Investments

Central agency needed to curb mis selling menace

Banking, Investments, Personal Finance, Press / By /

Whilst newage investors require protection from unregulated finfluencers there is an urgent need for a centralised investor grievance redressal agency that will provide protection for older investors to whom financial products are mis-sold and their grievances fall through the regulatory gaps. First mooted by the Financial Sector Legislative Reforms Commission ( FSLRC) the expert committee appointed by the Supreme Court (in the Hindenburg report matter) has reiterated the recommendation. Harsh’s article in the Business Standard.

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Restrictions on foreign spends erode Brand India

Governments, International, Investments, Press / By /

The 20% deposit requirement imposed on overseas remittances inhibits all citizens from spending or investing overseas. The sweeping inhibitory measure is supposedly to catch a few wrong doers who abuse the Liberalised Remittance Scheme who anyways could , with a little dilligence, be identified from the mass of data that the department has. Harsh’s article in Business Standard on the long term costs of inhibiting/restricting our ordinary citizens from spending and/or investing overseas and the impact such measures have on our aspiration to be a Super power.

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Have realistic expectations from your investments

Financial, Investments, Press / By /

Clients are always amazed when we tell them that looking at how the investments have fared for them is not the right way to review their continuance or otherwise. Using cricketing analogy Harsh explain why looking at moving long term performance of the investment vis-a-vis its peers is a much better way to review the continuance of any investment – rather than the performance experienced by them. In fact the focus on reviewing investments (reviewing the performance of the selected batsman) takes the focus away from reviewing the performance of the entire plan itself. Harsh’s article in Business Standard.

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Debt fund growth option: A smart choice for retirees

Investments, Personal Finance, Press / By /

Growth scheme of a moderately low risk debt fund allows lower tax payment on the income earned as compared to a bank fixed deposit of like maturity even if the interest rates till maturity are similar. This is due to the inherent tax friendly structure. Besides, the Debt MF allows easier encashment and part encashment facilities with no prepayment penalties. Harsh’s article in Business Standard today provides an interesting analogy of a water tank to explain the inherent structural advantage of the growth scheme. look forward to your comments.

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Wealth creation is simple but not easy, requires discipline

Financial, Investments, Personal Finance, Press / By /

“Sleep well, eat healthy and exercise regularly” are the “simple” rules that enable a healthy life. However it is not “easy” to follow these simple rules. Similarly wealth creation has simple rules which require discipline and patience. Most people prefer complex solutions in their search for faster results and it takes a dedicated coach to keep them on the path (pardon this bit of self promotion for our profession). Harsh’s article in Business Standard. Your comments welcome as always..

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Searchable database for unclaimed shares needed

Financial, Governments, Investments, Press / By /

Check on this link https://bit.ly/3Pf2ffX for the names of any investors who were active in teh stock markets in the 1980s/1990s . The link will provide details if any investor has unclaimed shares or dividends that have been transferred to IEPF. Around 48,000 crores are currently deposited with Investor Education and Protection fund (IEPF). IEPF does not have a functional search facility & investors are left to use private searchable databases.
Once discovered there are long tedious processes to recover the shares/dividends. Whilst action has been initiated by the finance minister to create an integrated portal to make the refund process simpler I make a plea in this article in Business Standard that a transparent searchable database is a must to reduce the mountain of unclaimed assets. comments welcome.

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Mad money: Indulgence that keeps you disciplined

Financial, Investments, Personal Finance / By /

Harsh learnt a valuable lesson when implementing his lifestyle modification regimen – allowing himself controlled amount of cheating on sugar helped him to stick to his otherwise disciplined diet plan. This article in Business standard is on how he used the lesson in his investment advisory practise. Your comments are welcome.

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Move from debt to equity, but gradually

Financial, Investments, Personal Finance, Press / By /

Harsh really love this article written by him that appeared on Thursday March 19, 2020 a few days before the single day Junta curfew imposed on Sunday March 22, 2020 and the covid lockdown that commenced from Wednesday March 25 , 2020. I vividly remember the atmosphere during that time and the pall of fear and uncertainity surrounding everything that we had always taken for granted till then.

The atmosphere was such that one doubted long held principles in the face of the completely unprecedented situation. I am proud of the fact that the introspection under tremendous pressure helped him to decide to stick to his pre set rules . Now in hindsight the article makes me appear prescient 🙂 but it was a scary ride at that time. As He wrote – courage is not the absence of fear but the ability to act despite the fear 🙂

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