There is mis-selling in mutual funds. True or False? Frankly I do not know what is mis-selling so I cannot comment. This is what a rational person is supposed to say. But our powerful mandarins say yes, yes…we will legislate against it. Will the SEBI please stand up and come out with a white paper […]
The more I see other industries the more I am convinced that financial mis-selling is causing lesser damage than others. For example a person may end up buying a higher commission product..that is about the worst thing that can happen. I have heard horror stories from gynaecs about the kind of horror stories in their […]
I have just asked this question in Money Today… read http://moneytoday.intoday.in/index.php?option=com_content&task=view&issueid=81&id=6253&Itemid=1§ionid=106
I meet a lot of doctors in my professional and social life. Luckily I met a great homeopath doctor about 30 years back – and he has kept me away from medicines SINCE then! So I do not meet doctors for seeking medicines / treatment. However, here are my observations about a doc’s business skills. […]
It is customary for industry bodies to time and again talk about “irresponsible” selling or mis-selling by “unethical” agents (by what ever name called). Let us look at what exactly constitutes mis-selling. Mis-selling as understood by the common man means “selling a product which is inappropriate for the client”. However let us look at the […]
The best thing that life insurance business has done in India is it has eliminated mis-selling in mutual funds! How is this possible? Simple the rewards for mis-selling in life insurance plans is far, far greater than mis-selling in mutual funds, so many of the players have shifted games. That brings us to the question […]