Ulips Make Your Wealth Wilt
I have been a regular reader of your magazine MoneyLIFE and have been impressed by the number of issues you have taken up on behalf of us small investors. I have been educating myself on financial matters and make informed choices on all my investments. Some three years ago, my husband and I invested in one ULIP policy and one unit-linked pension plan from ICICI Prudential. We have...
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On A High

Shaw Wallace & Co Ltd (SWC) was acquired by the UB group in 2005
for around Rs1,300 crore, which allowed Vijay Mallya to get control over a company that he always thought was his. According to the grapevine, Manu Chhabria was supposed to co-own the company but kept Mallya out, once he acquired control. With brands like Antiquity, Royal Challenge, Director’s Special, DSP Black and Old...

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Games Funds Play

Funds are sending investors their money by cheques and enjoying the float

Last week, I received this e-mail from R Ashar of Dubai. The message included a copy of an e-mail sent to M Damodaran, chairman of the Securities and Exchange Board of India (SEBI) complaining that asset management companies (AMCs) of mutual funds are indulging in unfair practices to profit at the cost of their...

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