NPS – New pension scheme or National pension scheme….does attract a lot of attention from many investors. However the jury is still out on whether one should invest in it nor not invest. One major (I mean MAJOR) DRAWBACK is you have no clue what will happen once you finish the accumulation stage and go […]
There was an amazing news item now. Mr. D Swaroop said Rs. 15,000 crores was paid as commission to the insurance distributors, so they have decided to eliminate commissions. Fantastic idea, should be immediately implemented! Vow! So the investors save Rs. 15,000 crores. A quick calculation showed that the insurance companies paid Rs. 22,000 crores […]
Am doing this posting because a few journalists wanted me to talk about the Union Budget and the NPS. What a joke! There was NOTHING in the budget for the NPS at all. One cosmetic change is ‘on share purchases the NPS does not have to pay service tax’ – the impact at best can […]
There is a big rush by the regulators to ‘protect’ the small investor from the big bad fund houses, insurance companies and their agents. The thought is surely laudable and one must appreciate the thought. However, most of the people involved see the markets and the investor with a very nice honorable telescope. They have […]