Sunday, August 16, 2009

Direct Investments can be injurious to your Wealth

Direct Investments can be injurious to your Wealth
It is a time of specializations. You will find specialists, super specialists in almost all fields, but the question here is, how many of us actually avail their services. To quote an instance, let us consider the case of medicines in India, in most part of our great nation, you will find majority of Indians relying on self treatment, thus self medication. To worsen the situation further, pharmacists supply these required medicines on demand in order to boost their sales and even prescribe more to clinch furhter sales. And in the presence of relaxing pharma law agencies, this practice is going on. No doubt, most of the patients are getting timely relief as well, without realizing that this timely relief may turn out to be a night mare for the days to come.

Here, read an old joke. One young lad was driving a Hero Honda motorbike on one highway on high speed. He crossed one passing truck twice and asked the truck driver with a pastering smile, "Have your ever driven Hero Honda". Later the truck driver found the young lad lying crashed on Highway. He stopped his Truck and came near asking the boy, you were asking me about my driving, now what happened. The poor boy replied that I was seeking your guidance about how to apply the breaks.
This piece of humor is enough to illustrate the fact, if you do not know applying breaks, do not drive. So refrain from self medication and do not seek advice from quack doctors.

When, we fall sick, we refer the Doctors. When, our vehicle break down, we go to mechanics. For pursuing education, we go to schools and colleges. And the list never ends. So on. Then, why to experiment with your hard earned money?

The First reason to invest in Mutual Funds is to benefit from the expertise of Fund Managers. Capable and trust worthy fund managers are engaged by the Asset Management Companies and so your investments will be managed under experienced hands. And if this is not enough; do not neglect the role of advisors, good advisors are like your neighborhood family doctors, who will keep you informed about fund managers as per your requirements, various investment avenues, type of fund, time horizons, asset allocation and other factors, crucial for your investments. Your advisor knows you, your family, your earning, your risk tolerance, emphasizing in a sense he cares for you.

Believing in fund house or fund is secondary; first believe in your Advisors. Avail his services in selecting funds, servicing of your investments, continuous updates about status of your funds and so on. For a mere of 2-3 % charge you pay him as a fee, you can capitalize on his suggestions which in turn would be worth fortunes.

It is imperative to understand, there is no free lunch. Benefit from the services of your distributors/advisors to secure your investment for the sake of your investments. Directly choosing funds and investing without a thought can be fatal for your investments. Mind this. Act before its too late.

Monday, August 10, 2009

Visit our India Mart Web Link

For Any Product Requirement Please Visit our India Mart Weblink or contact on below details:

Contact Details
Company Name:
Riddhi-Siddhis Fast Tracker Financial Investment & Consultancies
Contact Person:
Mr. Jinendra Kumar Porwal
Riddhi-Siddhis Estate, 1, Gokul Nagar Commercial, Near Bohra Ganesh Ji Temple,Udaipur, Udaipur, Rajasthan - 313001 (India)

Tuesday, August 4, 2009

Reliance Money Complaints - Money missing from the account

Reliance Money
Posted: 2008-10-12 by Pavan Send email

Money missing from the account
Hi All,

I am using Reliance Trading account from last one year.It has hell lot of problem I think no other broker service in India has that many problems.

But the biggest problem is money will be missing from the account.The customer care people not at all bothereed atlease they are unable to understand what we are saying.

I have transferred around 15, 000/- Rs from my HDFC saving account to Reliance money. Couple of days I have bought some share of around 12, 000 at the end if I calculate the total money 652/- Rs are missing.

No body knows where that money went.I tired of calling to customer card they are really use less people.
I have faced this problem lot of times.After the calling the customer care around one week they will deposit my money back.

From my experience I have observed that these people are doing all these thing intentionally.If the services are poor we can understand but their intension itself wrong.

Friends, Please be careful with reliance money...They are real corporate cheaters.

Any one has the idea how to register the case against these people ?



