Posts in category All News
Share market update: Most active stocks of the day in terms of traded value (20-06-2024)
Nifty June futures trade at premium (20-06-2024)
Is retail investors emerging as the third front against FII selling a structural development? Navneet Munot answers (20-06-2024)
PM Modi has collapsed psychologically, he can’t stop paper leaks: Rahul Gandhi on NEET scam (20-06-2024)
Why do you think people in India don’t take help from financial advisors? (20-06-2024)
Financial advisory is easy in the sense that basic information is easily available freely on the internet, which any educated person can read and understand.
Mutual fund advisory has no meaning for a person who can understand that in the long run, low-cost index funds beat almost all active fund managers; and even though a few can beat the index, there is no way one can recognize those winners in advance. Timing the market/stock picking is too risky for the advisors themselves to advise upon. So there is not much to advise upon.
Yes, the financial advisory is extremely useful for financial illiterates- but they do not have much money to pay to advisors and therefore many advisors are engaged in commission-based advisory[post office schemes are a good example, insurance is other, refusal to advise low cost direct mutual fund is obvious].