Latest News & Updates!

Budget: Highlights and comment

Tue, 07/07/2009 - 08:04 — admin

Finance Minister Pranab Mukherjee presented a Budget that may be termed as popular, but it did not go down well with corporates and stock markets, which crashed phenomenally almost as soon as the trading community realised there was not going to be any big-bang pro-market reforms unveiled.

The focus was on farmers and the poor, aside from infrastructure.

The Perils of Timing

Thu, 07/02/2009 - 14:46 — admin

By Dhirendra Kumar

Equity mutual funds are not equity and fixed income funds are not fixed-income. Many mutual fund investors don’t understand this and end up using funds in a way that is harmful to their investments. There’s a lot of difference between the ingredients of a dish and the prepared dish itself.

Understand, then invest

Mon, 06/29/2009 - 10:56 — admin

Dhirendra Kumar
June 29, 2009

It was many years ago that I first read the book Small is Beautiful by the economist E.F Schumacher. It's not a popular book in business circles. Shumacher's concepts of getting by with the least possible and smallest possible set of resources seem outlandish to a certain audience. To most businessmen, 'enoughness' seems to be an idea more suited to a hippie commune from the sixties than to the world as they see it functioning.

Need a new kind of funds distributor

Mon, 06/22/2009 - 14:18 — admin

Dhirendra Kumar

On the 18th of this month, two key changes were initiated in regulations governing mutual funds (MFs) in India. One, the Securities and Exchange Board of India (SEBI) abolished the practice of ‘entry load’ — the upfront sales commission — in MFs. And two, it was reported that the government would somewhat loosen the Know Your Customer (KYC) requirements for small investments made through the Systematic Investment Plan (SIP) route. Both of these are significant changes that will alter the fund investment landscape in the country.

SEBI Changes Rules of the Game

Mon, 06/22/2009 - 09:35 — admin

By Dhirendra Kumar, VRO

After six months of anticipation, the Securities and Exchange Board of India's (SEBI) board meeting earlier today abolished entry load for investing in mutual funds. With this change, the business of selling funds will change fundamentally. The money that a fund distributor earns will now come almost completely from the so-called trail commission. This is the commission that the distributor receives from the fund house on a continuous basis while the money is invested.

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