If you read the articles on my blog there is malice towards all – if an investor is getting poor returns there is blame to be spread all around. Obviously there is conflict of interest, sales pressures, excessive loads, high fees, charges not being transparent, etc. However one thing the media surely does not want [...]
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, [...]
Caller: Hello Mr. Subra…may I come to see you? Me: Sure..what is it regarding Caller: a mutual fund NFO Me: You know my stand…why are you even THINKING of coming…? Caller: No sir need a favor… The caller is a small time mutual fund and other financial products distributor who does some general insurance, life [...]
For readers of my blog this is not a new news. I have not been a fan of any businessman who is more into ‘market capitalisation management‘ rather than business management. When the Reliance Power IPO came at Rs. 450 I did not apply though of course there are many people who applied. I wrote [...]
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 [...]
One thing the unit linked plan vs. mutual fund (I have no clue why there should be such a debate – owners, executives, salesmen, clients – I find are fungible between the 2 businesses!!) argument has done is created a consensus: “Fee based advisory is the cure for all evil”. This brings us to the [...]