The Dividend Dead-end
By Dhirendra Kumar

By Dhirendra Kumar
August 4, 2009

As every mutual fund investor in the country must know (or should know) by now, entry loads on mutual funds have been abolished from August 1. Now, the entirety of the sum you invest will actually get invested in your name. Entry loads were used by funds to help remunerate the fund distributor who serviced you. Now, you will have to separately pay the distributor for his services an amount that you can mutually fix with him as fair payment for his services.

By Dhirendra Kumar
27/7/2009

A couple of days ago, the Insurance Regulatory and Development Authority (IRDA) issued a circular that brought in a set of new rules governing unit-linked insurance plans (ULIPs) offered by insurance companies.

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.

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.