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What is difference between IMS and Mutual Funds?
Preciously, the IMS and Mutual Funds vary in all aspects except one similarity that is the investment decisions and stock selections are made by the fund manager. IMS provides more personalized services and customized portfolio solutions. IMS avails wider diversification than Mutual Funds do. There lies a wide difference in terms of revenue and cost structure for both the financial products.
Concluding, if you have ample money but don’t have time to manage your funds than the preferred choice is IMS or Financial Advisor.
Why not take up ETF in spite of investing into gold derivatives or other commodity?
One can invest in gold, either by investing into direct Gold Derivatives or take up a Gold ETF. But there lay many concerns associated with Gold ETFs, as:-
• These are taxed as “collectibles”.
• High fees structure.
• Involve Market risk exposed to host company risks.
Further even, ETF can instantly create portfolio reallocation in one place, fund may end up costing more than expected, in both taxes and management fees on the back end.
Is the company working on individual basis or just under K R Choksey?
Myriad Capital is the subsidiary of K R Choksey. The company is individually registered on SEBI and has an individual stand in the market.
What is the relation between equity and commodity?
Equity and Commodity have an inverse relationship. More in, If the Equity market shows a downfall than on the other side there is a rise in the commodity market.
Would I be able to check what are the investment decisions being taken in my portfolio?
Yes. There is total transparency maintained in the client’s portfolio. The client is provided with online back-office access and an online portfolio tracker to monitor the investments made and the decisions being taken in his portfolio.
What is the process of generating such high yield returns that even banks, mutual fund, insurance plans and other financial services also don’t come up with?
The investments made are not allocated in just one asset class but in different asset classes to diversify the risks. The different asset classes to diversify are; equity, commodity, precious metals, debt and strategic decisions. Further, the investments in these instruments are made considering the relation amongst them. There is a dedicated Fund Manager for each and every client who keeps the track of client’s portfolio.
I already have a Demat account with other company, can I just open a trading account and trade with your company?
To trade with the company, one is required to open another Demat account with our company. The reason besides the term being, Demat account is required for the smooth process of pay-ins and pay-outs. If a person has already got Demat account with some other company and just want to have a trading account with our company than surely he would be able to trade but there would be problems in the procedure for the pay-ins and pay-outs. Even a short delay in the procedure may incur immense losses.
From when can I start withdrawing the returns being generated on the investment?
.One can withdraw the returns either quarterly, semi-annually or annually. Except the first withdrawal in every situation, could be made only after six months. Considering, if a client chooses to withdraw his returns on a quarterly basis than the first withdrawal could be made after six months and further withdrawals can be made every quarter.
On getting into IMS agreement, if after a year or so, I have to withdraw the principal amount, than are there any charges or liability on me?
Withdrawal of the principal amount in between the continuation period of the agreement is termed to be the breach of agreement. If in any situation it happens, than the client is paid of the amount accumulated or depreciated in the preceding month. The company would be deducting 5% of the amount. In any such case, company is not liable to abide by the agreement quotes, even in case if the value of the capital depreciates, the company would be paying the same and not guaranteeing the assured returns.
What is the main source of revenue for the company, if not brokerage?
. Myriad Capital is a research house-cum-capital management company. The main motto of the company is not the generation of hefty brokerage. Brokerage is one of the company’s product segments. Besides brokerage company provides in:-
• Capital Management
• Investment Advisory
• Real Estate Services
• Finance and Loans
• Infrastructure Units
How long it takes to open a DEMAT account?
Once the documentation procedure has been complete, the process of opening a DEMAT account takes 4 working days, to be fully operational.
What are the tax benefits I get on taking up an IMS?
In IMS the investment is made with a long term purpose and not short-term gains. Therefore, there are no short-term capital gains but only long-term capital gains, which are tax exempted.
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