A client opens a pink paper in the morning..and reads
“Mid-cap funds do better than large cap funds over a 10 year period”
“PPF returns are better than the 10 year equity fund in which you invested”
“ETF and Index funds have beaten a majority of mutual funds which are actively managed”
“there are no true to labels in the mutual fund industry”.
Then he goes to meet his MF adviser…at 10 am
Client: Should I invest in Hdfc Mid Cap…what do you think?”
Ans: I am only a form procurer who gets a small trail commission sir,
C: but you can tell me in which fund to invest, right now?
A: no sir, I cannot, I can only procure the form that you want
C: OK I want to invest in a good Mid cap fund should I choose Icici, Hdfc, UTI, Birla, Franklin…
A: Sir I have all the four Offer Documents and the Key Information Memorandum…which one would you want to read?
C: No, no, I do not want to read more, I have already read the morning paper..what more?
A: Sir how will YOU decide in which fund to invest?
C: I thought I will ask you.
A: Sir good idea sir, but the regulator has separated the adviser and the person filling in the form..
C: OK Let me ask my neighbor he has been investing for a long time…
A: That you can do sir, he is not covered by our regulator
C: Only thing is he cannot hear properly…so I will have to talk to his wife..she also knows
Client calls his neighbor and asks him…and then comes back to the agent.
C: I want to invest in an MIP with 10% investment in euity.
A: Sir which MIP?
C: Any MiP with 90% in debt instruments…
A: Sir, just out of curiosity, tell me what happened.
C: Well I am 31 years of age and have another 40 years so my brother in law suggested a Mid cap scheme. However, my neighbor siad ‘debt is safer’ so i want to put this money for say another 40 years.
A: Ok sir, here are the forms…
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