The mutual fund industry is going through a lot of crisis. New money is not coming in, people from other industries are not too keen to join the industry, aum is falling. Of the new money that is coming, it is clear that the older and bigger funds are doing well, but the smaller ones […]
One reader has asked ‘How will I benefit by reading your book’. An honest answer is ‘I do not know’. This is because in life there are 3 important things in behavior change. First is knowing what is good for you (Learning – Saraswati), then finding a guru – means a person whom you respect, […]
Having been in the financial services industry for a long time has its advantages and disadvantages. The advantages are you know many people. In fact too many people. So when a product is launched or being launched you get a sneak preview. I had got a sneak preview of the NPS’s rates. Looked too good […]
This article appeared in MoneyControl…long ago..I thought it is worth a repeat.. Why do people postpone making their will? They think they will never die? Or they are sure that all their heirs know about their inner desires? Well read on… The current generation of clients whom I meet is inheriting nice big round amounts […]
Long ago when I asked the mutual fund regulator’s office why there were no Mergers and Acquisitions happening in the mutual fund industry he said ‘because it is easy to get a new license’. Chuckle Chuckle. Now 3 companies Indiainfoline, Union Bank of India with KBC Asset Management and India Bulls have all got the […]
‘Surprisingly even mutual funds are judged by their size, not by their performance’ – why is this so asked a student. This is a good question – and therefore difficult to answer! This is like going to a doctor because he drives a Mercedes benz. He earns well is for sure, but does it mean […]
Well one swallow does not a summer make…nor am I sure about this being a trend…however here it is. Real estate prices in Mumbai have (had) grown far beyond the typical working class person. So much so that real estate replacement price and not the product determines the final selling prices. So if you have […]