Unit-Linked Insurance Plan: a brilliant financial product which has the great potential to wipe out your investment and you never know whom to blame. Such a smart product could only be created by a Harshad Mehta or a Parekh. Sadly, we cannot even call it a legalized scam.
Undoubtedly, the world's worst performing fund in the entire history of the stock market: J M Core 11 Fund. The credit for it goes to its fund manager who had a total of 2 days and 5 hours experience before joining JMF (then a trusted and respected fund house which had created wealth for its investors. But thanks to this experienced FM D K Bose, it sank probably a billion INR thru Core 11. Just imagine: having to pick just 11 stocks with great potential and tracking their performance. My 8yr old son could do that. But Mr Bose?! No. Hard to imagine. Yet he hung on to his job and JM didnt want to sack the man. Result: many, like me, who lost their hard earned money by trusting JMF who in turn handed over this money to this mankey.
Terrorists can live in jail comfortably in jail for another 50yrs because of indian judical system.Poor Indians cannot even file a case as each police station says it is not in their juridication.Inidan Politican,Police,Press and many are available for sale hence rapists,terrorists,Drug peddlers have no probllem.
dont agree with Mr Vasudevan. I have invested in good MFs and have got decent returns as per my expectation. You need to invest judiciously and have patience.
Re: mutual fund = day time robbery
by Niketa Agarwal on Jul 21, 2011 11:26 AM
I fail to agree with you Mr. Vasudevan. There are funds which have low risk attached with them and thus offer you guaranteed returns. Your returns are dependent on the amount of risk you can take in your investment and the time horizon you carry.
Re: mutual fund = day time robbery
by jaitapurkar on Jul 18, 2011 11:00 PM
Yes very true only foolish people invest in Mutual Fund becoz agents cheat them with sweet talk and false promises and rosy picture of future. The wise investor purchase blue chip stocks like Infosys TCS Glaxo GAIL at low price and keep it for long term This is the only sure way to earn from stock markets
Re: Re: mutual fund = day time robbery
by Suhas S on Jul 19, 2011 06:58 AM
I have seen people getting good amount after long term investments, How's that then
mutual fund is day time robbery.inveested 24000 & was returned 4500/ after 3 year. this is the rereward one gets from hard earned money.most of the fund managers are real looters .so please never invest in mutual funds.
mutual fund is day time robbery.inveested 24000 & was returned 4500/ after 3 year. this is the rereward one gets from hard earned money.most of the fund managers are real looters .so please never invest in mutual funds.
