For the past one year Mutual funds are falling over themselves to please the bankers. However it is not having a great impact on the net sales. For many mutual funds, the ‘net sales’ figure by the big banks is NEGATIVE figure. When you talk to a banker however they are not so negative, and […]
a hypothetical letter to my hypothetical client. Any similarity to something like this already written by somebody is a sheer accident. Hello Mr. Client, Sebi has vide its circular said I have to tell you all the earnings that I have from your account. I wish they had said that mutual fund houses should […]
I was so amused at a suggestion that Rs. 100 will be paid as a one time transaction cost for some select mutual fund agents, that I have no clue how to react. Yesterday 2 media companies wanted to know how it would work. I said I have no clue – will they pay Rs. […]
If on your way to prosperity you have accumulated many advisers how do you ensure that they are on the same page? Let me tell you the woes of one of my friends. Typically he has 3 Relationship Managers, one I F A, one Portfolio Manager, one C A who files the Income tax returns. […]