A group of people was instructed to flip a coin and predict which side it would land on. If they predicted correctly, they would advance to the next round. After a few rounds, the group had been whittled down to a small number of people. The researchers brought in reporters to interview the remaining contestants, asking them how they were so good at flipping coins. Fooled into thinking they had mastered the art of coin flipping, the remaining contestants came up with reasons how their technique was better than others’.
The same is case of MF returns. Out of 1000 MF,statistically 10 are going to give more then 15% return
Banks use your money and give u peanuts.. this is just one big gimmick.. People dont realize that until duped.. There is no guarantee for any thing. if MF was so good why do they make u sign a document that says it has a market risk... This is just big corporate fraud...
My serious advise to everybody is please never invest in any MF or ULIP. They all enjoy life at your money and do not give you any menaingful return. MFs used to give returns during period from 1996 to 2005 when the stock market was at a coninuous steep uptrend. Instead, please keep you money safe at home, locker, bank deposits, pure gold, real estate etc. If you really want to take risk, invest directly in stock market based on your own research and analysis and not on advice given by your broker etc. If you cant do so stay away.
Re: BhuktBhogi
by Kuldeep Khatau on Nov 02, 2012 03:40 AM
u forgot to mention..stay away from LIC as it makes only 6 or 7 % returns over long period of 20 to 30 years....atleast mutual funds have given 15 to 20 % returns p.a. over 15 yr returns.
Re: Re: BhuktBhogi
by Bharat on Nov 02, 2012 08:56 AM
15% to 20% - are you kidding. People should be aware of the fact that MFs do not guarantee any returns. Depends mainly on the market moves. You may be lucky if you get such returns - but no one can guarantee MF returns.
Best to go with Bank FDs, Post Office NSCs or FMPs (though these do not guarantee any returns, typically one gets around 8 to 10% return on FMPs).
Re: BhuktBhogi
by Patriot Brothers on Nov 02, 2012 09:26 AM
Munna Lal, all Govt. employees enjoy at the cost of public. See bank employees, they sit in plush AC facility at our cost but when we expect service. see their behaviour! You are made to sign at 10 places when transact to deposit(including fine prints) and sign 15 places when you take it back and you are obliged. This is the plight with every department ie. IT ST,VAT, Excise etc., and finally our elected so called netas and MPs, MLAs etc., Atleast LIC gives money in case of death, a support to family of insured. Corrupt Govt. must curtail their expenses rather than increasing cost making difficult to survive. Jai Hind.
Re: ALL THESE ARE USELESS FUNDS.....
by pandharinath prabhurajivadekar on Nov 01, 2012 11:34 AM
past performance is not guarntee of future resuklts. Both the funds are sector funds and they do well till going is good. Look at what has happened to IT funds and Energy funds. So if you are invested in these funds come out of it in time. The funds shown above are all diversified funds and you get sustained returns in diversified funds only.
Re: ALL THESE ARE USELESS FUNDS.....
by Kuldeep Khatau on Nov 02, 2012 03:44 AM
also see 10 yr and 15 yr returns of Reliance growth fund, HDFC equity and some other funds from Birla and then see what returns MF has given as compared to FD(less tax and less inflation)
