How do I close my Fundindia account?

How do I close my Fundindia account?

Yes, you can. Please do write to us at [email protected] and we will instantly inform our technology team to remove the additional account, post the removal both the accounts will act as individual accounts and no longer joined.

What do investors expect in return?

What rate of return do investors expect? In general, angel investors expect to get their money back within 5 to 7 years with an annualized internal rate of return (“IRR”) of 20\% to 40\%. Venture capital funds strive for the higher end of this range or more.

How do I get investment proof from FundsIndia?

Login to your FundsIndia account, click on reports and download your capital gains statement.

What return do investors look for?

Angel investors typically want from 20 to 25 percent return on the money they invest in your company. Venture capitalists may take even more; if the product is still in development, for example, an investor may want 40 percent of the business to compensate for the high risk it is taking.

Is a closed-end fund bad?

The bad side of a closed-end fund is when the fund’s managers use their closed-end structures to collect high fees from their captive investors. Many closed-end funds are all about collecting high fees from investors: initial offering fees and egregious management fees.

How do I get a CEF?

With a closed-end fund, investors buy the fund by purchasing shares in the secondary market through their brokerage account, just like they would for an individual stock or ETF. Demand to buy or sell shares of closed-end funds leads to price fluctuations in those shares.

Why did the founders of FundsIndia exit from the company?

The founders were asked to leave the company owing to differences with the platform’s PE (private equity) investors on how to run the business. The exit was sudden and unexpected. Fundsindia has Rs 6400 crore assets under management and about 2.4 lakh ‘investing’ investors.

Will FundsIndia’s new management start charging from the start?

In the Fundsindia case though, only the founders have exited; the platform very much continues to operate. If there are fears that the new management may start charging instead of retaining the ‘free’ structure till now, you may want to rethink about continuing with the platform.

How big is the mutual fund industry in India?

Fundsindia has Rs 6400 crore assets under management and about 2.4 lakh ‘investing’ investors. As of May 2019, the Indian mutual fund industry had Rs 25.43 lakh crore assets under management.

Should you be worried about FundsIndia’s new research team?

Insiders at Fundsindia also suggest that the top people in the research team have resigned. This may be an added cause for concern for those looking for advice on the right funds to buy, as a new team may come with a very different set of scheme recommendations.