Maybe because I am in finance or for whatever reason many people tell me stories of financial fraud. The most dangerous are the ones involving finance and Senior Citizens. Story No. 1: One senior citizen without too much knowledge of banking processes and documentation asked his close relative to withdraw money from the bank. […]
The way the media is talking about the mutual fund distributor, the common man must be thinking that the IFA or the ‘agent’ as is generally known must be a big, rich guy, right? No. Most, if not all are agents by force. The financial service industry is very class conscious and recruits only MBAs […]
Yesterday the Parliament passed the Running Regulator Act, 2012. The Sports Minister said that as more than a Million people had taken to running in Mumbai city alone, and about 10 Million Indians are running all over India, there was a need to regulate the Running Movement. The Regulator will be headed by Mr. Y […]
There is a bunch of investors with whom I am friends with. Some of them are real rich and some of them are super rich. Let us say apart from a nice house with a value of about a Million US $, they would have a net-worth ranging from a Million US $ to 10 […]
As a business if PMS has to sound reasonably profitable the minimum size of the portfolio should be at least Rs. 10 Million (Rupees one crore). Why am I saying this? Well if I have to meet a client 2-3 times a year, take his phone calls 12 times a year and get my staff […]