When an agent talks about an 18% return, in a Ulip it means a return of less than that.
Expense AccountMutual FundsPersonal FinanceMay 3, 2016by Monika Halan0Is mutual fund houses’ angst against pay disclosure fair?
There has been disquiet in the offices of asset management companies (AMCs) over the past week. The story began some months ago when the market regulator, Securities and Exchange Board of India (Sebi), proposed that AMCs disclose top management remuneration (salaries, perks, stock options). The first reaction within the industry was disbelief and then defiance—we...
Systematic investment plans work because they mirror our earning rhythms.
Consumer RightsExpense AccountPersonal FinanceUncategorizedApril 1, 2015by Monika Halan0On the trail of a robust mutual fund compensation structure
Moving to a full trail model will take the conflict of interest away from the sales process.
Expense AccountFebruary 18, 2014by Monika Halan0Sebi’s anti-competition hike
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.
Expense AccountPersonal FinanceNovember 19, 2013by Monika Halan0From a wannabe MF, the NPS should go back to basics
To take a great financial product and corrupt it takes a particular bent of mind. We're seeing it happen with the NPS in India.
Expense Account, Mint OK. So there is one more acronym to remember and deal with. Jostling for space with PAN, KYC and UID is a newly born creature. Meet the little fledgling—it’s called the EUIN or the Employee Unique Identification Number. When it grows up, it will cover the three million sellers of financial products...
Expense Account, Mint When I began doing a personal finance show on TV about seven years ago, I was inundated by stock tip seeking questions. But I was clear that what we were setting out to do was financial literacy and not giving cheap stock tips. It took work to nudge the questions in a...
Expense AccountOctober 16, 2012by Monika Halan0The D-word haunts MF sellers: will the customer go ‘direct’?
Expense Account, Mint The word “direct” is possibly the scariest word in the lexicon today for mutual fund (MF) sellers and advisers. At the receiving end of a series of regulatory changes for the last few years, the unregulated sellers’ community is going through growing pains. The next (and certainly not the last) regulatory directive...
Expense AccountSeptember 12, 2012by Monika Halan0What happens when a Rs.20,000 crore industry is tamed?
Expense Account, Mint What we know anecdotally is now there as data in the Reserve Bank of India annual report 20011-12, that Indian household savings are moving from financial assets to real assets. The household savings rate has remained almost constant at about 23% of gross domestic product (GDP) (at current market prices) but there...