Come 1st October 2016 and you will witness 2 big changes – Mutual Funds Commission Disclosure and E-Insurance. These two changes will change the way these two industries work. First, it is mutual funds where the commission of distributors will get disclosed to their clients.
This article of economic times Can You Trust Banks put forth a very pertinent debate over Fee vs Commissions. Indulged in mis-selling of financial products the situation is derived from the fact that there are high incentives involved in selling a financial product. These lucrative incentives are high enough to meet the 3 times income […]
It’s being two years since direct plans in mutual funds came into being. Much has been debated on these investments as to whether they are really helpful for the investors or not. The intermediaries are against it since it threatens their survival while it makes a strong proposition for financial planners as it allows them […]
From July 2013, the color code in mutual funds schemes got implemented. This was a new mandate by SEBI wherein every mutual funds scheme has to be label in a specific color (from three mandated) to show the level of risk and objectives of that scheme. This was primarily done to ease the choice for investors. But […]
Hiring a financial planner is an important decision of your life. This decision is made on the foundation of trust where you are prepared to share your finances with an objective that you will be given the right guidance to build a secure financial future. But this was more difficult than written considering the lack […]