Hi, I have a query regarding Mutual Funds SIP. Say if today 24th Jan 2011, i start a SIP of Rs 2000 per month in some Mutual Fund and i assume 20th of every month 2K is deducted from my a/c. So by 31st March 2011 Rs 6000 /- would have been dedcuted from my a/c. Assuming i keep investing for a total of 2 years (with 24K per year or 2K per month). Is it true that the remaining SIP amount i.e 24000-6000 = Rs18000/- can be used for the year 2011 - 2012 investment?
Eg: Will it hold good? 6k investement in MF with 2K SIP per month : 2010 - 2011 18K investement in MF with 2K SIP per month : 2011 - 2012 24K investement in MF with 2K SIP per month : 2012 - 2013
Re: And
by Ishita Sharma on Aug 05, 2010 01:07 AM
What is ETF. Know about ETF and Gold ETF. Go to investment bazar and read this - Gold Exchange Traded Funds – Is it a good investment option?
Re: And
by Ishita Sharma on Aug 05, 2010 01:06 AM
ETF is a good investment option, SIP is also a systematic way of investment. Go to investment bazar and read this article on Systematic Investment Plan (SIP) – The best way to invest. This will help you understand better why SIP is good.
Re: And
by Kuldeep Khatau on Jul 25, 2010 08:26 PM
wrong advise..SIP is a method of investing which never goes wrong in long term investing. It has a proven record in any given time period. Investing in ETF is just like Lumpsum investing and there is a timing risk.
Re: Re: And
by RathaChamundeeswari Angalamman on Jul 26, 2010 03:57 PM
Proven?? - Nikkei in 1989 39K, Now 7.5K. Any fundamental difference between Nikkei and Nifty? If I had put "long term savings" in Nikkei in 1989 and 30 years later more than 70 percent vapourised.
Do not enter SIP a.k.a Systematic Gambling. Only short term Index funds. Dont bet long
Thanks to SEBI, people now know that IRDA cares only for the insurance companies and their agents. IRDA is now making cosmetic changes to ULIPs to improve its image and save face. Why didn't it do these changes before SEBI acted, even though ULIPs have existed for many years now and IRDA was aware of the fraud all along.
Thanks Mr. Bhave, because of your efforts the general public is now aware of the fraud called ULIPs. Thanks a ton
Re: the cat is out of the bag
by Kuldeep Khatau on Jul 25, 2010 08:27 PM
what about the fraud of mediclaims. And if Mr Bhave has saved the investors then why is the investment AUM decreasing rapidly in mutual funds. The customers are used to taking kickbacks from agents and that is a problem which Mr bhave cant see.
Re: Re: the cat is out of the bag
by prashant sharma on Jul 26, 2010 11:31 AM
KULDEEP the AUM is decreasing because customers were being sold mutual fudns like potatoes and tomatoes. Now these unscruplous agents are not gettimng commission, so they have started shifting ther customers money to ULIP's. I think you are an agent. tRY AND BECOME AN ADVISOR. you will see the difference. It will be tough initially, but you will be successful in the long run. Otherwise, the most logical course is looking for another employment. This field is dead for brokers and agents now.
Re: the cat is out of the bag
by RathaChamundeeswari Angalamman on Jul 26, 2010 04:03 PM
Now, ULIPs are given based on Equity and debt, we have the option of going for full debt. Worth a dekho thats all.
But Sebi has done a good job. Now, we know the true colors of IRDA, which take no initiatives in educating the customer
Re: Re: the cat is out of the bag
by rishiraj singhgandhi on Jul 30, 2010 02:46 PM
all these insurance cos. are making fool of customers.misslling and unethical ways are common.one sincere advice....never invest in private life insurance cos...they r not going to pay ur claim.
If you invest through brokers (a bank etc) do they charge any fee. Once I invested in lump sum and I was charged around 2.5% fee. They charged fee by charnging for Higher NAV than it actualy was on the day.
Re: Investing in SIP
by Vijayan Malliyoor on Jul 23, 2010 08:32 AM
Now you have the option to directly purchase units at the current NAV. In that case there is brokerage.
Re: Investing in SIP
by Parminder Singh on Jul 24, 2010 10:27 AM
You can look for a distributer near your home or office for investment, who'll charge you nil or very low charges. Banks or Big distributers charge high fee as compared to small distributers. you can also go DIRECT to AMC's but then you have to devote time in reaching their office and conveyance charges. Choice is yours!
Re: Re: Re: Invest n Earn
by suppandi on Jul 22, 2010 02:50 PM
Ajay, Can you please suggest which is the best endowment plan having good maturity benefit
