Can’t trust them

I had invested in UTI Infrastructure Advantage Fund-Series I on 3 December 2007—the lock-in period is three years. But the Fund’s performance has been below par. Recently, I approached UTI Asset Management Company for redemption of my units, and the AMC asked me to submit a written request in the common transaction form along with a cancelled cheque and a copy of my permanent account number...

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Improving life

I thank the Insurance Regulatory and Development Authority (IRDA) chairman J Hari Narayan for his commendable work in cleaning up the life insurance industry. After IRDA cracked its whip, life has become a lot better for policyholders. Products are efficient, with higher coverage. But mortality charges are still outside the purview of regulatory control. With the minimum sum assured rising to...

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Absolute power

This refers to “Getting More Corrupt” in Crosshairs (Moneylife, 18 November 2010). The most corrupt state, where power rules (and where power corrupts absolutely), is Delhi. It is strange that some other states are ahead of Delhi as per some press reports.
Mahesh Kumar, B-49, Gulmohar Park, New Delhi 110 049,
by email

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