If you have been to Bollywood, navigating the investment landscape is a bit like meandering through its bustling streets during the Diwali season. You’re met with a plethora of options, lights, and sounds, but it’s crucial to remember what your end goal is. Let’s address your query, keeping this in mind.
- Safety First: At the outset, it’s essential to understand that any investment promising monthly returns of 20% – 40% carries a considerable amount of risk. Warren Buffett, one of the most celebrated investors globally, once remarked, “Risk comes from not knowing what you’re doing.”
- Cryptocurrency Mutual Funds: I do not think mutual funds in India have a direct correlation with cryptocurrencies due to the regulatory environment. The SEBI, which governs mutual funds, is yet to pave the way for direct investments in cryptocurrency through mutual funds.
- Interest Accrual: The concept of accruing interest daily on investments, especially at such high rates, is similar to the allure of the shiny golden pots at the end of a rainbow during monsoon in Kerala. While they look promising, they might be too good to be true. Traditional financial instruments and even standard mutual funds don’t promise such high returns. So, always tread with caution.
- Alternate Options: If your heart is set on cryptocurrencies, you might want to look at crypto-specific platforms and exchanges. But remember, like the vast Thar Desert, the crypto landscape can be treacherous, with its volatile sand dunes shifting rapidly. Many people have lost wealth here.
To sum up, while the appeal of high returns is undeniable, it’s crucial to do thorough research. Rely on trustworthy sources, and always remember the wisdom of Rakesh Jhunjhunwala, the Big Bull of the Indian stock market, “Investing is the only business where when things go on sale, everyone runs out of the store.” I do not think cryptocurrency even qualifies as a business.
Before making a move, it would be wise to consult a SEBI Registered Investment Advisor who can guide you based on your financial goals and risk appetite. If you need a trusted advisor, consider Jama Wealth’s PMS services and associate investment advisory services.
