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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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   Topic: Investors bleed while fund houses make money!
Posted: 12/Sep/2011 at 7:46pm |
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"Some fund managers' ability to research and identify stocks is below par. They don't deserve the expense ratio they are charging their investors," says Kolkata-based stock analyst Basant Maheshwari.
http://economictimes.indiatimes.com/personal-finance/mutual-funds/analysis/mf-houses-hdfc-mutual-fund-reliance-equity-and-others-make-money-via-expense-ratio-even-if-equity-schemes-bleed/articleshow/9949610.cms
Edited by basant - 12/Sep/2011 at 7:47pm
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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subu76
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Joined: 25/Feb/2008
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Posts: 5709
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Posted: 12/Sep/2011 at 8:27pm |
I used to wonder what sort if investors keep their money in such MFs. And now I find that I am one of them. I've kept various 4-5 year money in MFs and don't even know their current NAVs I've put my money in Reliance and HDFC MFs
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leo2007
Senior Member
Joined: 22/Jul/2007
Location: India
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Posts: 262
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Posted: 12/Sep/2011 at 8:57pm |
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I also have some investments in MF . Now I am seriously thinking of redeeming.
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bharti
Senior Member
Joined: 25/Dec/2007
Location: India
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Posts: 262
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Posted: 12/Sep/2011 at 10:08pm |
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I have no investments in MFs, but am waiting for PMS from Basantji.
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FutureBull
Senior Member
Joined: 06/Feb/2009
Location: India
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Posts: 1868
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Posted: 12/Sep/2011 at 10:51pm |
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Fortunately cashed out from my MFs around 5700-5800 except some ELSS.. I realised its better to pay tuition fee to learn rather than pay them with nose and do even think of getting out performance let alone good return.
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‘The market always does what it’s supposed to — BUT NEVER WHEN’.
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patra04
Senior Member
Joined: 07/Apr/2011
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Posts: 143
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Posted: 12/Sep/2011 at 12:27pm |
When I was introduced to TED, I was 100% in MFs, now thanks to the lessons learned here, I have switched gradually to equities.
A 2% yearly difference in the returns you get on your investments can have HUGE impact on the earnings in the long run.
A big thanks to TED and Basantji for educating the finanicially illeterate folks like me.
Regards,
Rahul
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An investment in knowledge pays the best interest.
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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 12/Sep/2011 at 7:44am |
Originally posted by patra04
A big thanks to TED and Basantji for educating the finanicially illeterate folks like me.
Regards,
Rahul |
Thank you. Yes, TED has beaten almost all MF and money managers hands down.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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shontou
Senior Member
Joined: 04/Aug/2011
Location: India
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Posts: 865
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Posted: 12/Sep/2011 at 8:47am |
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Best strategy is to have a small portfolio and manage it yourself. Excahange traded funds are also good alternative to mutual funds as they dont carry expense ratos like mutual funds.
About fund managers :"Some people are alive only because it's illegal to kill them".
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Every day, self-proclaimed stock market "experts" tell us why the market just went up or down, as if they really knew. So where were they yesterday?
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