Do you care about your investment?

Do you care about your investment? 

Investors need to take care of these things

Nowadays, we often read, listen or give advice on where to invest, how to invest, and even invest in different investment options. But after making this investment, we often forget that once we have invested, we need to keep an eye on it and ignore it. Today, We are going to tell you about the experience of an investor friend, to understand how important it is.

After  voluntarily retiring from a job at the bank, and he and   his wife together invested in a number of different options as advised by a reputed investment adviser. He and his wife was keeping an eye on all the investments and they were determined to safeguard it. She noticed that the address on his investment statement had changed. When he went into the room to investigate, the following incidents were noticed:

1). First, an account was opened in a reputable private bank using her KYC documents in a reputable private bank outside her name. Keeping her permanent address at that time, the contact address was given near the branch outside Mumbai. The phone number was also given.
2). Later, their address and phone number were changed in the mutual fund using her KYC documents as well as the bank’s address. He was warned that she would not know anything about her investment and her investment.

Meanwhile the money paid to open the account in that bank account was withdrawn. So when the bank sent a letter to the original address to pay the minimum balance in the account, she noticed that a bogus account had been opened in her name.
The next step might be to change her bank account number to a new bogus number and then withdraw her investment money and deposit it in this bogus account. But with her time in mind, she avoided any further potential major financial losses. Even if she’s not financially disadvantaged, that may not be the case for everyone. Therefore, investors need to be careful, cautious.

This is not just a matter of financial loss, but it will be more serious if someone uses your documents to steal your identity and thereby commit immoral things – scams.
Of course, the proper course of action will be taken with regard, but if we want to save all the next trouble, we need to be very careful. The advice to all investors is that they should not forget once they have invested, check their address, phone, bank account number from time to time and update it if it has changed. If not invested only once, then check back often and if this is not possible, seek the help of a good, informed and trusted consultant. Because it’s your job to give you the right investment advice and keep an eye on your investment.

Investors should take care of these things:
Do not hand over your KYC documents to anyone for proof of identity.
When signing shaded copies of documents, be careful that a small portion of the signature will go to the printed area.
Remember to write down the date and date for which you are giving the document.
Make sure you get a regular investment statement every three to six months.
When the investment statement arrives, check all the details – your address, phone, bank account number is correct.