Many of our regulators – IRDA, TRAI and now SEBI may all be having good intentions, but the way it is being expressed is rather amusing. Now SEBI is saying that an Asset Management Company should have a net-worth of Rs. 50 crores. This means pushing the small funds out of the market. One has […]
I have written a lot of obituaries for the Indian mutual fund industry….let us see what an American Investor pays for investing in a mutual fund. Most American investors go through a Broker-Dealer or a financial planner who acts as a B-D. Forget the myth of a fee-based financial planner – he is as difficult […]
I recently saw a post which said ‘Alert Investors already know about ULIPs’. Amazing half truth :). Once upon a time Arun Shourie said “In India what you say depends on where you sit”. This is so amazingly true – look at the Women’s Bill. BJP says it supports the bill, Congress says it wants […]
A few days ago I had spoken about the ‘Honest truth’ – Ajit Dayal (who runs a mutual fund and a big mutual fund distribution business) is the author. He has recently written about the ET discussion on mutual funds. He sounds a little sore about not being called to the summit. Surprising, because the […]