I will also do a story saying that the IFA is doomed…and have done one already. However when I say IFA is king I mean there is a huge market of IFAs to whom you can sell. Obviously like all customers the I F A too will buy based on Greed and Fear. The Greed […]
All channels have gone to town saying that the IRDA has come down on mis-selling of ULIPs. Has it really done that? How? Well most channels cannot handle it. However what IRDA has done is simple – they have shifted the cost of mis-selling from the customer to the manufacturer. Till today if you went […]
For readers of my blog this is not a new news. I have not been a fan of any businessman who is more into ‘market capitalisation management‘ rather than business management. When the Reliance Power IPO came at Rs. 450 I did not apply though of course there are many people who applied. I wrote […]
There is a stupid lesson that the government is trying to teach the whole world – ‘spend your way out of trouble’. Luckily Indians may not listen to anything that the government says, so they will not listen to this also. Even the average American is refusing to listen to Obama – he is likely […]
Hey buddy you have no choice – if you do not have equity in your portfolio, Man, you are DEAD! You would hate to hear this if your financial adviser (financial product salesman) were to tell you, but it is the truth. You have no choice in seeing where to invest for people looking to […]
One hears that there are upwards of 3 million IFAs selling some financial product or the other. My take on this is – not more than 10,000 are in it by choice. Most of them would happily take up a job in the financial services sector. Some of them will not get a job because […]
The mutual fund industry has seen a big fall in the assets under management – you can google for the numbers. These have been caused by a combination of reasons – advance tax payments, new debt instrument valuation norms, equity redemptions….the industry itself is shrinking perhaps? What really beats me is the legitimate earnings in […]