There have been many bankruptcies of brokerage firms and people have lost a lot of money. The biggest scam of the year of 2019/20 must have been Karvy at Rs. 5000 crores – but others like Anugrah at Rs. 1000 crores were not small either. I am not getting into how people lost money, but […]

For those who are seeing just this part, please see part 1 (the problem), part 2 (the solution and the explanation given by X -the Amc) and then come here (the client’s epic response). A is the name of the Investor, and X is the name of the Asset Management Company. Read on… X’s response […]

Since I published Mr. A’s summary of what happened, I thought it was just fair to let the Mutual Fund house to give its side of the story. I seriously wish they had given a better reply, but they have given some reply. I am not judging the reply, nor am I commenting on its […]

There are a few important questions to ask BEFORE you accept your Relationship Manager’s (or Advisor’s) suggestion to invest in a mutual fund or life insurance policy: Is the person selling you this product qualified, and licensed to sell this product – and when was the license first obtained. Even for a minute I am […]

This is the experience of a big, well informed, articulate, tech savvy investor. Now imagine if a 78 year old investor with poor communication skills went to a Mutual fund (sahi hai) to redeem his units and he was told “your units are pledged, go take a walk” – what would have he done? Read […]

Last week Sensex fell by 1939 points – one of the biggest falls in absolute terms, but under 4% – that is a big number, but not the biggest fall. When you think in percentage terms, this is really not much. Last week Sensex fell by 1939 points – one of the biggest falls in […]

Prashant Mahesh is a Journalist with about 2 decades experience and has a good grip on the Mutual fund industry. He said “One big advantage of a mutual fund is that for Rs 5000 also you get a 25 year plus experienced fund manager (Sankaran Naren, Prashant Jain, Anand Radhakrishnan, Mahesh Patil and many more […]