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 […]
On Monday 2nd July there will be a meeting at the North Block, Finance Ministry 10 Ceos of Asset Management Companies, their club Amfi’s top brass, Sebi chief, will meet the powers that be in the finance ministry to decide whether the INVESTOR should pay fees to the Independent Financial Advisor (a.k.a BANKS). Funnily the […]
Well, well you have to believe what the government tells you, right? No. Wrong. You need to see what is happening around you to guess what the growth rate can/ will be. 1. I spoke to a HR consultant she told me ‘Jobs paying more than Rs. 40 lakhs have just vanished. Recently when the […]
While filling up a Mutual fund form you are filling up an OFFER DOCUMENT – the mutual fund is making you an offer and you are filling up the form and giving a cheque. If your cheque goes through, the CONTRACT IS COMPLETED. In case of INSURANCE, you are filling up a PROPOSAL FORM – […]
In Hindi there is a saying ‘Bali ka bakra’ – it is the goat which has to be sacrificed. There is no sacrificing of the lion or the elephant, but just a goat. We saw it in the case of the Adag -Reliance communication telecom scam also. Everybody knew who was the beneficiary. He was […]
One major problem with most of the people buying life insurance is ‘not knowing what they are buying’. Now a buyer should at least know what is he buying, should he not? The whole purpose seems to be to create some confusing products and make sure that the beneficiary is either the manufacturer or the […]
Yesterday I had posted a link to Deepak’s blog showing how sensex EPS projection is at best a futile exercise…. well today I am posting a link to how ‘big bang’ retail can create problems, stories, etc. to make a case for itself. Take the case of Gillette – once upon a time (say 125+ […]