Today we will se how the other (vociferous!) distributors will react: These are the smaller distributors who were getting 2% (atleast) to about 4% as marketing fee. However this money was coming from the client – and many clients did not know about it. However many distributors were giving all their ‘income’ back to the […]
Mutual fund loads abolished – let us look at how each constituent is likely to react: Investor: He is supposed to be the biggest beneficiary. Most of them will not know about it. A few handful of people (who had the option even earlier) can go direct. However to the best of my knowledge the […]
I recently received the annual report of a financial services company. Like all financial services company this company also has an insurance business, a financial distribution company, a mutual fund, …the works. A quick glance clearly shows that this company will NEVER make money in ANY of the abovementioned businesses during my life time. Surely […]
Shariah Investments in my portfolio, no thanks! Benchmark Mutual fund announced a Shariah compliant fund recently. Of course many mutual funds (Reliance, UTI, to name 2) are all in the process of launching and managing a Shariah compliant fund. What is a Shariah compliant fund? And what does it do? Shariah, the religious law of […]
A friend gave me lots of paper saying “My cousins husband has died, she is a nominee will you please transfer all the mutual funds to her name”. I said this is a breeze, will do it. Then started my ‘breeze’. DSP Mutual fund, Idfc, SBi mutual fund, Icici Prudential, J P MOrgan, Franklin Templeton,…his […]
Do you get picked up by friends, colleagues, etc. as a party pooper? Typically if they know you make some healthy choices in life – like eating salads instead of deep fried foods, do they stop inviting you to a party? I got this funny feedback from a friend that his wife’s friend told them […]
While doing a risk review of a portfolio, I stumbled on a portfolio with 55 mutual fund schemes and 52 direct equity investments. When the investor asked me what was the risk, I said there was ‘concentration’ risk. I also told him he was running the risk of ‘over-diversification’ . He asked me to speak […]