The Impact of Tax Rate-cuts on Value: Game Theory and Dominant Strategies

Most people in India, especially her investors, have welcomed Indian Government's Corporate Tax Rate-cut with fanfare. While first level thoughts may deceive us into believing all that extra money directly adds to the value of all companies, a deeper level thought process provides a more accurate understanding.

HDFC AMC IPO Valuation: Speed Demon

'Mutual Funds Sahi Hai' says a famous Indian TV advertisement. While the slogan is used and abused several times over, the sentiment seems to ring true with many Indians. We know for a fact that only 2-3% of India invests in Equities directly or in Mutual Funds. However, the general trend is that the number of people investing in these modern savings schemes have increased drastically. So, it would be an understatement to say that HDFC AMC filed for an IPO at the most opportune of times. With HDFC AMC's IPO opening today (25-07-2018), I wanted to register my thoughts on the company and its Valuation before I could be accused of hindsight bias from the Listing Price.