Recently we heard of Suchitra Krishnamurthy taking her advisor Hsbc to court over her funds being poorly managed. She may or may not win the case, but what is the learning for celebrities (and us too!!) from SK’s case? What could she have done differently if there was a second time around? Well here are […]
Subra, my money is safe, I bank with a mnc bank. They have fantastic internal systems, audit, well paid and well trained people to look after my money. They have a fantastic ……. Really? And I have dealt with banks, insurance companies, mutual funds, IFAs, ….and I know this is a wishful statement, not true. […]
If you were a big businessman would you create COMPETITION for yourself? Kind of a stupid question right? Let us see what the Government of India does! In the life insurance business it already OWNS India’s most valuable player viz LIC. However it creates SBI, Star Union Daichi, Canara Hsbc Insurance, Idbi Fortis, ….and I […]
Not sure how many of you read about the prosecution of HSBC in UK… Whenever I speak to big branded banks they tell me how – – they have a fantastic risk profiling process – due diligence done on all products, issuers, exchanges….blah, blah, blah – how the client has to sign off on all […]
NPS (New Pension Scheme) was bad – I have rubbished it enough, but as if all that was not enough, the Parlimentarians have tried to make it worse. Why should a fund management company have only 26% FDI beats me. Stumped is the word. In the 1990s we allowed 100% FDI in Mutual funds, […]
For a minute forget what the various parts of the financial services industry is telling you. The profitability of this industry seems to be fantastic. Let us take 4 parts of the industry: a. Banking: Over the years the biggest and the richest fortunes have been made by bankers. No doubt about it. Goldman Sachs, […]
As the commissions in the mutual fund industry has been eliminated agents are finding innovative means of earning money. One such method is to approach people with existing investments and saying ‘Sir since you have shiftend residence (retired, married, changed jobs….could be any excuse) it is easier for you to shift ALL your business to […]