Saturday, 21 January 2012

Re: [www.keralites.net] MUTUAL FUND-please help

 

Dear friends,
 
Banking business is controlling by RBI
Insurance sector is controllong by IRDA
Mutual fund / Share Trading etc are under SEBI
 
ULIPS - Unit Linked Insurance Plan is linked with share market value- but it is under insurance.
 
All SEBI related transaction is operating through `Dmat' A/c
Which can open with banks, share brokers etc
 
For entry of share market, required
1) Bank A/c, 2) Dmat A/c. 3) Trading a/c
mostly banks are offering 3-in-1 A/c
 
If you are planning for a short time safe investment,
Better choice is `FD' with bank.
If you are planning for a regular 2-3 year safe investment
Better choice is `RD A/c' with bank
If you are planning for a long time investment,
better to open a `PPF A/c' with SBI or in Post Office.
(PPF have some certain conditions like limit of investment in a year, lokin period etc)
 
5yr FD A/c with Bank help you Income Tax benefit u/s 80C
PPF A/c is also help the same more over interest is also tax free.
 
Thanks/Bharathan

--- On Sat, 1/21/12, haridasanck <haridasanck@yahoo.co.in> wrote:
From: haridasanck <haridasanck@yahoo.co.in>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
To: "Keralites@yahoogroups.com" <Keralites@yahoogroups.com>
Date: Saturday, January 21, 2012, 12:21 PM

From: Sabu m k <mk_sabu71@yahoo.com>
To: Keralites@yahoogroups.com
Sent: Thursday, 19 January 2012 12:58 PM
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
 
Dear Mr.Rassana
You are completely wrong and I think ignorant about mutual fund & ULIP investment markets. All equity based mutual funds are investing/trading in share market and is subject market risk. Probelm now market is down so the unit value is going down.
 
Also for Mutual funds IRDA have no role and need to go to SEBI if any complaint and in case of insurance companies can go to IRDA. Also there is no relation with the banks in this case.
 
But from the first mail, came to know that is ULIP and can very well know about the scheme if the policy document and prospects read.
 
rgds/sabu  
--- On Wed, 1/18/12, mohammed rassana <mrassana@yahoo.co.in> wrote:

From: mohammed rassana <mrassana@yahoo.co.in>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
To: "Keralites@yahoogroups.com" <Keralites@yahoogroups.com>
Date: Wednesday, January 18, 2012, 2:37 AM

 
dear sir,
 
 all the banks rules are as like as the same. they must give their rules and regulations.
 
 if you pay remaining full amount [ you must pay the remaing balance amount ]to relience  and may get back full amount.
 
 try with your concern agent also.
 
 in my case also  the same with icici bank. i paid two instalment 50000+50000= 100000 one lake
 i cannot pay the third instalment . now they forced  me to pay the third instalment  to get full up to date amount, otherwise they  pay me back only the balance amount  with deduction of their rules. 
 
what can i do? i said ok then you pay me  the balance  as per your rules and regulations . 
 
but stll they didnot pay yet. first this is our mistake. all the banks and bank agent s are theifs.
first they said some thing, afetr that they completely return to side of the bank.
 
if we put our deposite in normal sanvings bank account, instead of this type of  investment with relienc or like icici bank we can get ful amount with up to date interest.
 
totally we are mislead by the bank staffs  and  agent. this should be erased from the banking law
 
 this must  taken to the irda with a group of people who they are affected  like this.
 
 how we can do it?. please consult with the lawyer.
 
thanks
 regards
 em. rassana
From: jamal kk <jamalkk2000@yahoo.com>
To: Keralites <Keralites@yahoogroups.com>
Sent: Wednesday, 18 January 2012 1:35 AM
Subject: [www.keralites.net] MUTUAL FUND-please help

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