Lately I have been receiving several questions on “where do I invest xyz amount?”. Typically, the sender wants to know the funds for starting an SIP or making a lump sum investment in mutual funds. The issue is that this approach is half-baked. There is an attempt to jump straight to investments not understanding that there … Read more
“Have you seen the movie Kai po che?” Vijay suddenly threw this question at me. We had just finished seeing another movie and were driving back home. “Yes, I have. It was on TV a few weeks ago.” I replied casually. “Did you like it?” he asked. “Yes, I did. A lot.” “Do you know … Read more
So, who should be your investment advisor? The mutual fund distributor, the insurance agent, the bank RM or your uncle? Let me try and get around this question by looking at the other side. But first, a story from my personal experience. The story of the Bank Relationship Manager A few years ago, I was … Read more
I recently received this email from my client. I thought it will resonate with you and so I am sharing it here. Read on. Subject: Financial planning Dear VK About 5 years ago, when I invested in a mutual fund for the first time, I was apprehensive. Till then, all that I had ever come close to … Read more
ULIPs stand for Unit Linked Insurance Plans. They offer a combination of insurance and investment and are offered by life insurance companies in India. The Ugly Days ULIPs have been a much hated product for most of their existence. So much so that they were considered highly toxic financial products. Here are a couple of reasons. First, there … Read more