This post was triggered by Deepak Shenoy’s article about the regulator… I was a little amused that the cases mentioned even got ‘caught’ . First things first. What is a soft dollar commission or should i say soft rupee commission… I will have to go a little into technical details, so please bear with me. […]

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  There is a provision to increase the expenses that the ‘aam aadmi’ will pay for the services of an asset management company…so welcome to the party. I mean the party that the AMCs will now start having. What are my objections to the new provisions? Frankly, I have no strong opinion on what the […]

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This is a very broad question and the answer is not easy to give. First of all let us clear some myths about what the retail investor thinks a regulator should do and what the regulator actually does. 1. The regulator is here to protect the small investor: Very very very broadly yes, in real […]

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Time and again I have been saying that it is easy for a regulator to go after an industry that is reasonably well organised rather than a completely new one. This is the reason why there is: no white paper on how people lose money in real estate (whom will you chase?) no white paper […]

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In what was being seen as a turf battle between sebi and irda, the winner as of now seems to be Irda. It shows the power of the people in the life Insurance business. Now if you have LIC, SBI, Hdfc, Icici, …each with a few ‘000 crores of stake in the insurance business and […]

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This is second in the series of what is an Idr..let us see who are the participants: Main Players: Issuer Company, Overseas Custodian, the domestic depository, and the Registrar and Transfer Agent Issuer company: Foreign Listed Company – i do not know whether there is any quality criteria. The investor gets an exposure to the […]

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A bureaucrat or a minister is respected by the size of the fiefdom he runs. So obviously when the corpus in ULIPs has got far higher than the full mutual fund industry….SEBI saw some ground slipping. If SEBI was so clear, it should have woken up long ago. Why was it sleeping. Also ULIP is […]

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