Sunday, 22 January 2012

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

 

Dears,

If there is a CBI enquiries on the share markets deft they will found most of the agency is doing fraud documentation on this job. 95% of business is getting with friendship or other relations. We are giving cheque and signature on blank applications. But when u receiving certificate there is lots corrections and signatures (duplicate). This signature and corrections are doing by the agent or their chief. The agent or their chief deciding which product is selling to the client. So there is no chance to select production, also most of the clients, they don't know what is the better or market value product. Agent is giving guaranteed offer with sweet and smile talk.

At 2008 I purcahsed a land, now its more than 6 times incareased profit, same time I deposited some amount through HDFC, reliance, etc. Its absolutely loss.

So, government should take a action to protect clients interest and guaranteed profit. I think there is already a new rule since last year, but I have doubts that agency is trying to overtake it!!! Bcz now some banks is returning the investment money after close ur deposit ( without requesting by client) even u completed three years, with big loss.

Now I am not joining any kind of investment with this type Banks. No need certificate or fraud applications bcz there is NO GUARANTEE on BUSINESS. Bank is making money with our money, we are getting only LOSS. Bank is not ready to work for us.

KK Abudhabi

From: Sabu m k <mk_sabu71@yahoo.com>
Date: Sun, 22 Jan 2012 06:13:17 -0800 (PST)
To: Keralites<Keralites@YahooGroups.com>; <Keralites@yahoogroups.com>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help

 
Hi
 
The below information is ok, but all of you should decide wt type of investments you want.
 
Bank deposits like FD, RD etc are secure the capital as well as the returns they offered. but the returns always limited and is almost same or below of inflations. Sos considering the price inflations it is some times minus returns but always the principal should be there and secure . It is adviseble to the orthadox type of investors who is not intend to take risk and no knowldge of financial markets.
 
The second types are Govt/pvt corporate bonds & preferntial shares. it also secure and comparitively give good returns better than bank deposits but there is minimum period limits.7-12% returns normally offered.
Gold bonds also there is almost same.
 
Another one is post office savings & PPF - higly secure and returns and minimum period of deposits are restricted.
7 to 8% normally
 
Mutual fund debt funds - this is also same like bond investments but some risks. normal return is 7-9% and some times to 11%. Though some risks compared to above bank deposits, Post office & govt bonds. This hhave liquidity as you can open (deposit)and close (redeem) anytime. So higly liquid. there is Fixed maturity plans like 1 month 3,612 months etc. (if above 12 months like 366 daysthere is capital gains benefit too).
It is 95% secure and can advisable who wish liquidity as well as returns.
 
Other investments are equity (share & stok) based - it is highly risky as it is based on the share market on daily basis. the returns some times 100% or more and risk of loss also 100%. Those who are patient and ready & time to watch financial/equity market and daily newses can easily make 30%-40% average returns even considering the loss some time. Only the invester need liquidity and patience and ready to spend time and acquire knowledge of market. Choose good share of good companies have net worth never gave a loss if u can watch for a 6to 12 months time.
 
Same like commodity market also there and you can invest.
All these are now available online and vigilent every time on market and you have the chance to switch the investments from equity to debt and reverse. So on the right time you switch from equity to debt (at a desired level of returns) and reverse when the market go low so as to get more units.
 
If you are ready to take more risk you can get more profit too by entering furures in share market.
 
conclusion, if you take more risks chance to get more returns and less risks return low but secure.
 
Now each of you think what u want.
 
rgds/sabu

--- On Sat, 1/21/12, bharat jaya <jayabharat04@yahoo.com> wrote:

From: bharat jaya <jayabharat04@yahoo.com>
Subject: Re: [www.keralites.net] MUTUAL FUND-please help
To: "Keralites" <Keralites@YahooGroups.com>
Date: Saturday, January 21, 2012, 2:35 AM
 
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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