1. What are collective Investment Schemes?
CIS refers to any pooling of mon ey more than `100 crore from in vestors under any scheme or arrangement and which is not registered with market regulator Sebi.
2. How would you identify whether a scheme is genuine?
Till date,only one company Gift Collective Investment -is registered as CIS with Sebi.Since only one company is registered rest all are considered illegal CIS. Legal experts say clarity will develop gradually when Sebi's cases will be tested in the courts.
3. As an investor where can you read about CIS?
In two places -the Parliamentary Committee report on CIS and on the Sebi website.
4. What actions did Sebi take?
The regulator has banned these companies from collecting investments and directed them to refund investors.
5. Are the actions by Sebi in the interest of investors?
Investors in such schemes are generally stuck with their money ,or plot of land or a piece of art or any such promises made by these companies.However, after these orders by Sebi it is unlikely for investors to get back what was promised by the companies because there is no mechanism to ensure every investors interest.
6. What should investors do?
Investors should be careful while giving their money to any compa ny which promises attractive returns.Any person who promises more than 10 to 12% in any form of asset class should raise a flag.
7. What are some of the prominent CIS cases??
Saradha,Rose Valley, PACL, PGFL and Osian Art Fund.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
-----------------------------------------------
Posts
No comments:
Post a Comment