The idea was very simple. 11 SMEs from various industries. 20 minutes to explain their business , growth, financials and expansion plans. No Q&A session. Audience: Interested investors & Me Location: National Stock Exchange, BKC Off late, I've started venturing into a lot of new things. One of them includes visiting places/sessions/seminars/events to see what new is out there (even if that means I have to go alone). About a week ago, my father noticed an SME (small to medium enterprises) stars meet event opening on the Alpha Ideas blog page. Now I work Monday to Friday, so sacrificing my Saturday morning sleep, I must admit, wasn't something I was looking forward to. However......
Dewan Housing Finance Corporation Ltd. is a home finance company which has caught itself up in a problem they did not see coming. So what's all the fuss about? This is what normally happens : You put your hard earned money in a low risk debt instrument (usually marketed by a mutual fund) and forget about it for sometime because you know (or atleast you think you do) your money isn't going anywhere. DHFL comes and borrows money from a debt mutual fund for its HF loans. This keeps on happening periodically and the general understanding is that the company will repay your MF in regular intervals of time. End of story. This is what has happened :
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