Dear friends,
Mutual fund industry is the one of the best choices of modern day investors.
Normally three plans are offered to you
Equity linked - High risk and high return
Balancer - Moderate risk and Return
Debt linked - Less risk and return
While explaining the performance of mutual funds, normally what the marketing executive does is
Compares NPAs at two different dates
Explains Cumulative growth
They just ignore explaining the ENTRY AND EXIT charges...
After brainwashing you....only at the time of filling the form they will tell you SIR THE ADMINISTRATION CHARGE IS ______ and only at the time of withdrawel or transfer you will come to know the exit load
Many banks use many tactful methods.......to brainwash the potential investor.
If a woman goes, she will be attended by a charming boy and if a man goes, he will be attended by a charming girl....they offer cool drinks etc.....finally a kind of moral pressure is created within the investors mind......and at the end he/she signs the investment cheque.
Dear Finance professionals
IT is our duty to inform our investor
To check the admin charges
Entry and exit restrictions and chrages
The net amount allocated for investment
The net growth in the investment.
Growth rate per annum
In what way and to what extent the market movements affect the fund's performance.
Analysing the fund -Trend of growth.
Reading the full terms and conditions......its not just signing up a mail...your are parking your money...take time and read the offer document...
SAY NO IF YOU ARE SATISFIED....NEVER DECIDE BASED ON RECOMMENDATION BY THE REPRESENDATIVE.
ALL THE BEST
CAclubindia
