There is a big problem all distributors face. When the product becomes good and has a successful track record, the distribution margins reduce. So it is a catch 22 situation. You work hard, collect money for a fund house, they employ a good fund manager who delivers good results…so the scheme does well. Then […]
Markets fell by 340 points yesterday and has fallen 260 points already today. For people like us markets means sensex! So what to do? I have so many panic sms coming to me! The worst thing to do is to stop the sip! Remember if you had a COMPULSORY SIP….you would have continued to invest, […]
Here is a cut paste from the SEBI circular of what happened at their meet today: In order to help Mutual Funds penetrate into retail segment in smaller towns, the distributor would be allowed to charge Rs. 100 as transaction charge per subscription. No charge can be made for investments below Rs. 10,000. An additional […]
If a company declares a dividend and the customer does not claim it what happens? Well it gets transferred to the Central Government. What happens in case of a mutual fund where the investor has died and the family does not know about it. Well, er, the fund keeps it. Well technically I may be […]
Many (most) people think that IFA as a community look at the commission and then decide where the funds of a client have to be invested. Not wrong most of us would think this is fair – after all it is in ‘his or her’ self interest that they should act. However many smart agents […]
There is an old story of 2 cats getting a piece of bread to be shared amongst themselves. Since the cats did not know how to share it, they decided to go to a monkey. The monkey agreed to play the arbitrator. He breaks the bread into two pieces – then he finds one is […]
Is the market going to go up or go down? Well we all have tackled this question in many ways..here is one more! One ‘Wealth Manager’ came to me recently with a PMS scheme which gives me a 12% assured return (over 3.25 years not annually) – and this fund will invest in a mix […]