The problem with all regulators is that they speak the language of the strongest player. So the Insurance regulator brought in a rule which said “the rider premium cannot be more than the base product premium”. This was because LIC did not have any riders when Hdfc was selling its critical illness rider as a […]

We are a product of the choices that we make AND the choices we choose NOT to make. So when you choose to have 200 shirts and 50 pants, its a choice YOU made to choose every morning what to wear. If you have 5 black pants and 10 white shirts, you have again made […]

The biggest risk in life is overconfidence. It kills. While crossing the tracks or the road when you are overconfident that you will beat the train or the car – can actually kill. In portfolio management – it is not what you do not know that kills you, it is what you CONFIDENTLY know, but […]

When you are floating in a few ‘000 crores of money…what do you have to pray to God for? Good sense. After all it is very easy to earn a lot of Money (Michael Jackson, Tiger Woods, Boris Becker even Vinod Kambli) or inherit a lot lot of money (Ranbaxy, Mafatlal, Ashok Birla)…it does not […]

I heard a few things – and since I hear many things in many such summits – I don’t always understand what it means. Just understanding that I do not understand. Our chief said that there is concentration risk – the top 7 fund houses hold 70% of the assets. Does that not happen in […]

When you talk to fund managers (or any stake holder in the Mf industry) they talk of the following words: a) Corporate Governance b) Investor education c) spreading to smaller towns d) creating greater skills in the distributors and the latest one I heard is having more women in the full chain. Seriously, there are […]

Ajay Tyagi the Chief of SEBI said some interesting things at the MF Summit 2018 organised by AMFI. Let me summarize some of the things that I made note of…and some from my memory: Mutual funds are an important constituent of India – and have helped the country He said the earlier speakers have spoken […]