealth over time.
It doesn’t bother me to see others getting rich. I don’t get jealous or anxious about others’ success.
I am perfectly happy watching you get very rich doing something I would never want to do.
My investing strategy is to stick with index funds for as long as possible and to be average for an above-average period of time.
The ability to do nothing when the entire world is going mad is nothing short of a superpower.
If your perception of other people’s realities becomes your benchmark, the only outcome that’s guaranteed is pure, unadulterated misery. It’s not easy to be content, but unless we find contentment, it’s impossible to have a meaningful life.
I don’t know a human being who, when they reach a goal they’ve set themselves, isn’t dissatisfied. Absolutely always an anticlimax.
