For many people doing their MBAs and CA there is always a challenge in defining financial services. Let us see what all financial services includes in India (as of now). Well it includes the following: Banking Life Insurance General Insurance Capital Market Services Mutual fund Leasing Hire Purchase Securitization Credit Rating Venture Capital Factoring Services […]
Normally resolutions are made at the beginning of the year or on a birthday…however here are some resolutions that an investor can take / do any time: 1. I promise to reduce mutual fund costs: If you are in a diversified mutual fund which charges 2.5% (max) shift to some scheme which charges less (say […]
The Golden Rule of Investing is that the Man with the Gold Makes the Rules of Investing. You have to remember this rule – because this article is about REBATING. Rebating is illegal in India – it means if I ask you to invest in a life insurance policy, general insurance policy or a mutual […]
Hi Students of the Graduating class of 2010, Here are some lessons which I wish somebody gives to all graduates. It does not matter whether you are a CA, MBA, a doctor, Engineer or a plain graduate. These lessons are the basics of finance which is nice to know and MUST to implement. Let us […]
If you have seen all the news items about ULIPs, other life insurance products, etc. you might have suddenly thought that life insurance business is not profitable. Banish that thought. It is very profitable – why do you think all foreign players are trying to get in? So here is the reason: Cost effective distribution […]
Last week I happened to meet a lady who is an IFA. She has been selling LIC policies for the past 10 years and has also added mutual funds, government schemes, general insurance, to her portfolio. She lives in a society that has about 130 houses and many of them are her customers. She does […]
About the Book : – To most people retirement is an age. It of course depends on your health, the company you work for etc. However in the first chapter I would like to introduce you to the concept that retirement is an amount of money! After all, if you have that magical amount why […]