Liquid #mutualfunds generated 6.32% returns in Jan - Dec, 2019 & 4.74% returns for ongoing FY 2019-2020.
@quantmutual & @FTIIndia funds have managed to outperform the benchmark index. For long tenure of 2 & 3 years, all schemes have beaten the benchmark & category avg. returns.
To reiterate, liquid funds are not risk free. Keep in mind that when you approach for #mutualfunds, returns should be secondary. Therefore, do not go after #LiquidFund that has a high credit risk exposure. Do not #invest solely based on past returns.
#Invest in a way that ensures hard-earned money is prudently parked in safe & liquid instruments & #mutualfund has managed well to earn a slightly better return than the money in a savings bank account (but not extra-ordinary returns). #SaarthiZarooriHai@cafemutual@fifaindiaorg
Recent circular issued by @SEBI_India issued to @amfiindia & directed the AMCs & MFDs to comply. Being a MFD we all surely will. It further states that we cannot print/ post/ type future returns based on assumptions & projections for which disclaimer was being used (1/n)
Not challenging the decision made but what if the #investor asks that how much is expected returns - What should we say kindly enlighten the MFDs? In case of stocks upsides are always projected by way of Target & this must stop as its misleading. (2/n) @MFSahiHai
Those who distribute #mutualfunds & promote it by misusing the code of conduct in any way stern action is always taken & should always be taken. Professionally we are perfectly in favor of it. Rules & regulations must be abided. (3/n)
To do any kind of modification in KYC records, there is no digital process as on today. Investor or MFD has to do the needful via physical application only. Would request @amfiindia @MFBALA@SEBI_India to make this process digital in the interest of #investors (1/n) @MFSahiHai
- Propose that Video KYC can be like the Banks are doing while applying for Credit Cards or Loans. Dedicated executives can assist #investors for RIs/ NRIs. IPV would be more real-time.
- Propose that Aadhaar Based KYC Validation be made quicker by virtue of OTP @amfiindia (2/n)
- Propose a dedicated link that can be provided to MFDs to ease the load on KRAs by Aadhaar based OTP Validation in order to save the transaction time.
- Propose that a common pool be created among all KRAs so that data can be fetched on real-time basis. @amfiindia (3/n)
#Investors should avoid knee-jerk reaction as the investigation is still underway & @AxisMutualFund has already sacked the concerned officials from their responsibilities.
Extent of notional losses that may have occurred to the #investors in these schemes can only be estimated after the probe. Investors may have to wait for further action, disclosures & announcements from the fund house & the regulator around this matter.(2/n) #axismutualfund
Unfortunately @AxisMutualFund is witnessing knee-jerk reaction of #investors via redemptions or stoppage of SIPs/ STPs. Focus of facts not rumors about the management. Such rumors have been there from past 2 years for @FTIIndia as well. (3/n)
A #finance professional must sell products which have strong foundation not because of high returns. Though on high return & risk basis #crypto can be considered may be 2% to 5% money of #portfolio which one is fine to take the chance or gamble. (1/n) #cryptocurrency#CryptoNews
#Crypto is, was & will always be 'A Zero Foundation Product'
If one is so bullish on #Crypto, one can recommend his or her clients to a greater extent instead of preaching a lot on crypto. Too much of crypto debate is not right as in our country its neither legal or illegal as on today. (3/n) @cafemutual@kaul_vivek@latha_venkatesh
Oaktree roots grow from an acorn to a taproot system, similary #wealth is created via #MutualFunds. Primary root would grow horizontally into the soil. Later on, would transform into an extensive root system alongside maturation of the plant i.e. Magic of Compounding (2/n)
Only 1 in 10,000 acorns grow up to be an oak tree, and the same is true for #mutualfund#investors - only 1 out of many stay put to see the magic of compounding. One of such living legend is @Raamdeo (Mr. Raamdeo Agarwal - Chairman & Co-Founder @MotilalOswalLtd) 👇 (3/n)