Discover and read the best of Twitter Threads about #AdvisorZarooriHai
Most recents (3)
@TheMuthootGroup will acquire IDBI #mutualfund & trustee company by end of Feb 2020, subject to regulatory approvals & other conditions being met. #Investors should have a word with #financialadvisors as #AdviceZarooriHai & #AdvisorZarooriHai. @bsindia @ETNOWlive @ValueResearch
It remains to be seen if the acquisition by MFIN brings any significant improvement in the performance of schemes. If you hold any of the schemes of IDBI #mutualfund & want @MMFA_IN views on whether to hold or sell, shoot an email at director@mmfa.in along with relevant info.
New #investors must take #financialadvisors #advice who will analyse new practices & strategies brought about by #MFIN. If the new systems & practices are in the best interest of the investors, then we may recommend. Always remember #MutualFundsSahiHai but not without an #advice.
In order to protect #policyholders #interest against unethical practices & to clear ambiguity #IRDAI is taking steps to curb mis-selling & bring in more transparency, as a policyholder make sure that one fully understand terms & conditions before purchasing #insurance policy.
A #policyholder must ensure if the policy matches his/her needs. They must read the fine print. Keep #insurance & #investment instruments separate & avoid combining the two. A #TermInsurance + #MutualFund is best combo. Remember, #AdviceZarooriHai & #AdvisorZarooriHai. @livemint
The whole purpose of taking an #insurance policy is to take care of the ‘If I die in the policy tenure’ part! Insurance is a pure #RiskManagement tool & is a must. One must be aware of the nitty-gritties of insurance policies. This is where role of a #financialadvisor comes.
Transmission of #mutualfund units of deceased #investors #investments having a lock-in period?
The Process -
In #mutualfunds #ELSS have a lock-in period of 3 yrs & some of the closed-ended schemes like FMPs have a maturity period concurrent to that of the #fund itself.
The Process -
In #mutualfunds #ELSS have a lock-in period of 3 yrs & some of the closed-ended schemes like FMPs have a maturity period concurrent to that of the #fund itself.
If an #investor who had #invested in an #ELSS passed away immediately after 6 months of #investing, during the lock-in period, actual proceeds are allowed for withdrawal only after completion of 1 year from initial date of units allotted to & not transmission date. @ArthmitraG
When an #investor #invests in FMP, units are aligned to overall tenure of the scheme at a pre-defined rate. Hence when original investor passes away, units get transmitted to the next of kin, but the actual proceeds are allowed for redemption only on/after maturity. @ArthmitraG
