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

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)

#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

#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) 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

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

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)

We have maintained our stand since the very begining that @FTIIndia has not committed fraud, No scam, no #investment has been made in junk bonds, not committed a crime. We still stand by the same. (1/n) #franklintempleton #mutualfunds #investments #DebtFunds #DebtMutualFunds 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

A kind request in the larger interest of #investors to @SEBI_India that if possible a forensic audit of all #MutualFund #portfolios where-in #Debt #investment is there can be done. It will help them to redevelop the kind of trust each #investor had in #Debt #mutualfunds! (1/n) We believe that if this forensic audit is made mandatory in every 3 years for all #MutualFunds which has made any % of #investment in #Debt papers. It will ensure that events of past that are still ongoing will not happen. (2/n) @monikahalan @rohankaviraj @bsindia @IamMisterBond

The Fact is simple #franklintempleton has tried & is trying hard in the larger interest of #investors since day one. (1)
@bsindia @livemint @EconomicTimes @ETNOWlive @thetribunechd @DainikBhaskar @AmarUjalaNews @businessline @BloombergQuint @CNBC_Awaaz @CNBCTV18Live @NDTVProfit 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)

Name Clarity on Nomenclature for MFDs as per best of our ability & interactions with some legal experts.
MFDs still can consult legal experts for any further clarity or doubts. @cafemutual @bsindia @livemint
@wealthforum_tv @ETNOWlive @ArthmitraG @FinancialXpress (1/4) Objectionable:

1. XYZ Adviser/ Advisers
2. ABC Advisor/ Advisors
3. XYZ Financial Advisors
4. ABC Investment Advisors
5. XYZ Wealth Advisors
6. ABC Wealth Manager
7. XYZ Wealth Managers
8. ABC Financial Advisory
9. XYZ Wealth Advisory
10. ABC Investment Advisory (2/4)

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

To protect the #interest of #investors & to enhance transparency @SEBI_India has revised much awaited disclosure norms pertaining to transactions in #debt & #money market #securities by #mutualfunds. @fifaindiaorg @bsindia
@OutlookMoney #SaarthiZarooriHai #PlanZarooriHai W.e.f 1.10.2020 these disclosure details will be required in new format -

1. Name & type of security
2. Credit Ratings
3. Name of the rating agency
4. Maturity date
5. Settlement date
6. Interest accrued & yield
(2)

Request @SEBI_India to look into these 2 RIAs both offering as plans. Orowealth is even showing comparison between Savings Account vs Liquid Fund vs Amazon Save & Shop. It seems they are in direct violation of code of conduct of RIAs. @harshroongta @monikahalan @SureshSadagopan Request @aria_india to also have a look though these 2 are not members of your association but being RIAs are doing unethical practice. It is a matter of great concern for other RIAs as well. @bsindia @livemint @DainikBhaskar @CNBC_Awaaz @networkfp @cafemutual @businessline

Couple of days back office of #MutualFund house was closed in #Chandigarh as one of the employees at a senior position was tested positive for #COVID19 & also 2 of his family members. The risk is high #AMCs, #RTAs & #MFDs must take ample precautions. @amfiindia @fifaindiaorg
(1) Request all #MFDs to do all transactions in digital mode. Request @amfiindia to ensure that all those requests that are to be submitted physical some digital alter must be opted for. In the interest of #AMCs, #RTAs, #MFDs & #Investors some solution must be thought. (2)

All categories of #mutualfunds (including ETFs) would be covered under #stampduty charges for units issued in demat & non-demat form. It will cover equity, derivatives & currency trades. Stamp Duty = Direct Tax levied by the govt. u/s 3 of Indian Stamp Act, 1899. @AmarUjalaNews #StampDuty charges:

Equity (delivery) - 0.015% or ₹1,500 per crs on buy-side

#Equity (intra-day) - 0.003% or ₹300 per crs

#Futures (equity & #commodity) - 0.002% or ₹200 per crs

#Options (equity & commodity) - 0.003% or ₹300 per crs

#Currency - 0.001% or ₹10 per crs

Request @SEBI_India & @amfiindia to state AUM under Direct Mode separately along Regular Mode AUM in the factsheets. Have requested earlier too & tweet thread is annexed along for reference. @NileshShah68 @Sanjay_69 @MFBALA @klash233 @monikahalan @cafemutual @bsindia @livemint

https://twitter.com/vaid_varun/status/1141008525344169985?s=20

Few #MutualFunds are increasingly opting for an inter-scheme transfer of corporate bonds from credit risk funds to other schemes of the same AMC in order to repay #investors. (1) @bsindia @CNBCTV18Live @ETNOWlive @OutlookMoney @livemint Data from @SEBI_India shows the number of inter scheme transactions during April rose to 829, worth a total value of INR 21,815 crores from 680 transactions INR 22,453 crores in March & 419 transaction worth INR 15,577 crores in February. (2) @FinancialTimes @OutlookMoney

Corporate earnings across sectors may deteriorate in next 2-3 quarters. This would weigh on #stockmarkets & #mutualfunds. Expect subdued returns for next few months. #Investors must recall markets history & it rewards those who exercise patience & make the best of opportunities. Opportunity to deploy in #mutualfunds & create #wealth for future at attractive valuations with better margin of safety, if #investors have investible surplus & long tenure. #investing #MMFA @Sanjay_69 @NileshShah68 @iRadhikaGupta @Anand_1969 @sundeepsikka @MFBALA @fifaindiaorg

It's the issue with mind frames of people who have 'ZERO' moral & ethical standards "NOT OF" @WhatsApp, @Twitter, @tiktok_us.. Certain media houses names are missing from FIR i.e. @republic, @indiatvnews, @TimesNow, @ZeeNews, @NewsNationTV, @News18India, @aajtak, @ABPNews..

https://twitter.com/bsindia/status/1233095955341287424

#Indian citizens should understand who is polarizing by playing communal agendas, talking trash in debates, favoring agenda of a particular political party - instead of asking tough questions to the governing party, they only focus on opposition. Think Unbiasedly & Ethically !!

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.

@SEBI_India is again looking at relaxing reclassification of #mutualfunds by expanding the ambit of #mutualfund categories. Widening large & mid cap list would provide fund managers better choice in #portfolio construction & bring in more liquidity into the mid cap space. As per media reports, large cap funds may be redefined to include top 125-150 stocks. Mid cap funds could include the next 200 stocks, while the rest could be included in small cap funds. This might help in reducing polarisation currently seen in equity markets. @cafemutual