Most of the Indians have saved their money in Fixed Deposits of Public Sector Banks though the yield was less.A tradition that was followed by a section of the society.Hence the banks were playing safe as they were GOVT owned
he may be right about the notion that india is entering (probably) into a secular bull run.....but then how many fund managers have publicly said that no dont enter now, maybe we are at brink of long term bear market....and those who have said it publicly have been castigated.
there is misconcept with investor, that reliance with hook or crook give appreciation to there holding. many investor invest in reliance as if they are investing in equity of reliance. they are named so beutifully. example. reliance natarul resourse, relainc infrastructure. This names are similiar to reliance companies. I feel sebi should seriously look into it.
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...
