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  News Details
Good News
Bhagwati Auto Reports Good Results
No. of Trading Holidays comes down to 11
Gems and Jewellery Exports Rise 55%
Citibank Repays USD 20 bn to US Govt
November Core Sectors Growth Impressive
Bad News
Nifty May at Discount
3G Bids will Hurt Telcos
Political Instability is a worry
Inflation may Cross double digits by March
FII Investment in December may not cross October figure
  Monthly Income funds fail to deliver
  • Investors who have invested in several monthly income schemes of mutual funds have found that the payout to them in these schemes has stopped as the tough conditions in the markets impact the schemes.
  • Many who invested in the hope that they will receive a regular return are now scrambling in trying to understand as to when they will get some money coming in to them. This position has occurred because of the fact that the schemes do not have the necessary funds to pay out.
  • The reserves that the schemes have built up have been exhausted and this is the reason why the schemes have no option but to stop the payout that has to be made. There is no obligation on the fund to make regular payments but the scheme will make efforts to ensure that such payments are made.
  • Investors have to understand that the risk in the scheme is on their own account and hence they will bear the impact of a poor performance by the scheme. This is not a guaranteed product