For investors in the highest tax bracket, the abolition of dividend distribution tax (DDT) has meant an effective tax incidence of 43 per c...

Sampat advised investors to keep their expenses low and invest only in a few companies.

Few imagined that Damani would emerge as one of India's most successful stock investors, seed-fund a retail chain and take it public too.

Parikh, who was running the brokerage and financial advisory firm Parag Parikh Financial Advisory Services, was among the exceptions.

Sampat started his stint in capital markets in mid-1950s when the Controller of Capital Issues (CCI) was in charge of the primary market

Successful speculation is just one facet of Mr Damani, who shuns publicity despite his formidable reputation.