Money in my hands
I lost my father in Decemeber. My father had kept about Rupees 70,000 for each of his daughters. On my way back to my house I visited my elder sister who lives in Bombay. My sister and the money in my hands paved way for my entry into then the ‘alien’ world of share market. My elder sister who is very intelligent is also well-versed in managing money. She managed her life smartly after losing her husband at very early age. I am saying intelligent because, she didn’t get opportunity to study beyond class 10. It happened so that one day during my stay she got dividend return from one of her mutual fund investments (Reliance Vision). With a cheque in her hand, she started telling how she has started getting cheques twice and even thrice a year. Money in my hands, then and there, I decided that l will start putting my money in mutual funds. I didn’t know what mutual funds were , how they work, what is NAV or, diversified funds, I was totally illiterate in the entire world of shares and share market. I just wanted to make money or earn money, that's all. I Dreamt on, all the way back to Delhi. And, when I reached home, I told my husband that I am going to invest my money in mutual funds.I don’t know what went through my husband's cool mind, he did not respond as always. Probably he might have thought in his mind that he may squash my instant enthusiasm. He always takes time to say something. I was bent upon putting money to get cheques (eggs) from my acquired chicken. He played on and on to prevent me not to put my money. I retorted back and told him why should he worry, as it is my money. Finally one fine day after two months of my continued non-stop persuasion, he yielded and agreed to take me to the nearest dealer who sells mutual funds. I will narrate the next bit of my story in my next post.
