I feel sorry for not being able to spread financial awareness / financial literacy to the extent it is required.
If such big companies have a lack of good advisor/s and such a big switch decision -700 crorers- is not small, I am sure we as a community of 'client centric' financial planners, financial advisors have a long way to go and lot today.
Moving 700 crorers out of Mutual Fund into FDs for a company of this size and growth could have been managed better.
If it is backed with proper understanding and suitability and as a strategic call fine, otherwise it seems to be a decision from past experience and aberration. (atleast that is what it seems from the language)
Maybe the strategy goes wrong or the briefing went wrong.
Why would one otherwise take a call on closing and withdrawing everything from mutual funds? Mutual funds do offer debt products as well and equity is also good to have.
We need to work a lot together.
Kirtan A Shah
Sadique Neelgund 🇮🇳
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