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Varun Vaid (वरुण वैद | ਵਰੁਣ ਵੈਦ | ورون وید) Profile picture
@vaid_varun
Sep 5, 2020 • 3 tweets • 3 min read • Read on X
Kindly FIX the OTP issue at the earliest, @TheOfficialSBI as from past 2 days, NO OTP is coming on registered Mobile Number on Multiple Accounts, Not just on one specific account. Thought that today the glitch is gone but its 'Status Quo'. @AmarUjalaNews @thetribunechd @ndtv
By virtue of this, the money is blocked, one can't pay bills, transfer funds etc. via Net Banking as #OTP won't be received by account holders. 3 days already gone, what will it take to fix the glitch @TheOfficialSBI
@bsindia @FinMinIndia @PTI_News @BloombergQuint @HWNewsEnglish
Just now it seems issue has been resolved. Thanks @TheOfficialSBI & make sure that such a delay is not their during updation process.

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More from @vaid_varun

Varun Vaid (वरुण वैद | ਵਰੁਣ ਵੈਦ | ورون وید) Profile picture
Mar 6, 2023
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)
Read 4 tweets
Varun Vaid (वरुण वैद | ਵਰੁਣ ਵੈਦ | ورون وید) Profile picture
Feb 28, 2023
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)
Read 6 tweets
Varun Vaid (वरुण वैद | ਵਰੁਣ ਵੈਦ | ورون وید) Profile picture
May 13, 2022
#Inflation will always be one of the prime reason of making #investments in #Equities. Rest depends up on #investors behavior, asset allocation & the #goals. Focus on 'Real Return' not marketing gimmicks. #SaarthiZarooriHai
& #PlanZarooriHai with #MasterMindFinnAsset (1/n)
#Investment decisions contribute in a big way to inflation-proofing your #mutualfund portfolio. Frequent churning, performance chasing & exiting at the first sign of volatility lead to sub-optimal gains. (2/n) #MutualFundsSahiHai #investing #investors #StockMarketIndia
Avoid making impulsive #investing decisions based on predicted short-term changes in the #economy. Make sure any strategies you use to hedge against #inflation align with your overall #FinancialFreedom plan & assists to meet your #financial #goals. (3/n) #goalsetting #investing
Read 6 tweets
Varun Vaid (वरुण वैद | ਵਰੁਣ ਵੈਦ | ورون وید) Profile picture
May 9, 2022
#Investors should avoid knee-jerk reaction as the investigation is still underway & @AxisMutualFund has already sacked the concerned officials from their responsibilities.

Impacted #mutualfund schemes (image enclosed) haven't been recommended by us at #MasterMindFinnAsset (1/n) Image
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)
Read 8 tweets
Varun Vaid (वरुण वैद | ਵਰੁਣ ਵੈਦ | ورون وید) Profile picture
Nov 25, 2021
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'

One should not speak or #invest blindly in crypto already 3 crypto scams have happened, wherein people lost 'Real #Money' at the 'Cost of Virtual Money'
(2/n) @OutlookMoney @ETNOWlive @monikahalan @livemint @ActusDei
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
Read 6 tweets
Varun Vaid (वरुण वैद | ਵਰੁਣ ਵੈਦ | ورون وید) Profile picture
Sep 25, 2021
One would never plant an oak tree ... just to dig it up once a quarter to see how the roots are. When it compounds ... let it compound & the same is true in #MutualFunds. (1/n) @MFSahiHai @NileshShah68 @MFBALA @mohanty_swarup @iRadhikaGupta @fifaindiaorg @bsindia @ETMutualFunds
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)
Read 6 tweets

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