Recently when a friend asked me what are the risks in unit linked plans…I said Well Max New York Life has started a campaign saying “Our agents are different”..well I wish they say this to the client BEFORE the client signs up: Sir the following risks exist in a Unit linked Plan: 1. Buying […]
Not sure how many of you will believe this, but when the DLF scrip was quoting at Rs. 1200, I asked the research head of A BIG broking firm – whether it is worth buying. He said ‘Sir based on MY accounting tolerance this share is worth Rs. 400 based on boss’s accounting tolerance and […]
A few of the industries that a common man deals with are in dire need of a Regulator. One of them is Real Estate. There is no common definition of words like built up, loading, super-built-up, charging for parking, brokerage for renting, brokerage for buying and selling. A builder does not have to tell the […]
Today sadly, there is no pension plan which meets all your requirements. For example Templeton and UTI (both asset management companies) have a pension plan – and it is a one size fits all type of a plan. Typically a pension plan should have various options at the ACCUMULATION stage – when a person is […]
In the current year with the deadline of 30th November, 2011 staring at us in the face, is it possible for companies to comply with Mca norms? I mean do we have the time to convert all our companies, accurately, and file it with MCA – if we do it on our own? This is […]
Every business – rather every social science (and loosely Investments are there) has some rules. For the vast majority many of these rules are very important. However sometimes it is necessary to go beyond the rules, break some rules, etc. to make money. This is what I am trying to say in this cover story […]
Recently saw a ‘reputed’ group promoted life insurance company treat its employees shabbily. Norms were made to sack people. So a large scale sacking happened. When the large scale recruitment and branch opening was happening we were at the side lines saying ‘chuckle, chuckle…’ Now we cannot say chuckle, chuckle,…because a few thousand jobs have […]