Dec 26, 2011 11:27 AM
21526 Views
SBI Bank was in a boom when I started my career. Many of my colleagues told me that it is worth investiging in SBI Mutual Fund because it is a govt owned bank. I invested my hard earned 1, 00, 000/- 4 years back in two funds. After 4 years what I got is 23, 000/- and 22, 000 each(less than half of what I invested).
I had also invested 50000 in Reliance and HDFC top 200. I got almost 18, 000/- in just 2 years.
Actually when I invested I had an impression that private players are not good. But reality is other way round. I am not surprised even if fund managers are involved with brokers to make some quick money.
After all "Mutual funds are subject to market risks. Read the offer document carefully" disclaimer is there. so it is your decision you have to live with it.
Corrupt people. My piece of advice is for new investors, never ever trust govt organizations just because of their hypes. Most of them are rouges and cheaters.
