We must view the current uproar in the ₹53.4 trillion mutual fund industry over a Know Your Customer (KYC) update in the larger context of the issue. This capital market event, where some investors are facing difficulties in accessing their accounts, is a consequence and not a cause. The root of the issue stems from the...
In today’s Hindustan Times Amitabh Dubey, a member of the Indian National Congress party’s manifesto committee has implied that I am a scaremonger. You can read this 23 April 2024 piece here. I have a few questions on this name calling. How is a citizen asking genuine questions about the intention of a political party...
The Indian National Congress is promising to redistribute India’s wealth. At an election rally, the former president of the Congress party, Rahul Gandhi, according to newspaper reports, said that after a caste census, a financial and institutional survey will be conducted, following which a distribution of India’s wealth according to the population share will be...
The recent Securities and Exchange Board of India (Sebi) warning of a potential bubble in several small-cap stocks had taken some gains off a market that the regulator believed was getting overheated. Retail investors who had looked at the substantial returns in some small-cap funds and stocks over the past year and had rushed in...
The Insurance Regulatory and Development Authority of India (IRDAI) has announced the final set of surrender charges in non-linked or linked life insurance products — traditional endowment policies. These charges are going to be effective from April 1, 2024. The move is in favour of the life insurance companies in India. According to the latest regulations set by...
How would you react if your bank kept half your money when you withdrew a fixed deposit before the maturity date? There would be huge depositor angst and the regulator, the Reserve Bank of India, would step in to stop this money gouging. However, in another part of the financial sector, the insurance regulator has...
The interim Budget 2024 has few policy announcements. Given the coming elections, a work-in-progress budget is better than a freebie laden one. he average middle-class person has two expectations from the budget. One, to get a lower tax burden and two, to see proposals that lead to lower inflation. In Budget 2024, being an interim...
Investing in the stock market for the long term is safe and rewarding, says Monika Halan, a prominent personal finance writer and television personality. In a conversation with businessline, at the HinduLitForLife event here today, Monika took the hypothetical case of “the unluckiest investor” to illustrate her point. Read More
On January 10, the US securities market regulator, the Securities and Exchange Commission (SEC) allowed 11 spot Bitcoin exchange-traded funds (ETFs) to list and trade on the stock market. This has opened a window for retail investors to trade safely in a digital token. The future of cryptocurrency has been hanging between the ban-it or...
Mis-selling of policies through banking channels is resorted to more by private sector insurers. Both RBI and IRDAI must step up to protect investors A December 12, 2023, Insurance Regulatory and Development Authority of India (IRDAI) draft has caused a 3-6 per cent fall in the stock prices of major listed life insurance firms in...