The effect of Damodaran removing loads on mutual fund has been good for Life Insurance companies if the first cut or reaction is to be believed! Many planners who were avowedly against Unit Linked products are now recommending UL products whole heartedly – well almost! What the future holds one knows not, but watch this […]
I know this may sound sacrilegious, but the housing loan (mortgage) interest deduction is the most over-rated tax strategy in existence. I constantly hear happy “homeowners“ boasting about how much money they “saved“ with their mortgage interest deduction. Asking your boss to reduce your salary would perhaps have the same effect. If you are […]
“Does my family really need Rs. 4 crore on my death?” When I suggested Rs. 4 crore as sum assured for a customer, this was his immediate reaction. Typical of us, I thought. When a sales person gives us a product/scheme our first thought goes to the ‘commission’ he or she makes. I keep wondering […]
My name is P V Subramanyam, a Chartered Accountant by qualification and a financial trainer by profession. To make money you need simple ideas and discipline. Hopefully that comes out in the blog. After a 20 year career serving in the trenches of the financial services industry – from Equity broking, mutual fund advising, corporate […]