SIP is Not Always Systematic Investment Plans Its a Systematic Cheating Plans too

SIP is Not Always Systematic Investment Plans
Its a Systematic Cheating Plans too



We all have invested in our lives sometime or the other. In fact, it is a yearly process for most of us. The reason we invest our hard-earned Money in different Buckets are:

a) Tax Savings
b) Future Earnings

These days there is no dearth of the Options to Invest. The preferred ones are:

a) Land/Real Estate
b) Gold
c) Share Market
d) Policies like Systematic Investment Plans (SIPs) or Mutual Funds

I am sure all of you would have come across the Executives and Managers of Banks and NBFCs (Non-Banking Finance Corporations) and have all kinds of Experiences with them. The moment you sign in on any particular Company's Website just to get some Information about the Policies they Offer, you will be bombarded with unrequired and nagging Calls. Even though you tell them that you just want to get some Information, you will feel the Pressure to Buy. 

Even if you Dial their Call Centre for some other purpose, they will drag you to meet them and force you to Buy the Policies. This is regardless of the fact whether you are in a mood or Financial condition to Buy.

Apart from the above, the frequent Calls at odd Hours are a regular Feature.


There have been various Cases of Dupings and Frauds by Companies and Executives on a large scale everywhere. Sometimes its the whole Company which is a Culprit. Sometimes, it has been found that some Executives try to make personal Profit out of the Deal and leave the Company after its done. When the Customer, once he gets to know of the Fraud, reaches the Company, they too don't have any Idea of it and just rub their hands off. So,its the Poor Investor who is at a Loss always.

One Friend of mine, Mr. Robert was once Cheated in a similar way by an Executive of a Famous Bank. In order to meet the high Target forced on him by his Company, the Executive sold a Policy to my Friend by misguiding him on some necessary Details. This Costed Mr. Robert dearly after a few Years when the Maturity Date of his Policy came. He Lost a lot of Amount which was promised to him. The Executive from whom he bought the Policy had left the Company long back and the Company had no clue about him. 

The above was one Case I gave as an Example. But have heard similar Cases from many people. 

These Executives go to any extent for Selling their Policies. They will give repeated Calls to you at various Hours, will be ready to visit your Home if you ask them. In fact, they will behave as your closest Friend  but only for a few Days, till the work is done. The people who are the main target are the Senior Citizens or those who are not much Internet-savvy. The reason being that both these Categories can believe easily in what is told to them. 

Both of them have less Information at their disposal and hence are easy Targets. 


The most disturbing Fact is that these Executives are all well-Educated. Most are MBAs or equivalent. They hail from Good Families. But then why such behaviour?

We can not blame them solely for this. Nobody wants to be a Cheater when they come out of their Colleges. They all want to do Good in Life, Earn Money for their Families and live happily. It is the present day Environment of extreme Competition and the unsurety of Job scenario, which compels many to adopt a wrong Route for Survival. 

Sometimes the Companies they Work for pressurize them with unreachable and impossible Targets. They have to Prove themselves from Day One or else they are at a constant Risk of getting Fired. Getting another Job in this Recession-filled Environment is not Easy and the fear of being Jobless compels them to think in the wrong Direction.

This World Economic Environment is Tough for everybody. Its the Ethical Responsilibilty of Companies not to overburden their Executives, treat them as Humans, not Money-making Robots. 

It is the Moral Responsibility of Executives not to Resort to wrong doings for achieving Targets or Cheating anybody of their hard-earned Money for personal motives; remember if caught,you can be Jailed and whole Career will be ruined.

It is the Investors' Duty also not to get carried away by Sugar-coated Words and Polished Talks. These Days Cheaters have an Educated and informed Face. You can not make out the intentions of the Person whom you are talking to. Please Check everything before Signing on the dotted Line of any Policy.

In the end, I just want to say that, "Please Read the Offer Document carefully before investing." :)  

Coming Blogs on 


Dow Jones Dollar Index
Forex Dollar Index
US Dollars Index
Forex Currency Quotes
US Dollar Index Daily Chart
Foreign Exchange Quotes
Forex Rates
Forex India
Forex Trading
Exchange Rates
FOREX-Dollar
Currency Converter
1 Euro to Indian Rupee

Online Forex Trading

Blog By :

Pragya Banerjee [ MBA (Finance); 7+ years of work experience ] 
eMail: pragyasonal@gmail.com
pragyablogger@gmail.com
https://www.facebook.com/pragya.srivastavabanerjee 
https://twitter.com/pragyasonal 
http://www.linkedin.com/pub/pragya-banerjee/15/311/aa9
http://best-motivational-quote.blogspot.com