NEW MISS SELLING THREAT AND SIP REINVESTMENT

 Moreover, these investors, holder of 96% are being looted by mis-slling in the form of investments in ULIPs in the name of Mutual Funds or they are offered company - deposits in the name of higher interest and are bound to be harassed at the time of maturity thereof. SEBI has got no intention, no interesst and no plan to include these unawre persons comanding 96% potential. SEBI has got no idea or plan to make them financially literates. SEBI has made only vote - collecting decision of abolition of entry load without much difference to the existing and well informed investors, which is clear from the irrationale fees being charged by claver  and big distributors who are actually able to satisfy the needs of SEBI persons. I have read in the news papers, a ferw days back, about the arrest of a SEBI officer taking bribe of Rs.25 lacs and the news has gone un-noticed in the SEBI circles as if it was not something unusual. Now one can imagine where the SEBI persons stand and crying in the name of investors' interests. Entry load was insignificant in comparison to the chrges being deducted regularly to the extent of 2.25%, even, of total corpus which reaches to a sizeable sum, usable against the thick salaries of fund managers and the profit of the AMCs. SEBI persons are being satisfied from this side. The small distributors have no guts to charge the fees from the investors in small places and have left the business of mutual funds in small places, which if tapped could have stablised the indian market, the indian economy and country's prosperity to the greatest extent. But why should SEBI be interested in all these? What the SEBI persons are going to get from all this? Of course nothing, and therefore. they are not worried. The retail contribution in mutual funds is contineuously falling since August 2009 (abolition of entry load) and to save the face SEBI attacked ULIPs which was the area efficiently being regulated by IRDA. This act of SEBI was uncultured one in today's society. Still they are not ready to realise their guilt. This is heavily damaging the mutual funds industry in India. These were the small distributors appoaching the remote ares and making mutual funds popular in far frunge aeas at their cost of petrol consumption and personal risk as also facing the odds of winter , summer and rains and that too with a meagre amount of about 2%. Was it a huge amount in comparison to other chrges which the ivestors could not bear? Is there anybody in SEBI's A.C. chambers who can tap this 96% potential? It must be in the mind that Postal Department is rich in deposits not for the reason that it has got its branches in remote ares but it is due to the huge army of postal agents who convince the depositors for postal deposits. Now I ask who is encouraging the mis-selling?      

SEBI has ruined the Mutual Funds industry in the name of benefit to the investors. Has anybody got an idea to abolish corruption which is well institutionalised and everybody avoids to talk about it? I think none has got one. The persons thinking of abolishing it , disappear a few days later and the corrupt ones now openly discuss it shamelessly and sink more deeply in it but takes oath to abolish the corruption. In the same way SEBI persons also have got the belly and a mouth to fill it. SEBI persons have got no intention or idea to safegurd the interests of the investors. They are simply beating behind the bush and are simply doing the things as if they are going to fight the elections. SEBI have facilitated to discover numerous ways of mis-selling. You all, including SEBI , are concerned about the existing investors and those too HNIs who have themselve earned a lot by unfaire means and made this money white one in various ways. None is thinking that only 4% of the savings potential has been chnnelised in mutual funds and 96% potential is still untapped. Who will channelise this 96% to Mutual Funds channel? This 96% is in rural areas and urban areas and not of course in top ten cities of the country. SEBI and so called investors are worried about these 4% who are already well aquanted with the ways and means of investment in the market. SEBI and these so called investors lose their sight beyond these top ten cities. They are not concerned about the mutual funds industry but in their own interests. SEBI has encouraged the looting of these 96% investments which would never come to see mutual funds market with the grace of mighty SEBI. The industry has become the pray before SEBI's uncontrolled and franzied steps in the name of safeguarding investors. SEBI have got no idea, no intention and no plan for benefits of holders of this 96% potential. SEBI are pleased by inviting volatile funds of FIIs, Banks and HNIs which are sufficient to parallise Indian market at their sweet will and the SEBI persons very happy on this act of them. The investors are bound to keep their money in the Banks at low rates of interest, in the small savings schemes bearing the badge of GOVT.paying interest lesser than the rate of inflation and in the cheater finance companies attracting the small investors with unusually higher rate of returns and many of them disappear after taking huge amount of money from the investors. Is it not the looting or a sort of mis-selling? To me yes it is but for the SEBI and the so called investors, these do not fall under the definition of investors because they are not in the securuties market and, therefore, why SEBI should bother about them.