News From Press Don't let the down-selling salesman lure you away from mutual fund SIPs

Don't let the down-selling salesman lure you away from mutual fund SIPs

Source: The Economic Times Nov 7, 2017

The other day, I heard about an anti-SIP mutual fund salesperson. An acquaintance said that he had just made an investment of a few lakh rupees in an equity mutual fund. When I asked how many months he had done the SIP for, he said that he hadn't made the investment through an SIP. Apparently, the salesperson, who was from the bank where my friend has an account, advised him against it. The salesperson's logic was that SIPs were only meant for situations when the market was going to perform badl ..

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2 Comments

Prashant · 6 years ago `

I have been shouting my lungs out in saying that banks are a hub of misselling and ST

Prashant · 6 years ago `

I have been shouting my lungs out to prove that banks are the biggest missellers and a hub of misselling but still SEBI and IRDAI allows and will allow them to sell. This is to benefit and to help AMCs and Insurance companies increase profits at the cost of investors and agents as well. We the agents are given bad name because of the crime we have not committed which is misselling. It is shamelessness on the part of regularors to continue allowing the malpractices. The regulators should be held accountable and punished for this alongwith the bank and the salesperson.

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