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)
Payments are even coming from those securities whom naysayers claimed are junk bonds, which we told was not the case but these #investors were being mislead by them & even now they are trying to prove their mischevious intentions. Ultimately Action Wins, not noise. (2/n) @bsindia
As far as @SEBI_India order goes we will not say much as the matter is inbetween the regulator & @FTIIndia. Both details are out in public domain already. But, the forensic audit has been across all activities of #franklintempleton which includes each & every paper. (3/n)
Pleased to see that our regulator @SEBI_India has now issued circular yesterday pertaininig to 'Potential Risk Class Matrix for debt schemes based on Interest Rate Risk & Credit Risk' with effect from Dec 1, 2021, for all the
existing & new debt schemes. (3/n) #mutualfunds
Time & again most #MFDs & FT itself letting Actual Investors of these 6 schemes know that even in times of #COVID they have accumulated more than ₹11000 crores without #monetization but still few people are having unnecessary doubts. (2)
I personally believe that if #History will be written, the #historians will focus on the solution not on the problem.
Saying Yes, to both Winding Up Consent & Active #Monetization is only & solely in the best possible move for #investors. (3)
Clarity requested in the Nomenclature of MFDs. If we can have the detailed list like FinServ, FinSol, Financial Services, Financial Distributors, InvestCare, InvestAssure etc. are Not Approved or Approved. It can work as a ready reckoner for MFDs & AMCs. @NileshShah68@amfiindia
Changes that need to be followed in all firms/ companies need more time in #COVID times. Also mid-term changes have some further issues i.e. Income Tax, GST, Bank Changes etc. Request that Last date be extended to 31/03/2021 for all including individual ARN Holders. @cafemutual
Request @SEBI_India to also consider the matter. Further, would request to have a detailed list of names that are objectionable at the time of submission of Fresh or Renewal - ARN Application or at @Camsonline be made available. @bsindia@livemint@ActusDei@latha_venkatesh