Wednesday, October 28, 2020

Case Study-My Fathers words of Wisdom-Money Approach

Approach and Attitude with/towards money is more important than how much more - Classique example

My father used to tell me,

'stock market is place for all, but what and how you approach with your money is important. Never play and speculate with money'-

This has stayed with me fore ever and this attitude and approach has helped me not only make money, but probably save more from losses

#wordsofwisdom #financialplanning #FNquote #personalfinance #investing #financialfreedom

Wednesday, October 14, 2020

Simple 3 Basic Tips to ensure right Mutual Fund buy

#simpletip #mutualfunds
How to ensure right Mutual Fund buy?

Any mutual fund scheme should match few things -

A- Investors Risk Profile with the funds risk offering

B-Investors Investment psychology with fund managers investing psychology

C-Fund Objective - Investors objective with funds objective,including holding period and returns expectation and generation

Simple and Effective. If this 3 not done probably, very high chances, the investor not being happy

Thoughts ?

#FNquote #financialplanning #cfp

Tuesday, October 13, 2020

Big change in Real Estate as Asset class? Svamitva by PM Modi

Is this going to be game changer in villages #realestate markets , and as an asset class ?

Under #SVAMITVA scheme, first ever ,ownership rights providing property cards issued yesterday.

This scheme was declared on April,'20, and 6 states have approved drone mapping.

I believe, this is going to bring customised real estate advisory at it's core and the real estate growth can be more widespread rather than limited to metros and B/C town cities

What's your view? Will #reits benefit more, due to increased demand and  awareness?
Ashwin Ramchandani
Ashish Singodia  Kirtan A Shah  Piyussh A Shah Bhavin Kothari .Rachit Vora Magicbricks

#FNquote #financialplanning #investing #personalfinance #realestatenews #cfp #assetallocation #financialfreedom #financialadviser

Saturday, October 10, 2020

Rights and Duties of Mutual Fund Investor

 A friend of mine bought a car, with that he got right to use his car, at the same time, he bought insurance for the same as he knew, it is his added responsibility with right to use the new car

When one of my client fixed up marriage for his son, immediately he called up interior designer, to renovate his house, and ensure private and new space for the to be couple.

With every right, comes responsibility.

As a mutual fund investor, their are certain rights which I believe one needs to be aware of, at the same time as a responsible investor ,certain duties also needs to be followed in the interest of self smoother wealth creation journey

 I would be addressing both together, as Rights and within that, relative responsibility and duty to make it easy for investor to understand, connect & follow

RIGHTS & DUTIES OF Mutual Fund Investor-

A-    Assess documents

Right to assess scheme related documents like

Scheme Information Document (SID),

Statement of Additional Information(SAI),

Key Information Memorandum(KIM),

Fund Fact sheets

and Addendums ,

Annual reports etc

It is duty & responsibility of every investor to go through the documents available, understand, ask questions, research, analyze and find suitable mutual fund scheme with be-fitting risk-o-meter, matching your own risk profile and ensure objective of the scheme, matches needs

No alt text provided for this image
No alt text provided for this image

B-    Right to know Fees, commissions and expenses

Expense ratio reflects many aspects, like cost of regular funds which is paid as distributor commission, once one chooses to work thru' a mutual fund distributor and other fund management charges, which has a direct impact on returns from the funds, and hence, while it is right of every investor to know the fees, expense ratio , it is also duty of every investor to read, and understand the value the mutual fund distributor brings, by choosing regular funds. This also empowers the investor to choose between investing thru' distributor or thru' direct schemes. With this fees/commission paid by the scheme to the distributor, one may also be able to judge, if the scheme is just pushed for commission only or is it rightly suggested with suitability test.SO it becomes investors responsibility to ask and ensure , if the scheme suggested is suitable and need to know what process the distributor follows to understand suitability

C-     Right to receive dividends

Every investor has right to receive dividend once declared within 30 days. At the same time, it is investors duty to inform and keep updated KYC, including address and banking details to ensure, such transfers to come on time

D-    Updates

Right to receive scheme related, Fund house related, as well as Investment related updates- again this is advisor and investors job to remain informed and do necessary changes if it does not fit at the same time it is investors duty as well, to keep the Mutual Fund house to keep updated contact details, KYC and banking details and keep reading the updates

E-     Right to have a Complaint redressal system

Every Mutual fund house, needs to ensure there is a dedicated Grievance redressal officer and mechanism and the contact details are updated on the website. To know more on how and what of complains, click here - Mutual Fund Complains- how and whom ?

At the same time, it is expected that with all the information available the investor will ensure suitability and keep track of the updated information and make changes if and whenever necessary

Happy Investing

Peaceful Investing

Happy wealth generating journey

Happy money making work for you.......

