Investment by money maths P 7 JN7

Summary

The script discusses concerns about monitoring investments made through MoneyMys, a financial platform, in case of a shutdown. It clarifies that all investments are registered under the investor's name, email ID, and contact number, and can be tracked independently on the platform of the mutual fund company or the registrar's website. MoneyMys acts as a distributor, providing investment suggestions based on the investor's situation, and its absence will not impact the investments. The summary assures that investors can easily track and manage their investments without the platform's authorization.

Takeaways

• 📈 Investment through MoneyMays is being scrutinized for potential fraud as of today's date.
• 🔍 If MoneyMays' platform shuts down tomorrow, investors can monitor their investments through independent platforms.
• 📝 It's important to understand that all investments made through MoneyMays are registered under your name, with your email ID and contact number.
• 🔑 Investments made through MoneyMays can be tracked on the respective platforms of the companies you've invested in, such as mutual fund companies.
• 🛠 You can make changes, additions, or redemptions to your investments on these platforms without MoneyMays' authorization.
• 🏢 MoneyMays acts as a distributor, providing suggestions on where to invest based on your situation.
• 🌐 MoneyMays aggregates all your investment data from various companies and registrars, making it available on a single platform for easy tracking.
• 🚫 Having approval or disapproval from MoneyMays is not necessary for tracking or making transactions on your investments.
• 💡 The script emphasizes the independence of investment tracking and management from the existence of MoneyMays.
• 📊 Investors are advised to be aware that their investments are registered in their own names, ensuring personal control over investment decisions.
• 🔗 The platform provides a convenient way to track all investments without the impact of MoneyMays' presence or absence.

Q & A

What is the concern raised in the script about the investments made through MoneyMys?

The concern is about the availability of records and monitoring of investments if the MoneyMys platform shuts down in the future.

How can one track their investments if not made through MoneyMys account?

Investments can be tracked on the independent platform of the Mutual Fund Company (MF) where the investment was made.

What is the role of MoneyMys in the investment process as described in the script?

MoneyMys acts as a distributor, guiding investors on where to invest based on their situation, but does not hold the investments.

Can investors make changes to their investments without MoneyMys' authorization?

Yes, investors can make changes such as additions or redemptions to their investments without MoneyMys' authorization on the MF's independent website.

What happens if MoneyMys shuts down? Will it impact the investments made through them?

No, the investments will not be impacted as they are registered in the investor's name and can be tracked and managed on the MF's or registrar's website.

How can investors confirm that their investments are registered under their name?

Investors should ensure that all their investments are registered with their email ID and contact number, which should be the same as those registered with MoneyMys.

What is the significance of the investor's email ID and contact number in the investment process?

The email ID and contact number are crucial for tracking and managing investments, and for receiving communications from the MF.

What does 'Folios' refer to in the context of the script?

Folios refer to the individual investment accounts that investors can view and manage on the MF's website.

How can investors track their investments if they have invested through MoneyMys in a Mutual Fund?

Investors can track their investments by visiting the Mutual Fund's website using their folio number, email ID, and contact number.

What is the purpose of MoneyMys providing all the MF and registrar data on a single platform?

The purpose is to simplify the tracking of all investments for the investor, making it easy to manage and monitor across different MFs and registrars.

What assurance does the script give about the continuity of investment records even if MoneyMys ceases to operate?

The script assures that the investment records will be available and can be tracked independently of MoneyMys, without any impact on the investments.