Please send your views on this advt:-
1. We eliminate Distributors Commission going directly to investors ?????????
- Can any check the expense ratio of their fund
- Are these funds under top 10 on performance
2. We did not launch numerous schemes to please distributors.?????
- Joke of the Millennium
What is the action we can take on this issue.
Please guide us by reply email.
Ramesh Bhat
IFA Galaxy
-------- Forwarded message ----------
From: Shiva prasad Konduru <shiva_konduru@yahoo.com>
Date: Mon, Feb 21, 2011 at 12:05 PM
Subject: Today AD in Bussiness Line at front page (forgot 1st message)
ifa galaxy <ifagalaxy@googlegroups.com>,
From: Shiva prasad Konduru <shiva_konduru@yahoo.com>
Date: Mon, Feb 21, 2011 at 12:05 PM
Subject: Today AD in Bussiness Line at front page (forgot 1st message)
ifa galaxy <ifagalaxy@googlegroups.com>,
Dear Sir, Please see the attached advertise ment given by Quantaum Mutual fund today all leading Bussiness Papers it showing and pointing finger against all distributors and AMCs and all other AMFI members AMFI should act like this type of advertisements Quantum Mutual fund done any investor awareness programmes must think about this ad please for ward this mail to all AMCs and country heads of sales SHIVA PRASAD KONDURU ARN-47847 INDEPENDENT FINANCIAL ADVISOR MOBILE NOs: 09849843270, 09030583337 |
9 comments:
Received from Mr. Padmanabhan, CFP
Dear Sir,
Good day!
I searched and found the following details from Value Research
Quantum Tax Saving 2.47 Crores as on 31st Dec 2010
Quantum Long Term Equity 61.76 Crores as on 31st Dec 2010
Quantum Equity FoF 1.73 Crores as on 31st Dec 2010
Quantum Index Fund 1.43 Crores as on 31st Dec 2010
Quantum Gold Fund 25.63 Crores as on 31st Dec 2010
Quantum Liquid Fund` 25.42 Crores as on 31st Dec 2010
The total fund size (including all the funds) is less than 120 crore, it is
as good as a big equity distributor (Individual) portfolio.
Their performance is good, no question on that.
Nowadays, all the fund house chosen the greenary path and not sending the
first Statement of account also. Distributor is the one who takes care of
all the services, believe me I don't know where is their office in chennai
if at all something is there.
Any Big Distributor if they want to run like this, they can run.
When the MF penetration is less than 5%, distributor needs to educate and
handhold them till they get familiar about this. In case of any need who
will come and talk? This is the small noise and nobody (hardly anybody) will
notices and asked this fund. Let them spend their money and they will not
get any business even for their cost of spedning the advertisement.
Why investors are paying to the distributor, because of the value addition
they get and they are able to access at any point of time.
We should worry only people who are level playing, they are not at all
eligible for AMC itself.
with best regards
B. Padmanaban
Dear All,
According to SEBI regulations no entry load than how this company
says commission passed to investors. Is this company allot more units than
the investment.
Regards,
Ravinder Konda,
ARN-9283.
Mr.Venkatesh from Trivandrum
Send off gift to the most respected person mr bhave. they are an AMC which probably will not pay salaries to employees. they are into charity. we will request the commissioner of income tax to make investments in the AMC eligibile for SEC 80 G deduction.
SnapShot
Short-term Performance
Long-term Performance
Portfolio
Risk & Volatility
Investment Details
NAV Details
Fund Name Launch Date Category
Rating
Risk Grade
Return Grade
1 Year
Return Expense
Ratio
Quantum Equity FoF 2009-07Jul-2009 Equity: Multi Cap 0Unrated -- -- 13.84 0.75
Quantum Gold 2008-02Feb-2008 Gold: Funds 0Unrated -- -- 21.76 1.00
Quantum Index 2008-06Jun-2008 Equity: Large Cap 0Unrated -- -- 14.35 0.50
Quantum Liquid 2006-04Apr-2006 Debt: Liquid 3 Star Avg. Avg. 6.24 0.45
Quantum Long Term Equity 2006-02Feb-2006 Equity: Multi Cap 5 Star Below Avg. High 20.94 1.50
Quantum Tax Saving 2008-12Dec-2008 Equity: Tax Planning 0Unrated -- -- 19.76 1.50
One day they (Quantum AMC) will come for empaneling distributors. At that time we must avoid them
Regards.
Ravi.M - Salem
Dear Ramesh,
Recently I have got a few calls from my clients saying that they wanted to invest in this fund.
I understand the reason, now…their advts... J
Few thoughts…
Their long term equity fund around 60 crores aum is on top quartile performance with 1.50 expense ratio which is good.
But as we need to compare apple to apples…
This fund is a glorified PMS by a stock broker…it cannot match the analysis and risk process of a well managed 1000 crores plus mutual fund…
Best regards,
Babu
Bangalore
This advertisememt has appeared in various dailies yesterday.
Their equity fund is amongst the top performing one.
When I last saw their expense ratio was 1.56%.
It is better to ignore them. Why make them important?
If they walk the talk, they should not be running Personalfn and earning distributory commission.
Regards
Muthu
D.Muthukrishnan
Certified Financial Planner CM(CFPCM)
Personal Financial Advisor
Mobile: +91-98404-03431
Email: muthu@wisewealthadvisors.com
Dear Friends,
Quality only matters not quantum, and do not bother the empty drum mf [quantam mf],
inshah allah we much superior,
owners pride [IFA] neighborer envy,
with best regards as united we win,
yours truly,
P.Krishnan
ARN-1620
total AUM as on 31/12/2010 is 118.45 crores. source is valueresearchonline.
if the AMC had actually gone with distribution am sure the aum will be atleast few thousand crores. what can one do if someone is bent up on going against basic business dynamics.?
am also against unreasonable payouts but 2.25% was fair . POST office savings let the Govt say the commission is very high lets see the impact. the business will come down by 98% . why? let investors go to post office and start handling things. my close friend from New Jersey had to spend 5 months in Trivandrum since his father had put FDs in PO . he had done it in multiple POs. my friend lost interest despite the amount being 15 lacs.
what was his loss of revenue? 5 months pay on an average 10000 USD a month. 50 grand.
investors have to look at the larger picture and stop going for free products. NOTHING in this world is free with the exception of parental love.
--
Best Regards
Venkateswaran M
Pisces Investment Solutions,
2 B, Kenton Towers,
Above HDFC Bank Branch,
Vazhuthcaud ,
Trivandrum -695014
ph-91 471 2336536
mobile-91 9847060869
mobile -91 9895991602
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