Simplus

Query: Your feedback on SEBI’s Concept Paper on Regulation on Investment Advisors?

Mr. Gerard Colaco: My preliminary views are as follows. It was only a matter of time before investment advisers had to be regulated in India. There has been too much wrong advising and mis-selling. But what SEBI has not realised is that the main damage to investors is done by stock brokers and insurance agents, both of whom will escape the regulation on investment advisers.

Investor’s Query: I am contributing every month funds towards Employee Provident Fund (EPF) with my company. Can I account my monthly contribution towards EPF towards my Retirement Corpus?

Query: Please find enclosed my article for the xyz souvenir. Please feel free to comment.

Investor’s Query: It seems a long time ago that I bought shares of Corporation Bank during their IPO. Not that I am complaining, but I wonder as to how people survive in India .I had a SB Account with the xxx branch. The then manager sent me some forms requesting I buy some shares. I made a very modest investment. Since then every year dividends are credited to my account. But the performance of the shares is somewhat disconcerting. Let me explain:

Query: I was wondering what you thought about the equity market – even though I know that you are not a market timer.

Obviously the global situation is very bad, and arguable things are reasonably bad here as well – be it the macro economic situation or the politics. However, over the past few years I have tended to be even more conservative than usual because of the unusual issues in the global environment (with parallels to the great depression etc).