RE:Please explain !!!!!!!!!!
by MANISH GOEL on Apr 28, 2007 07:13 PM Permalink
2.25% is entry load and not interest. Entry load is an amount which is deducted towards admin cost etc.
RE:Please explain !!!!!!!!!!
by Sandeep Singh on Apr 28, 2007 07:27 PM Permalink
no, your 1st 50 Rs gets interest for 11 months compounded; ur 2nd 50 Rs get interest for 10 months compounded and so on... also of ur 50 Rs, 2.25%, i.e. 1.25 Rs is deducted as adminstrative charges. so ur investment is taken as Rs 48.75, not 50. the interest rate has not been stated in this decription. SIP ensures a saving discipline, also it fetches an even-out interest gain if put in equity. - sandeep, aaseha@yahoo.com
RE:Please explain !!!!!!!!!!
by Sanjay Bhattacharya on Apr 28, 2007 08:10 PM Permalink
how old r yu ? sunny boy or bright girl !! then i'll explain !!! if yu r below 18 yu r excusable for not knowing what amount yu may earn on yu'r investment - entry load means they will take away 2.25% of your 600 Rs !!!
RE:Please explain !!!!!!!!!!
by Prakash Desai on Apr 29, 2007 07:05 PM Permalink
I agree with all of you. Entry load is a big nuisance in name of administrative cost. Atleast the company has well defined it at 2.25% and you KNOW what will be deducted. But more important is UNDEFINED EXIT LOAD. If it also takes away few percentage from your savings and expected earnings, then, it is likely that you will end up somewhere around return similar to a recurring deposit amount. Then, it is of no use. I will enter the scheme ONLY IF EXIT LOAD IS PREDEFINED and ONLY IF I AM ABLE TO CALCULATE, atleast, approximate in near future, say three to five years of savings. Otherwise, recurring monthly deposit MAY BE SIMILAR OPTION. And in that case, there is nothing new in the scheme.
RE:Please explain !!!!!!!!!!
by Pharma Expert on Apr 28, 2007 07:19 PM Permalink
2.25% is entry load you fool, not interest rate. Why do you not understand such fundamentals. Incidentally, 2.25% interest rate also would not result incapital amount of 672.You have got it all wrong man, quit.
RE:Please explain !!!!!!!!!!
by Satyan Kamath on Apr 28, 2007 07:49 PM Permalink
Hey beggar, get lost, if you dont have the decency to explain then you get lost, uncivilised barbarian
