One amazing rule of investments is called the ‘Golden Rule of Investing’. The Golden Rule says “he who has the Gold, makes the rules of investing”. If this post gets you nostalgic, you must have been born in the 1960s!
Once upon a time there used to be a ‘ring’ in The Stock Exchange (you dummy [...]
Authentic customer statement. Of course I would not have been surprised or shocked if my driver or maid servant had made this statement. It was made by a bureaucrat – obviously by now you know in which ministry!
Do not wish to talk about this person, but it is really amazing how the people who ‘run’ [...]
This article appears in its original form in Financial planning magazine…It is an American magazine and the survey and findings are about America. Indian facts may not be very different…
Americans say that despite daunting circumstances, they have developed a more practical attitude toward money and retirement since last year, according to a study.
In a new [...]
If you are a journalist life has become easy these days. All you have to do is to find One incident and do a big story. I mean the story of N Sundaresha Subramanian in DNA Money done on April 02, 2009. It is a story on how Birla Mutual Fund (the Amc) is bending [...]
· Right of “Proportionate Beneficial Ownership”
· Right of timely services
· Unit holders entitled to receive dividend warrants within 30 days of date of declaration
Unit holders have right to payment of interest at 15% p.a. in the event of failure on the part of Mutual fund to dispatch redemption proceeds within ten working [...]
Mutual fund regulatory environment
REGULATORS IN INDIA
· SEBI – The capital markets regulators also regulates the mutual funds in India. SEBI requires all mutual funds to be registered with them. SEBI issues guidelines for all mutual funds operations – investment, accounts, expenses etc.
· RBI as supervisor of banks owned mutual funds – As banks in [...]
The long awaited Mutual fund guidelines are here at last. However it is still very sketchy and full details are awaited and will come hopefully in the coming week. Even at this stage it is a welcome move and good first step for the end customer.
Existing MFs can launch the REMF schemes, provided “they [...]