It is my duty tell the concequences of Putting Money in any private Mutual funds. 1. lock in period of all the Mutual fund is 10 years and not 3 years as the agents or Company specifies. and if you want to with draw after 3 years only 50% is refunded rest go in vain, else you need to continue for 10 years and May God save the investor after 10 years. 2. It is always better to open a PPF account or a bank or post office FD and deposite all your savings for future in that, it is the safest and most secured investment.
Re: Dear Friends be aware of all So called Mutual funds
by Sandeep Daware on Jun 07, 2009 02:41 PM
Dear Dharmendra,
u have a wrong information about Mutual fund...only ELSS mutual fund have lock in peroid of 3 yrs..other don't have...u can withdraw money at any time at that time NAV rate. so don't misguide people those who are going to invese in mfs.
Re: Dear Friends be aware of all So called Mutual funds
by PresidentInWaiting on Jun 06, 2009 03:14 PM
except for ELSS, equity mutual funds do not come with a lock in period. Your post is misguiding boarders...
Forgien investors are coming in indian market and their agents r making we people fool and asking to ivest money so they can again sweep the market to minimise their loss on the hard earned money of Indian ivestors
Re: Croissing AUM
by sanjay kumar on Jun 06, 2009 02:57 PM
ULIP is only objective to get richer their own company not investors after 3 yrs u will get your half of money what u invested.
Just before the $ get a beating FII invested (& investing) heavy money In our share market. They are investing when 1 $ fetch Rs 50 and will withdraw when 1 $ will fetch Rs 38... Other then getting huge benefit from killing the share market from its peak this another small point for them to get 10 - 20 % profits.
in the past the media, or some politician, or some grass root level activists would bring these scams to light. Now the scamsters collaborate so well with the system, these scams don't get caught. Long live our democracy.
