Some companies in India are more equal than others. Sahara is one such case. No clue about what they do. They can show a thumb to RBI, go to the Supreme Court over a matter, scare the regulator into taking action,…. Congrats to SEBI for passing the order – surely Sahara will say the matter […]
If you hear I have been killed in a road accident, please ask for a CBI probe. The amount of immoral things that corporate India is doing (I am convinced it was not so bad earlier) is unbelievable. The sheer enormity hits you. I have been inundated with mind boggling stories. Many of them involve […]
If a company declares a dividend and the customer does not claim it what happens? Well it gets transferred to the Central Government. What happens in case of a mutual fund where the investor has died and the family does not know about it. Well, er, the fund keeps it. Well technically I may be […]
One advantage of being in the industry for long is you establish contacts. …so you hear stories. Some you remember some you forget. Some journalists tell you stories, some call you for stories… If you were in school in 1977 and looked at Arun Shourie with stars in your eyes….you thought all journalists should be […]
Amazing how Sebi even under Mr. Sinha is trying to increase costs for the Mutual fund industry’s investor… there is no doubt that the mutual fund industry is suffering from the after effects of Mr. Bhave and Don Quixote. However when Mr. Sinha came the industry was (perhaps) hoping for some relief. Well what has […]
This is a pure humor column…figures are completely wrong, but I guess the trend is correct…. 150,000 people selling mutual funds (read as UTI), post office products, etc…. Exam introduced by SEBI (people wrongly call it the Amfi exam) 10,000 people selling UTI products Exam introduced in Hindi 85,000 people have passed the exam…now it […]
True or False: Regulators are appointed to: a) protect the customers b) protect the manufacturers c) regulate and develop the industry d) to speak the language of the strongest manufacturer and help the well established ones. Zero marks to people who chose a, b or c. Let us take the Insurance Regulator’s role. EXAMPLE ONE […]