What should one look for in an advisor-distributor or what the Americans call broker-dealer? Well let us look at what one should be careful if a distributor is a person whom you do not know? 1. Do some kind of a back ground check if he approaches you. 2. If he has been recommended by […]
Seen some fantastic stories on the mutual fund industry. There is only one problem, you cannot drill down from the story…if you do that, you will quickly find ‘page not found’. See some typical terminology ‘There is rampant mis-selling in the mutual fund industry – and this should stop’. So out of sheer curiosity you […]
This is a pure humor column…figures are completely wrong, but I guess the trend is correct…. 150,000 people selling mutual funds (read as UTI), post office products, etc…. Exam introduced by SEBI (people wrongly call it the Amfi exam) 10,000 people selling UTI products Exam introduced in Hindi 85,000 people have passed the exam…now it […]
A few days back I did a story on what they do not teach at an MBA school…here is one more story. Happened to a CA friend – let us call him RJ. He was considered to be the ‘finance head’ of the business – but he was still a rookie and needless to say […]
We have all been using toothpaste, shampoo, soap, malt drinks, Bournvita, Horlicks, Complan…..even though we may be new to life insurance, pension plans, etc. If you see the pictures on the cover of the items that you buy you see pictures of how much to use. The toothpaste cover shows toothpaste from one end of […]
Regulators have a terrific ability to speak the language of the most dominant player. Have you observed that? When Hdfc Standard Life Insurance came out with ‘riders’ – fairly obviously some riders were priced more than the death main clause (will not go into the reasons here). This meant you could take a ‘Term life […]
This series could seriously be made into a book…but have decided to put one a day Client: Good Morning Haresh, how are you? Haresh: Good sir, market is looking a little weak…what do you think sir? Client: Yes, I agree, but what about Hero Honda? H: Sir, HH looks good, I feel. Client: Yes…good results […]