Scrap The Entry Load

SEBI’s proposal to scrap the entry load when people invest directly in mutual funds is laudable. The direction of thought is correct because it is the investors who eventually make up the mutual fund industry and anything that helps them is good for the industry as well.

It would perhaps be even more logical to scrap the entry load altogether. There is something very wrong about an entry load...

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Read The Fine Print

Apropos “Watch that Credit Card Spend” (MoneyLIFE, 13 September 2007), credit is really a trap because once you take a loan, you pay interest on it and, naturally, the principal also has to be repaid. There is a famous saying “Jitni chadar ho utne pair pasaro” (spend as per your income). The telemarketing calls from banks and credit card companies show that credit is easily available today. A...

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Great Interview

The interview with my favourite actor Amitabh Bachchan in your 30 August 2007 issue was very interesting. It has been a long time since the legend has given such a long interview to any magazine and he has talked about topics which he has not discussed before. It was a great read. On behalf of Amitabh Bachchan’s fans, I thank you for this great interview. Keep it up.
Abdul Rahim, Chennai, by...

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