If you have wondered what are soft commissions here is the answer. There are some legitimate expenses and some not so legitimate expenses. Soft commissions are what sales people call ‘entitlements’. It could be in the form of a contest – the top 100 winners go on an all paid trip to South Africa, Goa, […]
I do a lot of training for IFAs – here are somethings that they wish they could tell their clients: – If you can find all the answers on the net, please ask that website to get you a printout of your portfolio when you want, why should I call the fund house? – It […]
This is perhaps the most often asked question. I have seen people mess up quite dramatically. One HR consultant once called me and said “I have Rs. 52,000 where can I invest?’. So I got of on the pedal saying “Equity is good for the long term….etc”. Then when there was a blank from the […]
Thanks to the media most people know about SIP – Systematic Investment Planning. Of course the basis of SIP is rupee cost averaging (or dollar cost averaging as an international website would call it). Rupee cost averaging is a series of equal rupee investments made at regular intervals. It sounds simple to do so most […]
Here is a story …said in a very spiritual context. It is just as applicable to us as ‘fund managers’, ‘relationship managers’, ‘ifas’ or…what have you. When the markets do well, we keep saying ” I got the client 43% returns” if you are such a genius why is your portfolio in the Red this […]
· Right of “Proportionate Beneficial Ownership” · Right of timely services · Unit holders entitled to receive dividend warrants within 30 days of date of declaration Unit holders have right to payment of interest at 15% p.a. in the event of failure on the part of Mutual fund to dispatch redemption proceeds within ten working […]
I have had at least 13 calls asking me a simple question: “Should i sell my units in Dsp Merill Lynch?” and “Should I surrender my TATA AIG policy”. Surprisingly the answers to both the questions are a little different. A mutual fund has 2 distinct parts. One is a Trust – which has all […]