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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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).

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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.

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dharmanath481 wrote:

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.

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rsai01 wrote:

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.

I am also now in Masala manufacturing so a fmcg category.
People will not buy new clothes but will buy food items? Correct?

Sorry but wrong…
One of my vendor who process about 8 tons of red chillies to powder (one of the many items) has come down to his knees to just 400 kg a month.
all is a sudden a small timer like me is his largest customer.

Hope the people who have spare cash understand that the economy has contracted beyond imagination but not the stock market till the hni cat gets bored and stops playing with the rat to eat it.

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rsai01 wrote:

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).

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

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rsai01 wrote:

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.

Kind provide suggestions as my point is do the psu banks deduct their commission amount?

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dharmanath481 wrote:

I am also now in Masala manufacturing so a fmcg category.
People will not buy new clothes but will buy food items? Correct?

Sorry but wrong…
One of my vendor who process about 8 tons of red chillies to powder (one of the many items) has come down to his knees to just 400 kg a month.
all is a sudden a small timer like me is his largest customer.

Hope the people who have spare cash understand that the economy has contracted beyond imagination but not the stock market till the hni cat gets bored and stops playing with the rat to eat it.

Sir savings fixed deposits are now giving 5% return, so mf from a safe source that deducts minimal commission and returns with atkeast 7%

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tenga wrote:

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

Ask him to give that in writing on bank letter head and if there is a loss the bank will reimburse you.

Now there is no commission deduction in MFs. But the MF house will deduct from the returns of your investment and pay them directly. If it is a direct plan through the MF website the returns will be slightly higher.

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rsai01 wrote:

Ask him to give that in writing on bank letter head and if there is a loss the bank will reimburse you.

Now there is no commission deduction in MFs. But the MF house will deduct from the returns of your investment and pay them directly. If it is a direct plan through the MF website the returns will be slightly higher.

That means sab moh maya h

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tenga wrote:

That means sab moh maya h

Yeah these idiot managers only sold many retail investors (including senior citizens) the YES bank AT1 bonds saying they are as good as FDs. But now RBI scrapped AT1 bonds and has submitted an affidavit in court saying these bonds have it mentioned that they can be scrapped. Don’t trust any of these Managers, agents and whoever is involved in the product they sell you. They don’t care about your money, they only care about their targets and commission. If they say something ask them to give in writing and you will know their true colors (some might even try to give fake things in writing so beware of that too).

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rsai01 wrote:

Yeah these idiot managers only sold many retail investors (including senior citizens) the YES bank AT1 bonds saying they are as good as FDs. But now RBI scrapped AT1 bonds and has submitted an affidavit in court saying these bonds have it mentioned that they can be scrapped. Don’t trust any of these Managers, agents and whoever is involved in the product they sell you. They don’t care about your money, they only care about their targets and commission. If they say something ask them to give in writing and you will know their true colors (some might even try to give fake things in writing so beware of that too).

R u involved in mutual funds? Or did u fall in their trap?

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tenga wrote:

R u involved in mutual funds? Or did u fall in their trap?

Never fell into trap of any financial instruments because my dad was pretty informed about it so I had learnt a thing or two. Used to do MF before but from last year I actively manage it directly through stocks. For various reasons I have stopped believing in long term investment and stuff. When I feel I have got good returns I sell it (but again I have bough same companies at higher levels seeing the growth but they are very less) and look for some other beaten down stocks. I also make it a point not to invest a big chunk in any one stock even if it looks hugely lucrative. I also do a bit of trading (cash only not F&O) and I am kind of a bear person (I always tend to sell at every rise).

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