It is quite amazing to see how far away most of the media people are regarding the reality – especially in financial planning. Yesterday while flipping channels..i saw about 2-3 minutes of a program which was ‘discussing’ giving ‘Power of Attorney’. These are the things that I heard: – be careful to whom you are […]
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 […]
Retirement Mistakes. Retirement, purportedly is the most important goal for most of the readers of this column. At least that is what most of the mails that I get say. Yet, looking at the numbers, it is clear that many investors are undermining their good intentions with unfortunate actions. Or inactions should I say? […]
Sometimes you get rich by not getting ESOPs! If the private life insurance companies did not give you ESOP, rejoice. It must be really difficult if you have such a tough competitor like LIC! Look at what all they do: 1. They give in writing to corporates – we will give you 9.35% p.a. return […]
All insurance plans will become taxable – this is terrible news for life insurance policy holders. How capital gains will be calculated will be a major issue. The cap gains calculation will have to be done by the life insurance company – after all they know all the transactions. So software guys enjoy..all life insurance […]
Well not long ago in India there was a business group called the Ambani group. When we met as journalists or as analysts we were told that the younger brother Mr. Anil looks after finance. Then one day Mr. Anil Ambani wanted out and the elder brother said ‘let us split’ . So they split. […]
I do not need to tell you that there is a huge Irda vs. Sebi or a mutual fund vs. unit linked insurance plan debate in the country…do I? LOL. However this has ensured that many journos have called me…for a view. It is nice that they take my view – however I am not […]