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Urgent Help! My Telegram App Was Hacked, 24000 INR Stolen: What Should I Do?

Ramalingam

Ramalingam Kalirajan  |7201 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 21, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Gangeswari Question by Gangeswari on Nov 21, 2024Hindi
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Sir, just scan my telegram app for work and split 24000 from me through UP and buy it.They fooled me and I can buy anyone with that money

Ans: Sir, it seems you might be dealing with a possible scam. Please avoid sharing personal or financial information through unverified sources. If you've already lost money or shared sensitive details, immediately contact your bank or UPI service to block transactions. Report the incident to the Cyber Crime Cell via the National Cyber Crime Portal (cybercrime.gov.in) for further assistance. Stay cautious and verify before proceeding with any financial activity.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |7201 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 08, 2024

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I want immediately 3 crore rupees and I can give 10 lakhs per month in return upto 5 years. Any one interested please contact me
Ans: Seeking immediate access to a large sum can be a challenging endeavor. While your need for funds is understandable, it's essential to approach this with caution and explore options that align with your long-term financial well-being.

Firstly, offering monthly returns of 10 lakhs for up to 5 years is a significant commitment, and potential investors may seek clarity on the nature of the investment, risk involved, and legal documentation.

Consider engaging with a Certified Financial Planner to explore alternative solutions tailored to your specific circumstances and financial goals. They can help devise a comprehensive financial plan that addresses your liquidity needs while optimizing your investment strategy for sustainable growth.

Avoid hasty decisions that may compromise your financial stability in the long run. Instead, focus on building a diversified investment portfolio that generates steady returns over time, reducing reliance on short-term financing arrangements.

Explore options such as debt instruments, equity investments, or structured products that offer a balance between liquidity and returns. Each investment avenue carries its unique set of risks and rewards, so thorough due diligence is essential before committing funds.

Keep in mind that achieving a substantial corpus requires time and patience. While it may be tempting to seek immediate solutions, prudent financial planning involves careful consideration of various factors, including risk tolerance, investment horizon, and liquidity requirements.

Stay positive and proactive in your pursuit of financial stability. With the right guidance and a well-thought-out strategy, you can navigate challenges and achieve your monetary objectives in a sustainable manner.

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Milind

Milind Vadjikar  |741 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 03, 2024

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What happens when a Mutual Fund company shuts down / gets sold off?
Ans: Hello;

If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
The new fund house may:
1. Continue the scheme with a new name and management.

2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

In case MF company shuts down,
The fund house will:
1. Pay out investors based on the fund's last recorded Net Asset Value (NAV) and the number of units the investor holds, after deducting expenses.

2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.


Skin in the game regulation mandates that 20% salary of key mutual fund personnel and fund managers is paid in terms of units of their funds with a 3 year lock-in.

The stocks and bonds purchased by the AMC for the fund are held by a custodian, appointed by the trust that administers the fund.

The trust engages into a investment management agreement with the AMC for managing the fund as per their mandate and within regulatory guidelines.

Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
X: @mars_invest

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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