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In the recently concluded 6th India Investment Conference conducted by the Indian Association of Investment Professionals, I was fortunate to sit through a talk by Professor John Kay, an eminently respected British economist. Professor Kay’s talk was titled “Other People’s Money…”. The talk intrigued me to delve more into his ideas of financial intermediation and I then came […]

An examination of various client portfolios at the end of December 2015 has shown that high-risk portfolios of our clients have significantly outperformed their benchmarks; however low-risk portfolios, while not losing money in absolute terms, have underperformed their respective benchmarks (SBI one-year FD rate or CPI rate of Inflation + 2%). The content of this

Unit Linked Investment Plan (ULIP) products have been marketed by insurance companies with great success. The tax benefits under section 80C to premium paid for ULIPs has been a significant pull aspect of the product. A ULIP many a time is essentially a mutual fund product being masked under the pretention of being an insurance

Financial Planning article in August issue of The Financial Kaleidoscope from NSDL (scroll down to page 3)

The Ministry of Finance (Government of India) has recently released a report on recommending measures to curb mis-selling and rationalizing distribution incentives in financial products in India. At the outset, I would like to extend my admiration on the way the report has highlighted and brought into laser focus the critical issues that trouble the distribution

Amidst the market mayhem we have witnessed in the past fortnight, market pundits have voiced a variety of opinions, including the likelihood of persistent volatility, the relative safe haven India offers among emerging markets, and the need to stay invested. There sure is a grain of truth in many of these opinions – but that

Amongst my rather small group of clients and at dinner table conversations with family and friends I keep getting asked on what is going to happen next to the world economy, where are the Indian markets poised? The implications of Brexit, the Chinese market crash, and the impending rise in US interest rates. As an

Whether we employ peons in our companies or we employ house helps at home, we all (at least you, my clients) are employers at some level or another. These employees, while not below the poverty line, are extremely vulnerable to catastrophic events such as sudden illness, life-threatening accidents and the often ignored lack of income

In a recent discussion among friends, we briefly debated the idea of the lack of training in probabilistic thinking in our schools. We discussed how of all disciplines we learn about in school, statistics and probability has by far been the most useful in practice. Being a Six Sigma Black Belt in my previous job,

I was pondering over the topic for this month’s blog when my wife in the background was reminding me that our children’s end of term report cards were ready and that we need to collect them from the school. This set me thinking about Aroha Capital’s composite report card. Aroha Capital was incorporated in February