MoneyLife has a story about how HSBC Bank took singer Suchitra Krishnamoorthy for a ride over a five year period by promising an extravagant assured return of 24%. Here’s the link Suchitra is quoted as saying that it is a…
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Ranjan Varma's Blog
Learning and Sharing Things Around Books, Mind and Money
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Bankers or Bhayankars?
Beware Of Free Lunches
Do you get invites for FREE HOT TIPS, daily newsletters with hot market picks with a request to share your email id or mobile number? Most of us do. I am reminded of the following excerpts about an email scam…
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Posted in Financial Awareness, Misinformation
Insurance Is The Best Investment?
I got the following sms this morning and if it is true then it is best to put 80% of your money in the product!! It says, Invest in LIC’s Jeevan Saral, Save Rs 2000/- per month, Get Rs 5…
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Watch AajTak & Build Your Wealth!
Yesterday, AajTak TV had a programme which detailed out the number of Diyas to light up, the mantra to chant during Diwali Puja. Do it and all your financial problems will go away. And Goddess Laxmi will ensure “Dhan ki…
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Posted in Misinformation
Mis-selling Starts With The CEOs
Jayant Pai writes about two comments made by the CEOs on TV. 1. CEO 1 said that his was the only fund which was currently available at Rs. 10 per unit and hence investors could get attracted to it. 2.…
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Misinformation Campaign About Pension Plans
Looks like I need to start a “CryBabies” category for CEOs of Financial Services Companies. Sample 1 Now with IRDA asking Insurance Companies to add “Insurance” to their Pension Plans, here are some stories in the media: Hindu Business Line:…
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Posted in Financial Awareness, Misinformation
The CryBabies of Life Insurance Industry
I hope the IRDA does not revisit the cap on surrender charges that it has proposed on all life insurance policies from July. The insurance industry (especially the private insurers) has strongly opposed the proposal. LIC is not worried as…
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Posted in Misinformation
