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  • News From Press Mis-selling: You are on your own

    Mis-selling: You are on your own

    Source: Business Standard Sep 12, 2016

    Atypical sales pitch: Sir, we are selling an open-end mutual fund (MF) which will give tax-free returns. The scheme returned 15 per cent last year.

    Ideally, your answer should be: The only MF scheme that can give me tax-free returns is an Equity-Linked Savings Scheme (ELSS) but it has a lock-in period of three years.

    Most of us don't ask these questions and get hustled into buying something we don't know much about. Worse, sometimes, investors are sold insurance schemes as MF schemes.

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    1 Comment
    Ghanshyam · 7 years ago `
    Mis selling is a world wide phenomena... i have seen the widow has change the advisor after the death of her husband..
    The regulatory can't do any thing unless the advisor are to be taken seriously
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