Letter To The Editor

Money Today readers' feedback on the magazine's coverage of the personal finance sector
     Print Edition: August 2013

Money Today readers' feedback on the magazine's coverage of the personal finance sector -

The standardisation guidelines for health insurers (Keeping it Simple, July 2013) was a necessary step considering how technical insurance documents has become now. This was especially true for health plans as these policies also had to define medical conditions . Doctors define illnesses in terms that are not easily understood and these technical definitions were being used to define policy inclusions and exclusions. -JUSTIN MATHEW, Mumbai

The cover story on mutual funds (The Wealth Creators, June 2013) was exhaustive. However, I'm always confused by the many classifications of funds, such as small-cap, large-cap, mid-cap, balanced, hybrid, sectoral, tax-saving, gilt, debt and so on. I think such classification is for industry insiders. I'm more concerned with returns and risks. So, the fund manager investing in infrastructure or bluchips is not my concern. I want to see consistency of returns generated by a fund. If the fund has been a consistent performer in the past 2 years or more, then that's what I want to know to invest in it. - SABYASACHI MITRA, Kolkata

The realty market seems to be dangerous for investors at all levels. The story on the various tricks that developers use to cheat buyers was very interesting (Spotting the Trapdoors, July 2013). Often, consumers end up paying a little more because they're unaware of the laws and regulations that apply to their properties or apartments. -AJAY RATTAN, New Delhi

I have always assumed that settling a loan was the final solution if it became unviable to pay up the debt (Unsettling Scores, July 2013). It is now apparent that even this will only go so far in getting your finances back in order. As was illustrated by the case study featured in the story, even a mistake by the lending institution can result in the customer paying more than is due by 'settling'. In such cases, I suppose it would be better to take the case to court and wait for the decision rather than 'settle' dues and damage one's credit history forever. - AAKASH CHUGH, email

The coverage that your magazine gives to commodities, including guar in the latest edition (After the Short Break, July 2013), is very useful for investors who want to diversify their investments beyond equities, debt and mutual funds. Of course, it would not be wise for small investors to choose commodity instruments without doing proper research or making use of expert advice. - NAVEEN KAPOOR, Mumbai

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