SWP Campaign by a Leading Asset Management Company – 101
Friends, I am not sure how many of you have seen the Systematic Withdrawal Campaign (SWP) by a leading Fund House (AMC). The advertisement (ad) has been published in several Newspapers and Magazines (Not sure about TV) Today, one of our clients, who is close to his retirement, sent me a note and asked for my opinion on the ad. Initially when I had seen the ad, couple of days ago, the text ‘SWP’...
PenguWIN’s 3rd Anniversary
Dear Friends, Today, 4th July 2017, PenguWIN steps into 4th year of successful operations. It has been an exciting journey so far with ups and some downs. Our humble and sincere thanks to all our clients, well-wishers and partners for imposing faith and supporting us. There have been many instances where some of our existing clients have referred their friends/colleagues/relatives to benefit from our services and follow up with them on a regular basis, until they...
For the benefit of Senior Citizens and Good to Know for others
Dear Friends, There were constant complaints from Senior Citizens to RBI about the interest rate cuts that resulted in the lowering of Bank FD rates from over 9% to about 7%. Dr. Rajan explicitly mentioned this in one of his speeches and the famous “Dosa Economics” is linked to this (https://penguwin.com/rbi-governor-dr-rajans-dosa-economics/). In the Budget 2017, the government announced a scheme which will provide guaranteed returns to Senior Citizens for 10 years and the rate would...