Sebi, do no harm

A friend of mine used to joke that in the deep south of Bengal, the Sundarbans, there are three brands you would come across: the Communist Party of India (Marxist), Pepsi and Coke. Coke and Pepsi, of course, do not have offices there. The strength of any consumer product company is, as we know, its distributors. What about financial products like mutual funds and insurance? You will find agents of the Life Insurance Corporation in many small towns.

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