If you are a journalist life has become easy these days. All you have to do is to find One incident and do a big story. I mean the story of N Sundaresha Subramanian in DNA Money done on April 02, 2009. It is a story on how Birla Mutual Fund (the Amc) is bending […]
FMPs have had a great relationship with Asset management companies and with the investors. Fixed Maturity Plans (FMPs) were initially instruments which were mutual funds with ‘banklike’ products. You could buy a FMP with maturity ranging from 30 days to 180 days. Then a couple of FMPs were launched with 300 days maturity, then 366 […]
If you have seen the Sprite ad, you will appreciate this for sure! Mutual funds have a compulsion to raise money continuously – and this they can do only if their sales team is able to sell. However, in a very funny way, ‘what sells is what gets sold’ – so they need to come […]
I hope you are not looking for the ‘mea culpa’ message of Raju…of Satyam…this is different! I recently met the MD of a financial services company – obviously I am not naming him/her. It also does not matter whether it is a brokerage house, mutual fund, life insurance company, bank or a distribution house. So […]
In the past I had done 3 articles calling the article ‘ranking trap’. These articles were written on 5th july, 20th july and 19th dec. Using past data to judge is height of “&^%$#*” – fraud or comedy depending on your point of view. Mutual fund ranking is a fantastic money spinning game for most […]
If you were to look at the list of people who have lost money with Madoff, it is awesome and stunning! Many of the victimes are the usual suspects – your banks who claim they can do a good job of managing your money, many big fund advisors, and a whole host of celelbrities! Instead […]
this article appeared in reuters india’s personal financial page…. If my students do not ask “When will the market touch 21000 again?”, I ask them the same question. The most optimistic answer I have got is 6 months and the most pessimistic answer I have got is 2 years. Very clearly short term memory is […]