PSU BANK direct sip
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Which PSU bank will offer the safest investment in SIP and other funds?
I have heard that Canara Bank is good, what about PNB SBI BOB
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Supose a bank manager says we have this dead fund where tgere is no chance of losing your capital evwn if the returns may be less
Stay away from every form of SIP in MF or share market. The HNI vultures will mop it all up before you know it.
Very difficult times ahead you might not get your money back in time or severely erode your investments while encashing (of course there is MF penalty for premature withdrawal too).
just withdraw cash for 1 month needs.
Firstly stop trust your PSU banks and LIC.
these govt servants and politicians in power have done a massive mess and trying to cover up their incompetency.
All avenues to expose them are blocked out. You only can know it if you know the people on the ground not the Idot box.
Just as an example, big money with access to brokers who let them sell yes bank FPO shares on thursday and friday made big money (some small retailers aware of this did too but that’s less). Most retailers using online trading platforms never had such an option and they made no money. Now SEBI wants to investigate this but this loop hole was discussed by someone during FPOs of some PSU (but then it didn’t matter because all was well with those PSUs).
Again FD rates are at all time lows, cant trust company FDs and there are no other avenues for investment for people. So the only choice they are shows in MFs, Insurance (I don’t know when people will realise Insurance policies are not invesment). Stock market is totally aloof of country’s economy (even discounting 6 months). MFs inflow were still good as people (read somewhere that it increased in tier2 and tier 3 cities) wanted to get good returns.
Just ride the tide and don’t forget the stop loss (if there is a bubble it might be hard). Losing 5k is always better than losing 50k (your mind always refutes it so be hard on urself). Don’t follow the averaging nonsense of bad stocks, shit will shit at all prices.
SIP in mutual funds has nothing to do with banks. In fact it is better to start an SIP directly with fund houses (or few other platforms which offer direct investment plan).