Mutual Funds - BEWARE

The following points suggest the biggest scams in the Mutual Funds Market.

1. Well, The above headline itself tells you half the story. we have been raising this for the past 2-3 years .
2. Remember small-cap & midcap have fallen almost 80% before the market fell down from 12400-7500 during Corona.
3. Don’t be surprised if we hear major fund houses getting into trouble and not able to pay clients.
4. It might just be the tip of the iceberg. as per our review, mutual funds have lost almost 40% of the wealth even before the market fell from 12400 to 7500.
5. Now come large caps. large caps have fallen almost 50% in the last 1 month. it means major large-cap funds nav are down 35% from their high.
6. Almost 85000 crores of money is coming into mutual funds every month in terms of the sip.
7. These funds have been misused by fund management companies in different ways. 65% of companies have their money stuck in ILFs scam and Karvy scam.
8. ILFS scam is more than 8 lakh crore and Karvy to add to it. these actual figures have not been disclosed to avoid panic in the financial world.
9. As per undisclosed reports, Sebi and govt of India have already caught 25 fund houses breaking protocol and misusing these funds. media will not tell you this information.
10.  The bottom line is we see nifty heading towards the 16500 - 17000 zone in 8-10 months. You think mutual funds will still give you profitable returns.
11. We have 5 fund house filing for insolvency Post-July 2020. ( 2 Indian company & 3 foreign company) .
12. Moral – avoid mutual funds & exit them at all levels. you will make more money by yourself rather than mutual funds.