Three questions, same answer! 1. Subra I have been paying an annual premium of Rs. 10,000 for the past 7 years, but the amount accumulated in my ULIP policy is only Rs. 59,000. What should I do with the policy now? My agent tells me the upfront charges which were high have already been paid […]
When I see today’s youngsters – I of course find them restless. Yes, young and restless you have heard…but why young and so called ‘riskless’ ? Well for those who took up a job in 2007/8 (means born in 1985 or later) markets have not been a great – at best it has been lukewarm. […]
The CII summit on the mutual fund industry was a welcome relief to the Mutual fund industry which was anyway in the shambles. Actually when you are on the ground it is perhaps difficult to kick you also – sharanagadhi has its advantages! The current SEBI chief has asked the mutual fund industry to come […]
Even though this is not the tax season, I do get a lot of questions related to ELSS. Let me enumerate them: 1. Should I invest in ELSS? 2. Is there a lock in? When does the lock in start and when does it end? 3. What rate of interest will I get (yes, still […]
‘Surprisingly even mutual funds are judged by their size, not by their performance’ – why is this so asked a student. This is a good question – and therefore difficult to answer! This is like going to a doctor because he drives a Mercedes benz. He earns well is for sure, but does it mean […]
The Sundaram Mutual ad is giving reasons – ‘Why investors love our dividend policy’….3. They say to pay dividends, funds must BOOK profits. This is true, but how does the fund house know whether I need the cash today or after 5 months? Do they know that I am a 23 year old hoping to […]
We all know who writes columns of lies, lies and honest lies, so here is a dig… Look at the Quantum Mutual fund advertisements which appeared in the national press. The advertisement says “we have eliminated distribution commission…” so your money works for you. There are 2 types of charges that a customer pays in […]