Investment by money maths P 7 JN7

Money Maths

18 Jun 202401:25

Summary

TLDRThe 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.

Outlines

00:00

🤔 Investment Tracking Post-Platform Shutdown

The paragraph discusses concerns about tracking investments made through the platform 'Manie Mais' in case it shuts down. It clarifies that all investments made through the platform are not registered under 'Manie Mais' but in the investor's name. It emphasizes that every investment can be tracked on the independent platform of the Mutual Fund company or even on the investor's registered website, without needing 'Manie Mais' authorization. The paragraph assures that despite the platform's potential absence, investments can be monitored and managed independently, and 'Manie Mais' acts merely as a distributor recommending investment locations based on the investor's situation.

Mindmap

Keywords

💡Investment

Investment refers to the commitment of money or capital to an enterprise or asset with the expectation of generating income or profit. In the video's context, it is about investing through the platform 'Mani Me', and the concern is about monitoring these investments, especially if the platform shuts down. The script mentions that all investments are registered under the investor's name, email ID, and contact number, which allows them to track their investments independently.

💡Fraud

Fraud is the intentional deception to secure unfair or unlawful gain. The script warns about the prevalence of fraud in the market, suggesting that investments through 'Mani Me' may be at risk, and emphasizes the importance of ensuring that investments are made under the investor's own name to avoid such issues.

💡Platform

In the context of the video, a platform refers to a service or system that enables users to make investments. The script discusses the potential shutdown of 'Mani Me's' platform and how it would affect the investors' ability to monitor their investments, indicating the reliance on such platforms for investment management.

💡Monitor

To monitor means to watch, observe, or check for developments or changes. The script discusses how investors can monitor their investments through independent platforms or the platform of the investment itself, such as a mutual fund's website, if they have invested through 'Mani Me'.

💡Mutual Fund

A mutual fund is an investment vehicle consisting of a portfolio of stocks, bonds, or other securities, managed by a professional money manager. The script provides an example of investing in a mutual fund through 'Mani Me' and how investors can track and manage their mutual fund investments on the mutual fund's website.

💡Independent

Being independent in this context means having the ability to operate or provide services separately from other entities. The script mentions that investments made through 'Mani Me' can be tracked on independent platforms, emphasizing the importance of having control over one's investments outside of the intermediary platform.

💡Record

A record in the financial context refers to a document or an account that provides evidence of a transaction or investment. The script implies that investors should have records of their investments available, which can be tracked on independent platforms, ensuring they have proof of their financial activities.

💡Distributor

A distributor in the financial context is an entity that acts as an intermediary between the investor and the investment product. The script describes 'Mani Me' as a distributor that suggests where to invest based on the investor's situation, but the actual investment transactions are conducted independently.

💡Redemption

Redemption in finance refers to the act of selling an investment and getting the money back. The script mentions that investors can redeem their investments without the authorization of 'Mani Me', indicating the freedom investors have over their investment decisions.

💡Authorization

Authorization is the act of giving an official or legal right or power to do something. In the script, it is mentioned that certain investment actions, such as making additional contributions or redeeming investments, can be done without the need for 'Mani Me's' authorization, highlighting the autonomy of the investor.

💡Simplicity

Simplicity refers to the quality of being easy to understand or do. The script talks about 'Mani Me' providing all the data of the investor's investments and all the registrars on a single platform for simplicity, making it easy for investors to track all their investments.

Highlights

Investments made through Mani Me are fraudulent as of today's date, with many fakes in the market.

Investments are not made through Mani Me's account, so it's important to understand that all investments are registered in your name.

All investments are registered with your email ID and contact number, allowing you to track them independently on the MCS platform.

If you have invested in a mutual fund through Mani Me, you can track your entire investment portfolio on the mutual fund's website.

You can make changes to your investments, such as additional investments or redemptions, without Mani Me's authorization.

Mani Me acts as a distributor, suggesting where to invest based on your situation.

Mani Me provides all your MCS and registrar data on a single platform for easy tracking of all investments.

The presence or absence of Mani Me will not impact your investments.

Investors can track and make transactions on their investments without prior approval from Mani Me.

Mani Me aggregates all investment data, simplifying the process for investors.

Investors can independently track their investments on the MCS platform.

Investors can also track their investments on the registrar's website.

Mani Me simplifies the investment process by providing all necessary data on a single platform.

Investors are advised to monitor their investments closely, regardless of the platform used.

Mani Me's role is to facilitate investment decisions and not to control the investment process.

Investors have the freedom to manage their investments independently after the initial investment is made through Mani Me.

The platform ensures that all investment records are available for monitoring and management.

Investors are encouraged to use the MCS platform for a comprehensive view of their investment activities.