Global Investing Alert - Scam of 100 cr surfaces
Be alert and Be Aware!
Investors who invested in global stocks have lost atleast 100 cr reports Moneycontrol @moneycontrolcom
Investors who invested in global stocks using StockAl Fintech broker (global custody with DriveWealth) have it seems unauthorised access of their accounts and their global stocks sold it is alleged.... Read more here
https://t.co/ITVCMs7Htq
🇮🇳 7.8% GDP Growth 🇮🇳
For short term, avoid discretionary International Travel eg: International Destination Weddings, holidays
Avoid buying Gold as it puts strain on forex reserves
Support the Nation 🇮🇳🇮🇳
NIVA BUPA Health Insurance held GUILTY by Consumer Forum. ORDER direct them to pay claim of Rs. 66.5 lacs to cancer patient as NIVA BUPA rejected the treatment claim due to own earlier mistake
Financial services is all about building and holding TRUST
Choose Wisely!
Raheja Atlantis Worli
Pre Launch - March 2006
Actual Launch - Mid 2007 at around 18k per sq feet (on super built up) i.e. 27-28K on carpet area
Possession: Mid/end 2012
Current rates: 45k-50k per sq feet on carpet
CAGR Return: around 3%-4%
Even if carpet area rates rise here to 1,00,000 per sq feet today itself, then the return would be 7% CAGR
Online scammers are now even using names of Mutual funds to scam peopl.
And even employees of private banks are falling prey to these scams. Pls take care of your money and don't believe online claims
Mis-selling by Banks of insurance, Bonds etc- A video documentary by @1FinanceHQ
An hour long video with a single msg that Banks and their RMs are mis-selling / cheating u by selling unsuitable Insurance, Bonds, also mutual funds
And Regulators RBI @RBI, SEBI @SEBI_India and IRDAI are turning a blind eye to it?
https://t.co/3yze6LIXsI
GST implementation in India has been a very radical and progressive reform in India.
The way it has been managed and now on getting larger scale, recast again in a simpler and lower rates format is great credit to Indian govt and Indian businesses for adopting it so positively. 🙏
Seems AMFI @amfiindia has acted and stopped MF Central @MFCentral_India from sharing client data with third parties says @ActusDei . As always Neil shares the newsbreak first. 🙏
Currently Mutual Fund data was easily accessible by third parties (including but not limited to Fintechs) and this rumor that Neil has slantly alluded of Jio Blackrock MF having client data is scandalous and hopefully untrue. But this does not nullify the risk and the reality that MF client data is prone to risk of access by third parties and misuse
I had highlighted this risk to MF client data in Dec 2024 and if this report/newsbreak of Neil is correct, then AMFI seems to have acted on it. Fintechs may and will cry foul, but client data cannot be shared and then misused by Fintechs or any third party. Sharing of data even with client consent can and should only happen with strong safeguards and regulations. Currently there are none or very minimal
Mutual Fund client data has to have safeguards similar to how account aggregators and Credit Score data is subjected to. Strong guidelines that SEBI @SEBI_India and/or AMFI @amfiindia should put in place. Currently there are no such guidelines either by SEBI or AMFI.
Third parties cannot store such client data or use it for any other purpose except the stated purpose and have to purge the data (in a specified short time) even if they take it with client consent
Moneycontrol SUPER PRO
If you are an investor in the Indian markets, then this is a subscription which may aid you to invest intelligently!
Do evaluate it and subscribe if you find it worthwhile
To know what it is and what it is not you can see this video
https://t.co/Md9K2uRvM5
You can subscribe on the Moneycontrol app
https://t.co/1SbYf5OWTh
Digi Gold stolen from 435 customers by hacking Aditya Birla App as per news reports
Detailed probe on by Cyber cell based on the complaint by the company
In this there is no scam or mistake by the users. Are your digital investments covered against such fraud?
Invest Wisely!
Personal Finance Hack to reach ur Retirement goals..
If u build wealth slowly, in a disciplined way using SIPs, mutual funds - it will take you 15-20 years to reach your goal
And if you want to do it FAST thru direct stocks, derivatives, FnO etc, it will take you 30-35 years 😀
Choose Wisely!
Me: Grok, where can I find latest live PE / EPS of Nifty and other indices
GROK: Moneycontrol app
Me: Where can I find the unlisted NSE shares off market prices?
GROK: Moneycontrol. Download the latest version and access these features
With the kind low/bad customer service now seen on Amazon India @amazonIN especially for large purchases, I would now hesitate to buy anything large here
So many cases of no refunds, no return pickups, defective items not being taken back, incorrect items, incorrect botty comments
How the mighty Amazon has fallen in standards in India!
Amazon India seems to have become a fraud website in India of not doing refund
Buying large value items on Amazon @amazonIN has become a pain!
Amazon India sends defective items
They then promise a return pickup and don't pick it up
And then don't refund the money for days!
Strange to see Amazon India @amazonIN lose all its credibility completely in India!
Amazon is dying in India!
Mutual Fund / Securities KYC norms again get tweaked. Made easier now
a) Extension of KYC of NRIs to 30th April 2026
b) Email or Mobile needs to be validated if you want to transact
c) Exit Option to Existing clients will be available if their Email is not verified
KYC of financial securities markets is such a "lakkad Bagga" changing its shape and form, but never simple, never easy and never common across all financial instruments
FinMin @FinMinIndia@nsitharaman Pls help initiate a simple common KYC for all financial products