For those who do not remember their Mahabharata, here are 2 stories from it. While living in the forest one day Draupadi asks her husband for some water. Yudhishtra sends Sahadeva (his youngest brother) to fetch water, but he does not return. Then when all his brothers do not return, Y himself goes to see […]
Google Map and Financial Map When I landed in Chandigarh to go to a place called Jibhi (Himachal Pradesh), I got into a taxi and looked at the Google Map. I needed to know in how much time I would reach. It said I would reach at 21.18 hours. Well, I got into the taxi […]
I have been asked many questions about Franklin Templeton – let me answer each question… a. I have invested in the 6 debt funds of FT, will I get back at least my Principal? Answer is yes. I had said this in April 2020 also – there is a liquidity crisis, not a solvency crisis. […]
There have been many bankruptcies of brokerage firms and people have lost a lot of money. The biggest scam of the year of 2019/20 must have been Karvy at Rs. 5000 crores – but others like Anugrah at Rs. 1000 crores were not small either. I am not getting into how people lost money, but […]
For those who are seeing just this part, please see part 1 (the problem), part 2 (the solution and the explanation given by X -the Amc) and then come here (the client’s epic response). A is the name of the Investor, and X is the name of the Asset Management Company. Read on… X’s response […]
Since I published Mr. A’s summary of what happened, I thought it was just fair to let the Mutual Fund house to give its side of the story. I seriously wish they had given a better reply, but they have given some reply. I am not judging the reply, nor am I commenting on its […]
There are a few important questions to ask BEFORE you accept your Relationship Manager’s (or Advisor’s) suggestion to invest in a mutual fund or life insurance policy: Is the person selling you this product qualified, and licensed to sell this product – and when was the license first obtained. Even for a minute I am […]