A friend gave me lots of paper saying “My cousins husband has died, she is a nominee will you please transfer all the mutual funds to her name”. I said this is a breeze, will do it. Then started my ‘breeze’. DSP Mutual fund, Idfc, SBi mutual fund, Icici Prudential, J P MOrgan, Franklin Templeton,…his […]
Year: 2009 Month: July Mr. C B Bhave abolishes mutual fund loads. This event of abolishing loads by SEBI (on the mutual fund sales) there is increasing pressure on other regulators to reduce charges / fees. So the following scenario can emerge: IRDA has decided that all life insurance products – term, unit linked insurance, […]
Do you get picked up by friends, colleagues, etc. as a party pooper? Typically if they know you make some healthy choices in life – like eating salads instead of deep fried foods, do they stop inviting you to a party? I got this funny feedback from a friend that his wife’s friend told them […]
One big time broker who is also a CA….was involved in a fraud case. He went to jail – as did his father. Father-in-law was lucky he was spared. The father told one of my friends: “I do not know what my son did in life, but thanks to him I saw the jail”. For […]
Normally the Avenues for Retirement Planning for the Indian population would be the following: PPF , PF, EPFO , Mutual Fund Pension Schemes, Retirement Planning products from Insurance Companies, bank fixed deposits and post office schemes. A very small part of the population created its own customized Individual Products. This could be a couple of […]
Parroting ‘time spent in the market is better than timing the market’ is done by many journalists especially in the financial sector. However it does not giving the following advise: “It is your money. So if you are nervous about the market move into cash” When there are dark clouds, when you are feeling sad, […]
Guru Purnima or Poornima is a very important day for all of us…because we are all students all our life. In fact the people I know who do not grow old are people who keep finding new things to do…so keep learning! One amazing Guru story is attributed to Jagadguru Shankaracharya of Kanchi. One journalist […]