Value Research

Dhirendra Kumar walks through every decade, from your first salary to your last.

The regulator has named both halves of the cure for insurance mis-selling. Only the easier half is likely to happen.

Before you switch out of it, there is one thing you must understand.

Spending is not the opposite of saving. The mistake is spending out of step with where you are in life.

Why the best investors check lists, not just conviction

Dhirendra Kumar breaks down what's actually inside your REIT payout.

When everything sits in one pool, every goal is available for the next tempting idea

What actually decides whether it's a good investment?

SEBI has cut a door into the wall that kept most investors out. What lies behind it is less special than the price of admission suggested.

Whether AI is a bubble matters less than whether you are behaving like one

The 'safe' choice may be the riskiest one in retirement.

Your portfolio needs one careful look a year, not a daily glance at the red and green

The new regime ended the old March scramble over tax-saving; the instinct behind it has merely moved up the wealth ladder

Wait too long to sell, and the market will talk you out of it.

I make a living telling you the headlines cannot help your portfolio. This time, I find I cannot look away.

How much you save every month matters far more than which fund you pick

For 25 years, one investor bought at the lowest price every single month. The other just invested on the 10th. Who came out ahead?

The RBI has just told you exactly how banks have been selling against your interest

A business can improve in plain sight for years before its price admits it 

Winning at insurance is a stranger problem than it sounds.

Musk says stop saving. His own logic says the opposite.

SEBI created flexi caps in 2020 to fix this exact drift. Six years on, the drift is back.

Booking profit feels smart. It's usually a mistake.

A soaring price has rebalanced your portfolio for you, in the wrong direction. Here is how to fix it.

The problem gets worse the bigger the fund grows.

Forget the trillions being bet on AI. The revolution that matters is the one you can build for yourself, for free, right now.

The PM appealed against gold on Sunday. Customs duty rose 15 per cent today. By evening, HDFC withdrew its Gold and Silver NFO. Here is what to do about your portfolio.

What you can do right now, without waiting for any rule to pass.

The market misprices stocks using outdated assumptions. The opportunity lies in that gap.

The people who would benefit most from third-party SIPs aren't the ones this rule is designed for 

Which funds to pick, and what to do when the market crashes: Dhirendra Kumar breaks it down.

Don't think higher of something that is more complex, especially in investments, says Dhirendra Kumar

It's the kind of time when we need to absorb the wisdom of Guru Buffett

Four kinds of letters arrived after last week's column on West Asia, and the largest pile asked the same question

A simple strategy to protect our investments

Dhirendra Kumar explains why 'this too shall pass' may not apply this time — and what that means for your investments.

The largest active fund today manages more money than the entire industry did when this magazine started

For 30 years, I have told readers to ride out every crisis. The US-Iran war is the exception, and the reason matters more than the news itself.

Trader, mathematician and writer Nassim Taleb thinks that markets are far more random than we think and increasing reliance on models and investment theories may be making financial disasters more likely.

The PM's list isn't about gold. It's about something bigger.

Why confident predictions about markets usually get the most important things wrong

Sometimes waiting for too long can lead to missed opportunities

The Prime Minister's seven appeals are about consumption. The signal they carry is about the rupee.

Blindly following brokers and advisors can quietly destroy wealth. Good investing starts with questioning advice, not trusting it blindly.

Your Salary Has Stopped. Your Expenses Haven't.

The real edge in investing isn't being able to connect the dots and spot winners - it's the ability to invest capital that is truly yours. That is real safety.

History has the Great Man theory, and likewise, the field of investment can have the Great Investor theory. But can there be a great investor, or can anyone become one by following trends?

The data says no — and here's exactly what it costs you to say yes.

Waiting for certainty is just another way of paying a premium

Investors who obsessively follow financial news often harm their own interests by overreacting to it. News is about the short-term, which investors should mostly ignore...