No not another ban, just another blog. Please also see ‘Sebi bans ulips’ post and the comments. Now we have another problem – the sports minister Mr. Gill has found that the DLF ad contains the word India – and that should not be allowed. Amazing how Mr. Gill has nothing to do but find […]

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I have said this many times in the past – the best way to create wealth is to spend time lavishly in searching for a good ‘adviser’. Clearly he should be compensated as a %age of your NET WORTH so that you are both playing the same game. Increase in your networth. Instead of this […]

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A friend says it would be great if you could choose where to be born and as what. If you were born in 1900 you should have been born in England. If you were to be born in 1950 you should have been born in US. If you were born in 2000 you would be […]

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A bureaucrat or a minister is respected by the size of the fiefdom he runs. So obviously when the corpus in ULIPs has got far higher than the full mutual fund industry….SEBI saw some ground slipping. If SEBI was so clear, it should have woken up long ago. Why was it sleeping. Also ULIP is […]

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Last week I happened to meet a lady who is an IFA. She has been selling LIC policies for the past 10 years and has also added mutual funds, government schemes, general insurance, to her portfolio. She lives in a society that has about 130 houses and many of them are her customers. She does […]

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On the 1st of Jan 3 wise men came on a television channel and spoke about investing. Obviously they are very wise and they have a role to play when they come on television. One was the head of a big life insurance company, one was the head of a brokerage firm, and one was […]

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On one side Mr. Swarup says financial products should become cheaper. He also says that the customer should pay for the advisor’s services. This is a great move the person who is getting the services can choose how much to pay. However the IRDA has one funny (weird) condition in its armory. There is something […]

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