Must Read | Fixed Income

REITs: How They Work, How They Are Valued and Are They Worth Investing in?

MAS Team 18 February 2021
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Real Estate Investment Trusts (REITs) are a new asset class in the Indian financial market that offers exposure to income-generating commercial real...

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Checklist for investing in tax-free bonds

MAS Team 27 February 2014
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For liquidity, bonds can be sold and bought in the secondary market unlike FDs which have to be surrendered to the bank. The key difference between...

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Fixed income: Beating inflation

R Balakrishnan 27 February 2014
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The ideal situation for investors would be one in which their savings ‘grow’ in real terms. If we can invest our money without too much...

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Fixed Income: Bonds vs Bond Funds

R Balakrishnan 27 February 2014
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Bond funds, or income funds, have not been attractive as an investment in the past five years, except in 2008. Like equity funds, there are years...

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Fixed Income: Risks in investing with NBFCs

MAS Team 30 March 2013
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NBFCs have been around for quite some time now, to make the retail guys part with their money.

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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