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Do companies in India offer severance packages?

Do companies in India offer severance packages?

Severance packages are more common in other countries, but most multinational corporations in India also offer one.

You often recommend HDFC funds for your section 'Portfolio Doctor', which appears to be a biased view. For a lay person, it is difficult to differentiate between the objectives, styles and features of the various funds that are available. Please provide suitable explanations for choosing a particular fund.
Suan Thang, e-mail

Iris replies: We recommend funds from Templeton, DSP, ICICI Pru as well as from HDFC AMC. There are several factors that we consider while choosing a fund. Firstly, we see how true the fund is to its label. For instance, a large-cap fund should only have largecap stocks. Secondly, the asset management company should have good processes and robust systems so that even if a CIO leaves, it should not upset the performance. Thirdly, the longer a CIO has been with the same fund, the better it is. Fourthly, we look at the ethics, morals, promoter's image and integrity. Finally, the fund's actual performance during a bull run and bear market is seen. Of course, the fund should suit the investor's goals and risk profile.

 

The article on smart spending was interesting. However, the listed schemes were confined to Delhi, whereas the magazine reaches every part of the country. Such articles don't serve any purpose for readers based in other cities.
Sandeep Kumar, Amritsar

We agree with your viewpoint, which is why most of the examples cited in the story have a pan-India presence, be it BIG cinemas, Shoppers' Stop or Tanishq. The idea behind the threepart series was to highlight the marketing strategies and gimmicks that retailers are deploying—with illustrative examples, not an exhaustive list—so that the consumers can keep an eye out for the same in their cities.

 

In one of the sections in your cover story on job loss, you have talked about getting a severance package. This concept is more popular abroad. Do companies in India make such offers?
Himanshu Khanna, Bengaluru

Yes, you are right. Severance packages are more common in other countries, but most multinational corporations in India also offer one. Some smaller companies too hand out severance pays, though they may not advertise the fact. However, if an employee has planned well, he or she can negotiate a smooth exit along with a decent package.

 

I enjoy reading the book reviews that you feature. It would, however, be helpful if you could also provide information about the availability of the book. For instance, how can I get the book Five Rules for Successful Stock Investing?
K.K. Aggarwal, Delhi

We usually feature books that are easily available. If a bookstore doesn't have a book in stock, it should be willing to order one for you. You can also order it online from the Websites of popular bookstores or from www.a1books.co.in.