There are a lot of people who do not conform. The sometimes do not do well academically in school, office, either marry late or marry badly, some marry ‘outside’ the community,….there are many non-conformist. To me the non-conformist is an enigma. Dr. Balamurali Krishna (he has all the awards other than the Bharat Ratna) is […]
With the zero load in mutual funds it is perhaps not too wrong to expect that many fund advisors will get out of this business. I am not sure whether this is a correct assumptions but it is a logical one. Will it really happen? Let us see. There will be many people in the […]
If on your way to prosperity you have accumulated many advisers how do you ensure that they are on the same page? Let me tell you the woes of one of my friends. Typically he has 3 Relationship Managers, one I F A, one Portfolio Manager, one C A who files the Income tax returns. […]
Caller: Hello Mr. Subra…may I come to see you? Me: Sure..what is it regarding Caller: a mutual fund NFO Me: You know my stand…why are you even THINKING of coming…? Caller: No sir need a favor… The caller is a small time mutual fund and other financial products distributor who does some general insurance, life […]
A few days ago I had given 3 interesting scenario with the question: ‘Do they need life insurance?’. Here is the answer to the first story. Am summarising the story for those who came in late…and those who do not wish to go searching for the story: Mr. Rajesh is a well off builder. His […]
For a new person is it worth being an IFA? – Independent Financial Advisor for those who do not know what is an IFA. My take is if you are professionally qualified and can get a decent job in the outside world, it is not worth being an Ifa. We recruit Chartered Accountants at Rs. […]
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 […]