Ten years ago it took some courage to stick to Hdfc mutual fund. They had one scheme called Hdfc Growth fund and it did reasonably well. However it was seen more as a debt fund house rather than as an Equity fund house. In 2003 Hdfc Mutual fund took over Zurich Mutual fund – and […]
So as expected the ULIP bill is passed. I am not sure about my numbers but if the mf sales: ulip sales is 1:300, to even think the MF industry will be called for a meeting sounds funny. The mutual fund industry in India is going through a real hard grind – some partly its […]
Many organisations have a designation called the ‘Wealth’ manager. I have often wondered about the enormity of this task. You really have to be a friend of the client and you actually need only about 30-40 clients of good size to make a decent living. How is a wealth manager different from a Financial Planner. […]
Retirement Mistakes. Retirement, purportedly is the most important goal for most of the readers of this column. At least that is what most of the mails that I get say. Yet, looking at the numbers, it is clear that many investors are undermining their good intentions with unfortunate actions. Or inactions should I say? […]
Ration lines were in existence when I was in school. So one knew that India had a food shortage. Wheat used to be called PL480 wheat – what was unfit for consumption in US was sent to India. One of the honourable Ministers of yester-years Mr. C Subramaniam set up Food Corporation of India. This […]
A friend asked me to see value research online – and see the lead story on why you should distrust your adviser. I was amused because ‘How to select a financial adviser’ is a topic with which I have often grappled for and on behalf of many friends. Let us take a typical ‘media’ answer […]
Recently a very senior executive from a Pharmaceutical company came to see me (let us call him Mr. A). He was earning well, had a nice house, drove a nice car, ….to the world he looked successful. However he had 2 major problems – his son (age about 28) and daughter (aged 25) were quite […]