Investors are a gullible lot. Here’s what Vicky Kamariya, who ran Money Market Manthan, put on the firm’s website, as per an extract from the Sebi order. Super high fees Money Market Manthan went to great lengths to simultaneously follow, and disregard, Sebi rules, so it does not come as a surprise that the firm was also overcharging its clients. …
Bengaluru-based Dilshad Billimoria started her advisory journey from Birla Sun Life Distribution in the early 2000s, much before market regulator Securities and Exchange Board of India carved out a separate category for financial planners—Registered Investment Advisers — in 2013. Billimoria recounts her financial journey over the years, from having just one office boy and handling one client to now managing …
Kalpesh Ashar, founder, Full Circle Financial Planners andAdvisors, is among the first lot of Registered Investment Advisers who registered with the market regulator Securities and Exchange Board of India soon after it introduced the RIA rules in January 2013. Edited excerpts from an interview: 25,000 in line for Flipkart’s $700 mn Esop cash bonanza Reforms set stage for steady 6.5-7% …
