| Dear Mr.Hari
All the investments based on Equity (shares) are risky. Doing online share trading is more risky than Mutual funds. Both of the case you need patience and knowledge. In case of shares you have to close watch and study the shares and management of each company and daily newses too.
Whereas on Mutual fund you just check of each mutual fund portfolio, on which which companies they are investing is must. During past year the main equity based mutual funds were giving average 30-40% return. Here also you have to fix a target and take profit on such intervals. It is advisable to add more fund when the unit price is low and average if you got loss on old investments.
So it is based on your knowledge on the portfolio and each type of mutual funds.
Regarding ULIP is not advisable to me. If you want insurance go for straight insurance and for investments 100% investments the combined product like ULIP not at all profitable compared to other option like 100% insurance and 100% investments.
You can take TERM insurance for insurance purpose and it is advisable Mutual fund equity 100% for investments purpose.
Also always vigilent and try to study each fund houses and thier schemes before deciding. It is your money and not agents money so you have to know before going to lap.
I am not any agent but only an invester have share trading online as well as mutual fund investments since 2000 onwards. My experiance is gain around 30% average.
rgds/sabu
--- On Thu, 1/19/12, hari haran <jhs23292000@yahoo.com> wrote:
From: hari haran <jhs23292000@yahoo.com>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
To: "Keralites" <Keralites@YahooGroups.com>
Date: Thursday, January 19, 2012, 9:55 PM
Dear Sabu,
i am also in this trap...but i am trying to completing these installments or big loss of money, at least, i will get back my paid amount but not sure...
Rassana is correct i.e. if we put the money FD or savings a/c we can take back the money any time with current interest.
Bank and agent's are cheating the people with showing the benefits++++++++, but they never mention the risk factor or issues to the victim, also the rules they have stated in their policy document and prospects very very small font no one can read and normal people will look at the agent words...as they are getting big commission from the back thru our money/each installment...
From the first installment bank deducting their profit, (20 to 30% of yearly fund value) also deducting the units (certain value) every month for their administration/ mortality charges... the main benefit and profit only for bank, thru investing any fund thru bank, as per their advertisement their life we make secure and safe...they will enjoy.... if the market is down, the investor fully lost his money and bank have no lose, no any surety /security of this investment thru bank...
if u know the share business do it directly thru online and this bank charges also we can buy the units...i wish to advice all my friends do this share business directly...no any hidden charges / payments...
Hari
--- On Thu, 1/19/12, Sabu m k <mk_sabu71@yahoo.com> wrote:
From: Sabu m k <mk_sabu71@yahoo.com>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
To: Keralites@yahoogroups.com
Date: Thursday, January 19, 2012, 4:58 AM
Dear Mr.Rassana
You arecompletelywrong and I thinkignorantabout 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 remainingfull 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 forcedme to pay thethird 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 bankwe can get ful amount with up to date interest. totally we are mislead by the bank staffs andagent. this should be erased from the banking law thismust taken to the irda with a groupof 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 Dear Friends,
I am a member of Reliance mutual fund under the scheme equity automatic investment plan since 2008. my deposit is 1 lakh . It is a 3 year plan but I invested only once in this plan(18-02-2008) and cound not continue in the next years(18-02-2009,18-02-2010) Now as per the online report my status is ULIP - auto lapsed and my fund value is only 67,587/- after 3 years.and when Icontacted the reliance office could knew thatonlyI will get the money as per the statement after deducted perticular % of fees (around Rs 3000) My agentwas mis undestood me from the begining thatmy investment will be secure always because it is under IRDA.Please help some bodyto know whatamountI canclaim in this regards and what are the procedures. Thanking you |
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