It is funny that to be in any business you need to have some qualification. Let us take the mutual fund business for example. To be the Asset management company – you need to have 5 years of track record of some financial business. You need to have a networth of Rs. 10 crores (to [...]
The year 2007 was perhaps the last year of the madness cycle – with Ninja and all kinds of excesses. However the market corrected in 2008 and recovered very fast in 2009. The sad part is that the persons responsible in Eurpoe and in USA were not even brought to book – the Banking Regulators. [...]
Just finished what could have been India’s first (or one of the earlier) training sessions for the NISM exams. Was there conducting the first sessions of the Amfi training in 2002 – took the exam in April…and started doing the training in the month of May. Do not see much difference in the syllabus – [...]
Many of our regulators – IRDA, TRAI and now SEBI may all be having good intentions, but the way it is being expressed is rather amusing. Now SEBI is saying that an Asset Management Company should have a net-worth of Rs. 50 crores. This means pushing the small funds out of the market. One has [...]
I do not need to tell you that there is a huge Irda vs. Sebi or a mutual fund vs. unit linked insurance plan debate in the country…do I? LOL. However this has ensured that many journos have called me…for a view. It is nice that they take my view – however I am not [...]
There are many questions being asked about the sebi vs. irda battle. If the fees paid to sebi / irda depends on the assets size, then it is obvious that both of them want a part of the wealth management pie. To most observers it was clear even in 2003-4 that by 2010-11 the assets [...]