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PF money in stocks? Only after govt guarantee!


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historyrepeats
Stay Away From Mutual Fund-No variants work
by historyrepeats on Oct 16, 2010 06:21 PM

It was designed to make common men further poor by looting them.
Irrespective of where sensex zooms , Mutual Fund companies always post negative trend. Hardly any company is transparent about the dividend being paid.

If you want to redeem your NAV by sending your signed papers, their response comes that your signature has not matched and this they do with various papers received from various claimanants and it matches immediately when Index goes down.
To make it more clear , suppose
You invested Rs.25000 at a sensex touching 20000 in year 2007.
If Senxex is at again 20000 in year 2010 and you want to redeem your NAV which values Rs 25000 only by sending papers to come out of it. They claim your sign did not match. Immediately , you send again paper with signation again.
By tomorrow if Sensex is at 19800 Mutual fund companies claim that NAV now values only Rs.18000.
Net loss of Rs. 2000 in just 1 day. What is the point of investing in such Mutual Funds ? They are a big looters of 21 century. Earlier dacoits used to rob house by invading them and now they have don a new look and these decoits are Mutual Fund Cos.
They blame market sentiment to be responsible for poor interest of Retailers in Mutual Fund masquerading the real reason that they have cheated Retail investors for years ever since their inception.

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SRIDHAR RAGHUNATHARAO
PF MONEY
by SRIDHAR RAGHUNATHARAO on Oct 16, 2010 12:57 PM

The labour ministry may please address the following on TOP MOST PRIORITY
Ever since monthly pension was introduced in November 1995, a review has never been made. Because of this the pension amount under present living conditions has become very very trivial. Another striking thing in this scheme is from a chaprasi to Chairman of the company gets the same amount. When all Government Staff, Bank staff, LIC are getting an honourable amount in their evening of life, is it fair to grant a peanut amount for PF subscribers-the same amount across the board?
I recently read a report that interest rate is being hiked to 8.5% for PF subscribers and now to invest the amount in Stock Market to generate higher returns.
In the light of foregoing I sincerely request the Labour Minister, Finance Minister, Secretaries of Finance and Labour and all other concerned authorities to please accord High priority for this genuine case of PENSION REVISION for PF subscribers.
I request all Rediff readers to push this case through every media to the Central Government

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mantu kumar
PF money in stock market
by mantu kumar on Oct 16, 2010 12:35 PM

DII is selling for many months and have exhausted all shares selling at lower rate and giving oppurtunity to FII for buying at lower level they are still buying.Now shares have appreciated a lot and nobody in India has capacity to buy .So what should FII do for getting out of market.Simple solution convince some some big shot to direct PF and other public money in market so that FII get out of market and result will be that market will crash resulting in profit for FII but due to crash ,value of public money will be loss to public of few lac crore this time (on earlier occasion only few thousand crore was loss to UTI). I am surprised that just few hundred people are taking decision on behalf of 120 crore people and these decision are harming interest of so many people. for example Coal india divestment will bring 15000 crores but FII will start controling our coal resources and one day complete command over it .Resultant money will be used for lavish show like common wealth games where spending required was just few thousand crores but ultimately figure reached lakh crore and useful money spend was just few thousand crores rest was spend in a way like putting lakhs of pots on road,changing stones on pavements,buying buses for crores instead of 20-25 lakhs and many such money making oppurtunities.
Still I feel that good and honest people can bring back glory for India

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chanakya maurya
PF money should never be invested in stocks.
by chanakya maurya on Oct 15, 2010 02:36 PM

It would be a big fraud on the people contributing to the fund.

Stock is a wild animal tamed by many a manipulators seldom if ever controlled by a regulator.

The latter is often a part of the manipulation.

PF funds must get maximum protection against the predators.

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BALA R
UPA beware of another Scandal in the making.......
by BALA R on Oct 15, 2010 05:08 AM  | Hide replies

UPA must wake up and stop another scam in the making......... Perhaps Manmohan Singh will encourage this idea as he encouraged by keeping A. Raja after the scam was busted........This shows Congress is for scam....

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PRAKASH VAZIRANI
Re: UPA beware of another Scandal in the making.......
by PRAKASH VAZIRANI on Oct 15, 2010 10:55 AM
Mr. Manmohansingh is the scam master, he does not get involved in these scams directly, he does it safely through others. When the scams come to knowledge of people or the media then the Prime Minister just keeps quite and does nothing since he knows he is involved and he only has done it hence to keep mum.

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chanakya maurya
Re: Re: UPA beware of another Scandal in the making.......
by chanakya maurya on Oct 15, 2010 02:40 PM
Harshad Mehta grew when Manmohan was FM.

Now being a PM, the scam ministry falls no more under him. He would not know anything until the fund is virtually looted. Then there will that naataakbaaji of JPC and fepeecee, and new regulatory guidelines drafted.

They would however in the meantime let the horse flee !!!

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venkataramanan subramanian
GENERAL PUBLIC WAKE UP AND DEMONSTRATE
by venkataramanan subramanian on Oct 14, 2010 08:00 PM

I donot understand what these corrupt politicians are upto and what is their intensions.How can they play with the funds of the general public at large.The public should strongly protest against this moves right away failing which they will miss the bus and run from pillar to post to get their money after superannuation.

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patelanil1234@rediffmail.com
PF money in stock
by patelanil1234@rediffmail.com on Oct 14, 2010 07:45 PM

Please careful with this option. Goverment board people will be playing with innocent, hard working, ordinary people money. These people will be bribed by this dalal/wall street financial company. Then they leave govt with large sum of payments. In USA and west this was done couple years ago and see now complete disaster. Instead of this they should give option to invest in different risk mutual stock or bond fund with individual employee have option to select to take risk. ( if they lose then it is your own option - similar to USA IRA/401K plan)>>>...... be careful with this this could be complete cahos and disaster.
Good luck 5 trillion rupees.

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