FMPs have had a great relationship with Asset management companies and with the investors. Fixed Maturity Plans (FMPs) were initially instruments which were mutual funds with ‘banklike’ products. You could buy a FMP with maturity ranging from 30 days to 180 days. Then a couple of FMPs were launched with 300 days maturity, then 366 […]
Personally speaking credit cards is something I lived with for most part of my life. Till it became embarrassing not to have one. I needed it for travelling, ticketing on the net, etc. so I got one. There are many ways how a person can use his credit card sensibly. As far as I can […]
When an insurance advisor approaches us, we are normally not in too much of a mood to buy life insurance! So when you are short of money, or if you (or your spouse) have lost your job the first casualty is the life insurance premium! You have just joined the 500,000 people who have lost […]
I have a brilliant friend who has worked for many big and important media houses. He told me once – when he was heading a magazine – “I have made up my mind, please do not confuse me with the facts!”. This was when he was doing a story on mutual funds and unit linked […]
It is amazing that strategies which looked very smart in a bull market can make you look very foolish in a bear market. One ‘house marketing’ company based in the suburbs of Mumbai had a big team to sell ‘second homes’. Obviously the team included marketing people, branding, sales, call centre…etc. These were people who […]
CSGL Account stands for Constituent Subsidiary General Ledger Account (phew!). Certain SGL holders like corporates, PF trusts, individuals, institutions, state governments, Nri, Ocbs, FIIs, – registered with Sebi/Rbi can open a CSGL account but not a SGL account. It is a second SGL account at a PDO so that they can act as a custodian […]
Retirement Planning – sounds very intimidating to many people. However, like all long journeys it begins with a small step. First of all you need to accept that you will retire, and like all events in life the person who is better prepared will face it better. So retirement planning can be made to look […]