Harish Rao - Livemint.com
ABOUT RECENT POSTS
Member since 11-07-2008
Last visited 08-27-2009
Timezone 5.00 GMT
Total Posts 156
Post Rank 0
  • Wednesday, August 26, 2009
    Posted at 12:06:00 AM
    When engaging the services of a Financial Advisor / Investment Counselor, what is it that you value most? Confidence or Expertise. (click below to listen to a podcast with Harish Rao on choosing an investment advisor) Most Investment Advisors (IA) I have spoken to seem to be convinced that it is Confidence. Some reason that Confidence stems from Expertise. Fair enough. In my judgment, I would tend to agree with most Advisors. Yes, the Indian investor seems to place more faith on the Confident Advisor than the Expert Advisor. After all, investment.
  • Wednesday, July 29, 2009
    Posted at 9:23:00 PM
    Winds of change are blowing at hurricane speed in the Mutual Fund industry. From Aug 1, 2009 , investors would not have to pay any entry load in any Mutual Fund Scheme. SEBI has recommended that instead, they - the investor - would have to compensate their financial advisor a suitable amount for advisory services. This means that for every Rs. 1000 given to a MF scheme, the entire Rs. 1000 is available for investment. ( Do a simple exercise, look at all your investments, Mutual funds, Insurance, Debentures etc, and see which one has snipped the.
  • Monday, July 06, 2009
    Posted at 10:46:00 PM
    So this was the Big B. Having to do an assignment non-stop till 7.00 pm, I got my first view of the budget at 8.00 pm on B Day. My first impression : The only Big B - Big Government. Anything named after Nehru, his daughter and her son was to get an increase of atleast 50% ! And in the present government, that just about covers everything from Roads to Tribal Archery competitions. I would be surprised if the fiscal deficit as % of GDP does not reach double figures by the time the next election is due. The Finance Minister did well to abolish FBT.
  • Sunday, June 21, 2009
    Posted at 5:08:00 PM
    SEBI has just decreed that Mutual Funds in India will not charge a load. And many Financial Advisors have concluded that the epitaph in their tombstone has just been carved in granite by SEBI. Having keenly observed and been an enthusiastic participant in the Investment Advisory business for more than a decade, there are two truths I firmly believe in. 1. The Mutual Fund is the greatest financial product in India today. It has the ability to create and preserve the wealth of millions of Indians. It is truly egalitarian, convenient and has a tremendous.
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