This post was triggered by Deepak Shenoy’s article about the regulator… I was a little amused that the cases mentioned even got ‘caught’ . First things first. What is a soft dollar commission or should i say soft rupee commission… I will have to go a little into technical details, so please bear with me. […]
Copy from Satyam’s Audited accounts. No comments, only an extract fyi. If you thought frauds start with greed, I agree. If you think you can lie with your mouth open, AND with your mouth closed, I agree. Here is a nice extract, read on and conclude why the BOD kept quite. I am not commenting […]
The AMC may charge the scheme with investment management and advisory fees subject to the following limits: – @ 1.25% of the first Rs. 100 crores of weekly average net assets outstanding in the accounting year, and @ 1% of weekly average net assets in excess of Rs. 100 crores. – For no load schemes, […]