There are so many listed banks that it is not funny. Sadly most of them have the same (not even similar, same!) business model. Open more branches, appoint relationship managers, do third party sales – mutual funds, life insurance, real estate,…etc. Hopefully the interest rate spreads will make some money, the 3rd party products […]
When Nanda’s grandson was involved in the famous (infamous?) BMW case, Nanda was rumored to have spent upwards of Rs. 7 crores. As a person who has seen 4-5 cases go to the supreme court, I can believe this figure. Recently I heard of a Senior Lawyer charging Rs. 25 lakhs for a 2 day […]
Fund Managers need stories to sell the fund to the investor. Will they ever, ever say sell equity funds and wait in liquid funds? No. Will they sell equities and wait in cash on your behalf. NO. They cannot and should not. This is exactly where a PMS can step in. However I would recommend […]
Today’s Economic Times carries an article about SEBI wanting to create a committee to view/ review the qualifications by the auditor. Sounds good? Let us see what a sister organization MCA (Ministry of Corporate Affairs) is doing. They get the significant Indian companies to file their Annual Returns in XBRL format. In the XBRL […]
People have been asking me…”Is Greece such a big problem…Is Eurozone crisis so difficult to handle…..” Frankly it is the government of India playing the proverbial ‘foreign hand crisis’. This allows them to do what they want, and not get blamed. Surely Greece is not to be blamed for our huge, mammoth deficit. G […]
“Mutual funds are no longer profitable”; “It is not worth being in the life insurance business” – you have heard this and variants of this from the ad driven media, right? Well the truth is not very close to this. Let us take the case of Hdfc Mutual fund. Given the huge AUM already under […]
Suppose you have bought a policy from one of the life insurance companies (classic endowment) and wish to surrender it, what do you do? Go to the life insurance company and say “i wish to surrender this plan please”. They then follow a very complicated path and tell you how much they will pay you. […]