Thursday, October 08, 2020

Mutual Fund Complain - how and where to complain ?

 How much return can and will I get from XYZ Mutual Fund investment, is the first and most important question for any investor.

I was recently asked over Zee Business Mutual Fund Helpline Show – “I am disappointed by one of the major Mutual Fund house, where and how can I complain?”

Every Mutual Fund Investor, when invests, thinks with a positive thought, that her/his investments will grow and after doing research as per their understanding the investments are done

Recently, I was asked in a show the complain mechanism and process and whom and how to complain, incase of losses and not satisfied and I strongly believe, that every Investor need to be aware of this, as every Rupee invested is hard earned money

Every Investor need to be aware of rights and duties before understanding complain process. (to know it click on the link -  Rights & Duties of Mutual Fund Investor )

Herewith is the process, of course, listing it down as per my experience and understanding and with a background that there is a valid complain.

While queries, can be multiple, complaints can be and need to be amongst the listed ones as follows-

No alt text provided for this image

With this background, what should be the process?

In my experience and understanding, if the Investor is investing thru’ a Mutual Fund Distributor,

_First complain over call should go to the distributor and then in written mail, as a query and not as complain,

If not thru’ distributor, the call should go to fund house as query and their response should be followed/understood

_If you are satisfied with the response, thank them, and if some allocation or scheme needs to be change, do the changes, if as investor, you sense so

_If there is no or lukewarm response, from either the fund house in case of direct call or thru distributor, write it as query/complain over mail to Mutual fund house official INVESTOR RELATIONS OFFICER and GRIEVANCE REDRESSAL OFFICER, with cc to distributor and ask distributor to follow the same, and always keep distributor in loop

_If there is no response or the response, is not satisfactory, write back for more clarity and/or reminder to similar email ids

_Even after that, if there is no or lukewarm response, or generalized statement, then , you may utilize SCORES Platform 

( SEBI Complaint Redressal System ), provided by SEBI for complain registration for any listed entities and registered intermediaries and mutual fund is one ( Link of SCORES provided at end of article )

_A SEBI officer takes it up and the redressal happens with proper response


Even before choosing the type of complain on SCORES platform, following question is asked-

Have you lodged a complaint with the concerned intermediary / listed company for redressal of your complaint?


You can only go forward, only if it’s a YES, else, the complain does not get registered and time gets wasted

ALSO, Before starting to write a mail, keep and ensure following minimum things handy-

A_ Folio Number ( a latest or first statement would help )

B_ Registered mobile no

C_ Registered email address

D_ The sequence and record of the previous complaints and the responses with timeline

To Register your complain with SCORES Platform, you will need to signup and register for which you would require-



_CKYC Number


_Bank details ( keep cheque leaf handy)

And you can get the confirmation on registered email id.

One can also upload PDF document upto 2 MB as supporting document with the complaint on communication/s done with grievance redressal officer of the respective Mutual Fund House

One can also track complain status on the SCORES Platform.

Before registering your complain on SCORES platform, kindly ensure, there is enough efforts made on following query and complaint process with distributor and grievance redressal officer and it is well recorded, else, once you go to SCORES for registering your complain, and if you respond NO, to their question one have to go back to follow the process

Also, as investor, if you want to know which Mutual Fund house has maximum complains, you can also visit AMFI ( Association of Mutual Funds India ) AMFI-Investors Complain details

Also providing herewith link as example, on where and how, it is displayed on Mutual Fund individual website and where to search for the relevant officers. Sample-HDFC Mutual Fund Website link

I always hope that there is enough pre-investing work done, that it would never lead to any negative feelings, or negative returns or scheme not working as expected, but incase, such things happen, I believe, every investor should be aware of the query and complaints process

Happy Creating a Positive World

Happy Investing

Happy Making money work for you

Feel free, sharing any experience, of anything that I may have missed, if any

NOTE: This may or may note be the whole, as different complaints may need probably a different approach, but is good enough to be aware of


Wednesday, October 07, 2020

Zee Business Mutual Fund Helpline- When ,How often and how to Review Investments ?

When should one review Investments and what should be review strategy ?

On the verge of WORLD FINANCIAL PLANNING DAY,'20, being today , 7th October,'20, glad to respond to common investor query, yesterday on Zee Business, Mutual Fund Helpline

Really appreciate, Swati Kumari & Kirtan A Shah, for the opportunity to meet my purpose and share and empower investors, especially on this big puzzle on when and how to review investments

#FNquote #financialplanning #mutualfunnds #cfp #personalfinance #investing #cfp #financialplanner #wfpd2020