Must Read | Financial Planning

Things to Do After the Death of a Parent

Rajeshwari Victor 04 June 2018
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My father expired on 28 November 2016. He was a government servant and retired as a Joint Commissioner, Income Tax.

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Best-kept Secret to Fund Your Child’s education

MAS Team 08 January 2015
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You need just a few products to save for your child’s education

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A Free Financial Plan

MAS Team 12 November 2014
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Most of us do what comes easy to us with our money – practically do nothing and do what is easy. There is an easier and better way

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Returns from asset classes: Creating wealth

R Balakrishnan 27 February 2014
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In this column, I have made an attempt to examine various asset classes and how they have performed. I have not included real estate as it would vary...

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The mumbo jumbo of risk profiling is now part of orthodoxy

Debashis Basu 27 February 2014
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In late September, The Securities & Exchange Board of India (Sebi) released a concept paper on Regulation of Investment Advisors. There is a lot of...

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“Child Plan” Insurance Vs PPF

MAS Team 27 February 2014
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Child plans (ULIP and traditional) may be heavily advertised and sold by life insurance companies to create a corpus for your children, if you are a...

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Financial Planning: Simplicity works best

R Balakrishnan 27 February 2014
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I get many mails asking for advice on investments. Many want views on specific stocks which I avoid in the absence of any professional relationship....

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How to get a helping hand

MAS Team 27 February 2014
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Financial advice is often sought for free. Almost every day, I receive emails and messages asking me to ‘suggest’ a few stocks for...

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Changes in Our Business Model
 
 
25th Sept 2020
 
Greetings from Moneylife Advisory Services
 
Between financial years 2019-21, SEBI has come up with extensive changes to investor advisor regulations. On Sep 23, 2020, SEBI had issued new additional guidelines. This comes just two months after extensive changes announced in July 2020. Earlier, in December 2019 there was an ad hoc circular
 
As a result of these changes, IAs, cannot accept fees through credit cards, will have to sign a 26-clause investor agreement, have to maintain physical record written & signed by client, telephone recording, emails, SMS messages and any other legally verifiable record for five years. IAs were already asked to record the suitability and rationale for every piece of advice given, sign them and store them for five years.
 
While these extensive and frequent changes, designed to strengthen the conduct of IAs are well-meaning, these have sharply increased compliance efforts and cost. We, being online advisors, find many of changes harder to implement, compared to advisors working in the physical space. We will have to have an army of advisors, administrative and tech staff to be compliant. If we do this, we will have to divert money to these areas and the cost of our service will double. We want to remain the least-cost service in the market to benefit more and more people. In the circumstances, we are forced to change our business model from “advisory” to “research”. This will mean the following:
 
What remains the same:
  • Recommendations on insurance, investment and Lion stocks, will continue as a part of the MAS premium subscription. Our strength has always been research and this will remain available to you through our recommendations.
  • The magazine and all textual content will remain as part of the service
  • We will have to suspend the restructuring tool.
 
What changes:
  • The interactions in Ask / Handholding will offer investment advice but not specific to your situation. It will offer information on investment products and also clarify your doubts about various financial products. It will be a forum for information, not for advice. This will be implemented with immediate effect and our guidelines in Ask, reflect this now.
 
Over the next few weeks our site and our communication to you will reflect these and other additional changes.
 
We feel this will not affect you much in terms of what really matters in investing: knowing what to buy and when to buy. This is our edge and it will still be available to you.
 
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Debashis Basu
Founder