Having been in the financial services industry for a long time has its advantages and disadvantages. The advantages are you know many people. In fact too many people.
So when a product is launched or being launched you get a sneak preview. I had got a sneak preview of the NPS’s rates. Looked too good to be true.
Personally I will not invest in the NPS nor will I ‘sell’ – because principally I think Government is not a good business man, does unethical things, …too many complaints. In fact I will sound like Dr. Khan (who sounds like Ayn Rand).
But largely trusting the government with long term money, to me is like committing suicide. Will never do it. Now if the NPS collects say Rs. 100,000 crores…then Rs. 30o,ooo crores, the government will be tempted..and I do not trust the government…read on what my American friend has written..
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