Nirmal Jain of Indiainfoline is a sensible businessman who needs to and will do business in India. If you seriously look at his business model, it is the funding operations which is really making money. In the financial services industry, broking, mutual funds, life insurance – NOTHING is profitable. One HFC told me – we […]
Sorry, but recently the complete NON understanding of statistics by the media has happened too many times… When Mary Kom was playing her opponent the commentators kept saying ‘Mary Kom has not lost to the same opponent twice’. On Sunday, 26th August, 2012, when India played Australia in the Under 19 World cup, the commentators […]
This is the one and only question that should be uppermost in your minds when you buy an insurance product. Does not matter whether it is life insurance, health insurance or auto insurance. Let us deal with each one of them. Take life insurance. When I checked the premium for a 28 year old wanting […]
you build up a company, then you want to sell the company. who do you go to? a big Investment / Merchant banker? For him you are small change (obviously with million dollar bonuses, if your fees is ONLY 5 million dollars..) In Indian conditions, it must be worse of course. read on how YOU […]
It is easy to sit in India and look at the problems in America and Europe. For many of us it has also become fashionable and say: -Americans do not know how to save, many of them do not study enough, …etc..etc But PLEASE do remember it is the economy which is closest to reality. […]
The way the media is talking about the mutual fund distributor, the common man must be thinking that the IFA or the ‘agent’ as is generally known must be a big, rich guy, right? No. Most, if not all are agents by force. The financial service industry is very class conscious and recruits only MBAs […]
A few people have asked me…’should I increase my SIP in gold’. Frankly for me the answer is ‘I do not know’. However I realise that many of them are sitting on small losses or a very poor return if they have invested in the last 10-12 months. The Rupee not long ago was 40 […]