The way the media is talking about the mutual fund distributor, the common man must be thinking that the IFA or the ‘agent’ as is generally known must be a big, rich guy, right? No. Most, if not all are agents by force. The financial service industry is very class conscious and recruits only MBAs […]
It is not easy being in the retail business. And surely not so for arrogant old economy companies who have sold in the control regime economy. So what should you do if you get bad service? Go viral. Yes the Indian net penetration is no patch on the US as a %age of penetration, but […]
There are so many listed banks that it is not funny. Sadly most of them have the same (not even similar, same!) business model. Open more branches, appoint relationship managers, do third party sales – mutual funds, life insurance, real estate,…etc. Hopefully the interest rate spreads will make some money, the 3rd party products […]
Attended a gyan session by a fund manager who said why we should be buying equities NOW. Of course I have never heard any fund manager say ‘do not invest now, markets are overheated and over priced’. Never. NOR do I hope to. After all in an aum based rewarding system even vegetarian fund managers […]
I know of a friend who is about 45 years old and he has NOBODY in the world. A single child, his father was also a single child. His mother was a rebel who did not keep in touch with anybody at all. Now after his parents death he has nobody at all. It is […]
On Monday 2nd July there will be a meeting at the North Block, Finance Ministry 10 Ceos of Asset Management Companies, their club Amfi’s top brass, Sebi chief, will meet the powers that be in the finance ministry to decide whether the INVESTOR should pay fees to the Independent Financial Advisor (a.k.a BANKS). Funnily the […]
“Invest like Mukesh Ambani” or “Invest like Warren Buffet” or “Vallabh Bhansali”…are all very sexy and very very media like advice. And typically stupid, wrong and impossible to implement advice. Do not even read such articles further. Face it. Whatever it is, in this birth you are not Buffet, Ambani, Jhunjhunwala or Bhansali. Fact is, […]