Business Standard

Transparency as antidote to conflict of interest

Far from being a hindrance to our practice, transparent disclosure of conflict of interest is a powerful tool that has helped us gain clients' trust


Harsh Roongta
Minesh, a client, had a couple of crores of rupees invested in financial assets like bonds, mutual funds, and shares. But around two-thirds of his investment kitty was invested in a residential flat whose value had grown manifold over a decade.   

As Minesh was nearing retirement, he wanted to consolidate his investments. He wished to know whether he should sell the property and invest the proceeds in financial assets.

As I reviewed the facts shared by Minesh, it became clear that selling the flat made sense for a variety of reasons. One, Minesh would find it hard to manage
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Sep 25 2022 | 9:10 PM IST

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