I have been receiving calls & SMSs for investments in MF schemes with whopping returns. When I ask them to give brochures or links for their websites for their schemes, I am told that there are none available, and, insist on clarifying things themselves over phone.
One example is, invest 20k per annum for 3 years and get a return of 120k after 3 years! That is actually a 39% p.a. cumulative return. Some even say, these are assured returns! I am sure our members know what this value is! The agents also say that the markets have come down so much, and, it will not go down much and expected to move up giving this whopping returns possible. BEWARE!
One example is, invest 20k per annum for 3 years and get a return of 120k after 3 years! That is actually a 39% p.a. cumulative return. Some even say, these are assured returns! I am sure our members know what this value is! The agents also say that the markets have come down so much, and, it will not go down much and expected to move up giving this whopping returns possible. BEWARE!