‘Subra you did a post on do not trust an employee…can we trust a big branded financial company?’ asked a reader. Of course you can trust a big financial company as long as you can remember that: MF Global misplaced US $ 633 Million (or was it Billion or Trillion – when it comes to [...]
NPS (New Pension Scheme) was bad – I have rubbished it enough, but as if all that was not enough, the Parlimentarians have tried to make it worse. Why should a fund management company have only 26% FDI beats me. Stumped is the word. In the 1990s we allowed 100% FDI in Mutual funds, [...]
Well we all have heard this right? If you see the amount of money Coke, Pepsi, Citibank spend on lobbying in the US, you know how much of wrong doings they must be doing. The food industry, pharma, insurance, banking, auto and of course the lobbying industry are really the villians in US. It is [...]
I had to do this column. Not because ulips are God’s gift to mankind, but unit linked insurance plan that I bought (circa 2004, much before the media decided that ulips are bad). I bought unit linked insurance (and continue to own them) from Hdfc Standard Life Insurance company. Here are the details for the [...]
If all actions are reactions why are Americans hated? Well this is a finance site..so let me stick to what I know. Almost all literature we have read on equity markets is American. The great American investors have written all this literature in the past 50-100 years. This was the time when American companies (fairly [...]
If you are a shareholder who started an asset management company and /or a life insurance company hoping to make money, God bless you! For those of us who are shareholders with the Birla, Hdfc, Tata groups – remember we are all funding the insurance and mutual fund businesses indirectly. Kotak bank, Hdfc ltd, [...]