I personally have little at stake in the mutual fund business, but surely the current mess is likely to stay much longer. 2 products which are similar in nature having a different kind of sales incentive is a big danger to one being crowded out. Of course other than the regulator everybody knows it. Khyati […]
Recently 2 Nris asked me this often asked question. I remember Srikant doing a story on Moneycontrol sometime back regarding the same. I come from a school of thought that ‘whatever happens in my life is because of me’. However this was before I saw some managers handling some gullible people’s portfolios. Both these are […]
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 […]
Well there is a very old saying ‘Figures do not lie, but liars figure’. NO clue who said it, but it is a line that has been in my training material (on Mathematics) for the past 11 years at least. Lies can take many forms. One is suppressing the truth and one is suggesting a […]
If you read the mails that IFA associations get from their members – IFA galaxy’s Alagappan, or other independent financial advisors – it is quite disturbing. Just today itself there are complaints against 2 reputed fund houses – DSP and Hdfc for errors (and he goes on to say that it takes a long time […]
Over the past few years that the mutual fund industry has existed it has not grown as much as people would like you to believe it has. There are about 800 schemes – equity / predominantly equity schemes. If you sort the folios PANCARD wise, I do not think there are more than 100,000 reasonably […]
Not very long ago..perhaps about 7-8 years ago we used to watch who was the second biggest player in the mutual fund industry (sorry my memory with nos. is not so good so it could be 9-10 years ago also). It was a given that UTI would be the number 1 player. For a long […]