Efficient, low cost and easy to access, these high- tech financial advisors may perform better than their human counterparts
Amit Kumar, 36, is a salaried professional working in Bengaluru. He wants to open a fixed deposit (FD) to save for his child’s education but keeps delaying it. The reason: Last time he was at his bank to seek advice on saving/investment options to buy a house, he was sold a high cost insurance policy. “I was told it works just like an FD. But when I wanted to withdraw the money, I came to know there was a lock-in period and I could not draw it immediately. I do not trust them with my finances now.”
Much like Kumar, most of us made have made at least one investment that we regret later. It is especially true if you are young and uninitiated – without much knowledge of the increasingly complex world of savings and investment and without access to top-grade financial advice, which comes at a premium. Be it your neighbourhood broker or the corner bank, portfolio managers or sales folks, not many in India do a need based analysis before offering a financial product. And questions are rarely asked about risk profile, the purpose of the investment, time horizon, ongoing schemes or future goals. Usually, products that earn maximum commission are pushed.
Esta historia es de la edición July 02, 2017 de Business Today.
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Esta historia es de la edición July 02, 2017 de Business Today.
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A Man of Multitudes
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HOUSE OF THE RISING SUN
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FROM GREY TO GREEN
WITH THE CLIMATE CRISIS BECOMING MORE ACUTE, GREEN HYDROGEN COULD BE AN IMPORTANT SOLUTION
ECO CHAMBER
DATA CENTRES ARE A VERY VITAL PART OF THE DIGITAL TRANSFORMATION THAT IS UNDERWAY, BUT THERE'S A PROBLEM: THEY CONSUME TOO MUCH ENERGY. AS DEMAND FOR SUCH CENTRES INCREASES IN INDIA, IT HAS NO OPTION BUT TO EMBRACE GREEN SOLUTIONS
THE GREEN BARRIER
THE EU'S CARBON BORDER ADJUSTMENT MECHANISM COULD MAKE INDIAN EXPORTS UNCOMPETITIVE, UNLESS EFFORTS TO REDUCE CARBON EMISSIONS ARE ACCELERATED
HUMANISING SUSTAINABILITY
THERE IS A NEED TO MOVE BEYOND INDIVIDUAL WELL-BEING AND FOSTER A SENSE OF INTERCONNECTEDNESS AND SOLIDARITY
DE-RISKING THE BOOKS
INDIAN BANKS ARE BEGINNING TO TAKE BABY STEPS TOWARDS ADDRESSING CLIMATE-RELATED FINANCIAL RISKS IN THEIR BOOKS. BUT THEY MUST PUT THEIR FOOT ON THE PEDAL AND ENHANCE PREPAREDNESS
PAYING FOR CHANGE
WITH EXTREME WEATHER INCREASINGLY PUTTING THE COUNTRY AND ITS ECONOMY AT RISK, INDIA SHOULD EXPLORE CLIMATE FINANCE PATHWAYS TO FUND ITS NET-ZERO JOURNEY TOWARDS A GREENER FUTURE
BEYOND THE BLIP
ESG HAS BEEN UNDER SCRUTINY GLOBALLY AMID ALLEGATIONS OF GREENWASHING AND RECORD REDEMPTIONS FROM ESG FUNDS. BUT THAT MAY JUST BE ONE SIDE OF THE STORY, SINCE SUSTAINABLE PRACTICES HAVE BECOME CORE COMPONENTS OF COMPANIES' STRATEGIES
PROFITING FROM ESG
INITIALLY DRIVEN BY REGULATORY COMPLIANCE REQUIREMENTS, BUSINESSES ARE INCREASINGLY VIEWING ESG AS A TOOL TO ENHANCE PROFITABILITY. BUT THERE IS STILL A LONG WAY TO GO