Beware of RelianceMoney

I have been using Reliancemoney for the last 4-5 months and the experience is less than satisfactory. I have been using indiabulls prior to switching over to Reliancemoney for access to BSE & IPOs aswell and now i would rate indiabulls much much better than RelianceMoney,specially in terms of the website functions & user friendliness,transperant & simplified billing methods.
Among the issues which are to be noted in RelianceMoney are - (a) Charging Rs 12 + taxes on each scrip ordered on phone or thru e-kiosks.(b)Charging of Rs 12 + taxes on each scrip sold on any single day thru net.If the order is placed thru phone, the transaction charge is Rs 12 + 12 + taxes for each scrip ordered to be sold thru phone.This clause was not mentioned anywhere before (other than an incomplete/unclear explanation in welcome kit).The first time i got to know it is when i got the statement at the end of the month.Even if you sell a single small value share of say Rs 9/-,instead of getting money,you would end up paying money of Rs 9-12-12 - taxes i.e. -27 rupees for selling that share on phone.(c)The helpline number has never been picked up till date while i tried during trading hours...must have tried atleast 15 days till date. (d) The "My Portfolio" option in the site never opens and even if it opens ,it displays all baseless values,like a stock costing Rs 30 in market is displayed at Rs 90. (e)The "Inbox" function has never operated till date.(f)The amount debited from my trading amount dont match with the balance i should be having after paying all the transaction charges, brokerages,etc, as mentioned in the statements.(g)Disappearing of account balance details at the end of each trading session to reappear in the next trading session.....and than find difference in amount balance between the previous day and the next day (After considering brokerages/transaction fees/taxes).
I may be switching over back to indiabulls the experience in last 4-5months is not good enough.
- Chetan Joshi (Surat)

Reliance Money Complaints - Unethical rs 15 / each trade brokerage charges by reliance money

Reliance Money
Posted: 2009-07-29 by Ashish Bordiya

Unethical rs 15 / each trade brokerage charges by reliance money
Unethical rs 15 / each trade brokerage charges by reliance money

I my self Ashish Bordiya do on line share trade by Reliance Money Plat form.

My point is that if online share trade generates thousands of crores turn over in a single day then it has to be clear & secure by Online operators (Brokers) other wise its just like an online gamble which is worst then a casino gamble because in casino gamble you know why you have lost the money. But in online trade you won’t know why you have lost the money when broker creates some thing unusual by showing their un usual legal boundaries & suck the crores (Very Huge) of amount of money in 2 / 3 days times form consumers pocket & SEBI or else were sleeping to wait for an another events like “Sataym”.

(a) What BSE Says for online trades

"The Bombay Stock Exchange Limited is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-Laws of The Bombay Stock Exchange Limited, SEBI Act or any other laws in force from time to time. The Bombay Stock Exchange Limited is not answerable, responsible or liable for any information on this website or for any services rendered by us, our employees and our servants."

(b) What Reliance Money Says for online trades

Although Reliance Securities Limited tries to ensure that all information and materials, whether in relation to the products, services, facilities, offerings or otherwise (hereinafter "Information") provided as part of this website is correct at the time of inclusion on the web site, it does not guarantee the accuracy of the Information. Reliance Securities makes no representations or warranties as to the completeness or adequacy or accuracy of Information and expressly disclaims liability for any errors or omissions or delays in updating this information.

According to them they can launch products for trading like limit cards(1 moth to 1 year limit) & collect crores of amount then before expiry of these product with ought giving any advance information’s they introduce another brokerage plan & and make limit card plan use less by charging rs 15 per executive trade, they stars to charge rs 15 per executive 20/07/09 and announcing about this on 23/07/09 on their web site that moment they sucked crores (very huge) of amount from customers pockets by the name of rs 15/- each trade & limit card

And clients are calling, mailing again & aging but they are not giving any response.

Means they can make any rules & regulations by their own any time they feel that they need money “example” -: 200 crore they can change the plan or else quite normally to gain the same.

Sebi or Indian judicial system sleeps to see all these kinds of bluff with their consumers
If any responsible person of sebi or Indian judicial system will just search over the internet they can find thousands of complain against online brokers.

Is it a chit fund organization or an organization of mr. jadeja which is declaring they are no liable for anything

I want to know what consumer protection act does for above mentions situations

(a) Is that they can revert back the amount to the consumers from the faulty company?

(b) How may days it will take?

(c) Is there any online plat form to get back the money?

(d)How much penalty it can provide to consumer (10 times or 20 times or more then of actual amount) why huge penalty is needed? answer if penalty will be on actual basis then no body can control these kinds of situations company appointed is legal adviser who is getting salary for these issues then actual basis solution will be the write choice for them. And 100 out of 2 persons will get hedge to get back their money and problem wont be solved

(e)If same case of a person solved then this will be applied on every suffering consumer?

If sebi, Indian Judicial System, Consumer Protection Act won’t stop these kinds of unethical
Practices permanently then stop online trading