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The readers by now might have heard about the mob in Tamilnadu are continuing their protest on Jallikattu & donot want to call off their strike inspite of Govt. promises. They say, to go back home from there, they donot trust the Govt. I am not sure which one they are reffering to. However the point I am yrying to make is, they may be right. Years back as it is printed in one of the literaure of a bank floated in Cook Island who are also promoters of Public Limited Companies in India who were one of Indias oldest money launderers promoted by some Bombay based Patels popularly known as WAll street Patels, who also floated companies like, Patel Road Ways, WAll STreet Finance, Wall street Exchange Dubai, WAll street Bank Cook Island, some Coureer Companies etc, for ease of money laundering operations all in House. these are only just a few to mention, is said to have got license issued by our Reserve Bank & SEBI to open a Bank in Cook ISland, when the whole world knew the Cook Island was declared as a rogue destination as declared by European Union. Still Indian premier Instititutions gave them license to float a bank in Cook Islasnd. Later these Patels have cheated so many investors and kept money there, however subsequently with the efforts of some NZ patriots prooved their money laundering designs & Al Qaida connections in some jain family members, the license was revoked, and from there they shifted to some other Tax Haven creating Trusts in the name of Family patriach Asgar Shakoor Patel who now lives in Mumbai & his son Riaz Asgar Patels children. Riaz Asgar Patel has taken NZ Nationalty and having so many Jurisdictions involvement of shifting money is evading the recovery by the cheated clients. Govt. Of India has been informed & we are looking forward for their arrest of these oldest criminals for recovery of our looted funds. Hope the Present Govt. will do the needful.

Hello Regulators, We appreciate this move on Mr.AB endorsing MF. But do not screw up our life by making the caption/wording conspicuous "Mutual Funds are subject to market risks. Read scheme related documents carefully". When other regulators are trying to protect their distributors, why not SEBI?

The only good thing about Indian Mutual funds is, they create a lot of employment at the Investors cost & nothing else. There will be so many institutions and individuals creating jobs for their daily bread & you as a Investor may not even get crumbs to eat. So better see something else to do with your money, than getting into un necessary anxiety and pressure & consume more medicines & increase your Drs. bills. Better put in a FD, or buy the Tax free bonds and relax. These days you get good rates with Co-operative societies and all are not bad at all. Specially those ones in the field for years, or ones with Teachers, Drs. or Engineers on board you may rely on them, but don''t go blindly ones floated by cheats and liars with big talk, make some research.

it is a wise decision and we welcome the same.

We welcome both. Thanks

Unknown Common man is the best brand endorser than anyone.

The Indian Mutual funds, can give you all sort of explanations under sun & as many words are in an Oxford dictionary & you can never win over them by discussing, You are only burning your hard earned money on telephone calls. First they will try to explain their non performance horizontally, if that fails vertically, & if that too fails diagnolly. There is never an end with justifications for failure of the funds performance in India. There are many rogue operators in India in this business who are very aggresive because the application of Rules & Laws are slack in India as well not much of random inspection by authorities. Some of the very same groups promoters are fined heavily in USA in different business. When they make a bad name in USA they try to be in the business by part selling their business to another party in India & with dfferent names, and hood wink the Indian Investor. USA is a Country abides by Laws, when it happens there, India too must track such promoters in India, so that they may not fool Indian Investors with some lucretive Insurance schemes and Mutual funds at all. Black list them totally. But then they may have a short cut, will get close to some ploiticians may be & things will go on and on.

GREAT IDEA.

Another observation i have made of some funds & fund Mangers is, When major fresh money comes in from out side they keep the fund value NAV slighly higher In short term than what you bought. because they are aware in the short term you are supposed to pay a 1% or more penalty & they can make money out of you on the all the NAV. & the investor back to square one net LOSS mostly. But as soon as such funds reach long term, no matter how much the market goes up the fund doesnot move much at all like earlier, it gets stagnated, becase when the investor gets into long term. the fund manager cannot charge penalty of 1% on NAV as buy and sell value are same un like in short term. All these tricks are well contained in this MF Industry & many may not observe. All these are well embedded in the corrupt indian system & investor is helpless and mostly looses and never makes it.

It is clear from my experience of decades, other than the MF floated by some Corporate institutions like ICICI, HDFC, SBI,etc, who are not within the remote control of the promoters may be considered, Others mostly are all mostly manipulated for the well fare of the promoters of such companies, it appears like J.M. Finance & others with specific promoters names etc. or such companies gone public but still are remotely controlled by the original promoters should never touch them at all. So all this while in the distant past the guy had some reasons to give for non performance of JM Funds, but in reality was heard as, he skimmed the money out of the funds in India, to invest in Dubai Real estate & was said Govt. was trying to get him back but none brought him back. Now he is back of his own, he blames some Andhra Politician perhaps who is no more, as i read it in one of the web articles. In India till now nothing works in MF at least past 8 years or so. All the advice''s are one thing, what happens is something else, which no course on earth can teach the adviser or investor. Folks have only lost and hardly made but have lost their life savings too. The amount is collected to boost their AUM''s. mostly only for the fund houses to make commissions in buying and selling no matter how fund performs. I decided to keep away from this crap fund business ones and for all. It does not work at all. No Regulatory can keep a watch on thousands of these funds with tens of MF Companies in India.

no

SEBI advisory board says that both the existing commission model and advisory fee based models can co exist. Viability of business model has to be noted. Most importantly, SEBI has specifically mentioned other financial regulators should participate in the change to advisory model

great idea good initiative by sebi