The Indian financial press loves talking about mis-selling but nothing about mis-buying. Most people who buy financial products do not understand what they are buying. However, this is not a one-sided affair. Luckily (or unluckily) most of the clients do not know what they are buying. You will admit that is a fantastic combination. Let […]
“There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor – the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends […]
Some more data from the same report mentioned earlier! Aum as a percentage of the GDP in India is still at 8% compared to 79% in USA and 39% in Brazil. Will India go the American or the Brazilian way? It is difficult to say, but from the looks of it, India will go that […]
I recently read a small (about 80 pages) report on the Indian mutual fund industry. Most of the facts were well known, but still some were surprising. Here is a small summary of what I found interesting (the whole report is): This was a market survey of 750 investors, 850 Independent Financial Advisors, and 40 […]
Which is a good product to take? Mutual fund + term insurance or unit linked insurance plans? Well it depends on the knowledge level of the buyer, and the smartness of the salesman (in India calling people who sell also financial planner is a regrettable fashion statement). Well, let us take a case of you […]
The long awaited Mutual fund guidelines are here at last. However it is still very sketchy and full details are awaited and will come hopefully in the coming week. Even at this stage it is a welcome move and good first step for the end customer. Existing MFs can launch the REMF schemes, provided “they […]
It is now fashionable for people in the media to write about SIP. I remember in 1998-9 when some of us went around talking about SIP people would look at us in disbelief. Suraj Kaeley who was then with Templeton would go around meeting investors and talking about SIP. We would call him “SIP Suraj”. […]