Online sales is the way forward in financial products. But watch the insurance industry fight it back. Why would they want a more transparent system?
Turning over the recommendations of its own committee, Sebi hikes the net worth requirement for mutual funds from Rs 10 crore to Rs 50 crore. Anti-competitive move.
Stop thinking about the products to buy to get a high return. Construct your money box instead and fill it with sensible products.
Financial sector regulators need to be more like Captain Kirk than Mr Spock because markets are not perfect and neither are people machines.