Over the past few years that the mutual fund industry has existed it has not grown as much as people would like you to believe it has. There are about 800 schemes – equity / predominantly equity schemes. If you sort the folios PANCARD wise, I do not think there are more than 100,000 reasonably […]
Now imagine the stress this puts on the government (remember government pays indexed salaries and indexed pensions) finances. Low real returns has a very bad impact on the investments that people make – and the asset allocation has an impact on the credit market also. So the government has to tackle inflation – in a […]
In such a volatile market the small investor needs protection. I can safely start a speech with this statement immaterial of the forum at which I am speaking. I will get a lot of applauses for this universally true statement. Let us now see what it means. One it is a Mother Hood statement and […]
I know this may sound sacrilegious, but the housing loan (mortgage) interest deduction is the most over-rated tax strategy in existence. I constantly hear happy “homeowners“ boasting about how much money they “saved“ with their mortgage interest deduction. Asking your boss to reduce your salary would perhaps have the same effect. If you are in […]
I know of a few mis-sellers in the financial services who excel in mis-selling. Let us call them A, B and C. A is so used to mis-selling that when a ‘friend’ wanted to buy a DVD player, he was convincing her to get a lap top. This in spite of the fact that he […]
Thanks to the fact that I do a lot of training, I do meet a lot of people. Right from the lowest end sales person (who could be a banker or an IFA) to the fund manager. In my personal finance class I meet a greater variety of people – from simple students to retired […]