Fortunately or unfortunately most of the net wealth that I have created is by being in the markets and for long periods of time. However this did not lead to a career in Portfolio Management Services – simply because the method of compensation and the amount of compensation did not attract me at all. If […]

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An industry can be called successful only after we see the status of all the stake holders. We saw how the employees and the sales force was feeling. Let us see something about the ‘customers’ and the ‘owners’. The customers of the life insurance industry can be divided into 3 categories: a. Those who understood […]

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So today the market went up by 400 points – many financial services companies went up by a huge number. Hdfc which was Rs. 3000 pre-split opened at Rs. 610…now it is at Rs. 655. So as is wont….you ask…and they say ‘The financial services industry is booming’. If you have been in the industry […]

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  If you are a shareholder who started an asset management company and /or a life insurance company hoping to make money, God bless you! For those of us who are shareholders with the Birla, Hdfc, Tata groups – remember we are all funding the insurance and mutual fund businesses indirectly. Kotak bank, Hdfc ltd, […]

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It is today easy for a person to get a visiting card with a qualification that sounds very good. Let us see if you can pick which one is a degree got with some effort and what is got gratis: Certified Financial Analyst, Certified Public Accountant, Chartered financial analyst, Certified Financial analyst, Certified Financial Consultant, […]

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If you read the mails that IFA associations get from their members – IFA galaxy’s Alagappan, or other independent financial advisors – it is quite disturbing. Just today itself there are complaints against 2 reputed fund houses – DSP and Hdfc for errors (and he goes on to say that it takes a long time […]

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So as expected the ULIP bill is passed. I am not sure about my numbers but if the mf sales: ulip sales is 1:300, to even think the MF industry will be called for a meeting sounds funny. The mutual fund industry in India is going through a real hard grind – some partly its […]

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