Best Fund Houses
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Sector talk
Forum Discription: Discussion on sectors with regard to specific matters. We will be discussing the various sectors of the economy and how they would perform. Basically a top down approach.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=757
Printed Date: 04/Apr/2025 at 10:31am
Topic: Best Fund Houses
Posted By: deveshkayal
Subject: Best Fund Houses
Date Posted: 14/Feb/2007 at 12:04pm
|
Moneylife's ranking of Fund Houses in the country based on four parameters of returns,risk,size and New Fund Offerings(NFOs) over last three years.
Rank Fund House
1. DSP Merill Lynch
2. Sundaram Mutual Fund
3. SBI Mutual Fund
4. HDFC Mutual Fund
5. Reliance Mutual Fund
6. Prudential ICICI
7. HSBC Mutual Fund
8. Tata Mutual Fund
9. Kotak Mahindra
10. Franklin Templeton
11. Birla Mutual Fund
12. Deutsche Mutual Fund
13. DBS Chola Mutual Fund
14. PRINCIPAL Mutual Fund
15. Escorts Mutual Fund
16. Morgan Stanley Mutual Fund
17. Taurus Mutual Fund
18. Sahara Mutual Fund
19. JM Financial
20. Benchmark Mutual Fund
21. BOB Mutual Fund
22. Canbank
23. ING Vysya
24. UTI
25. LIC
I was surprised with Reliance at 5th. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Replies:
Posted By: kulman
Date Posted: 14/Feb/2007 at 12:09pm
|
I was surprised with Reliance at 5th.
----------------------------------------------------
U mean 5th is too high or too low for them? ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: deveshkayal
Date Posted: 14/Feb/2007 at 12:15pm
|
Too low.They hve been given global award by some foreign orgn starting its name with L.....i dont remember their name. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 14/Feb/2007 at 9:05am
|
I would put HDFC, reliance and Templeton at the top three positions. See any fund house that has a PMS running side by side is a threat because you never know whether the MF would feed the PMS- funds are generally more interested in the PMS. For example Sund Midcap outperformed all funds because it had Unitech and Ansal so if a portfolio goes up predominently because of two stocks then there is a problem. I like to see all stocks performing the portfolio or almost all not just two big multibaggers and the others being just about better then market.------------- '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 |
Posted By: deveshkayal
Date Posted: 15/Feb/2007 at 12:56pm
|
Yes Basantji i agree with you.Sund Midcap is a momentum player.I would put reliance at the top.They r a long term investor with hardly any churning among the stocks.Reliance fund managers have changed their asset management from just a small AUM to the top. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: omshivaya
Date Posted: 15/Feb/2007 at 1:00pm
|
Reliance Growth, Reliance Vision, SBI Magnum Contra -best diversified mutual funds since 5 years and before and very consistent - also recovered fastest from any crash.
So, dont just go by these kind of reports. Try doing a research yourself for past 5-10 years on http://www.valueresearchonline.com - http://www.valueresearchonline.com
Good luck ppl. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: basant
Date Posted: 15/Feb/2007 at 1:47pm
|
I met Madhu Kela once and he explained to me that handling Rs 6 crores in reliance growth in 2001 was extraordinarily easy compared to the Rs 3000 crores he handles now in that fund. Any way irrespective of that I am in complete agreement that Reliance fund managers have lived up to the expectations in almost all their funds. ------------- '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 |
Posted By: omshivaya
Date Posted: 15/Feb/2007 at 2:31pm
|
Oh yeah! So true basant jee. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: Mohan
Date Posted: 16/Feb/2007 at 8:15pm
I am not surprised UTI is second to last. Hate that Institution. Does anyone remember US 64 and Mastergain ?
------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: PrashantS
Date Posted: 16/Feb/2007 at 8:31pm
|
well before selecting a fund ...i think the selection of a fund manger is extremely important. Top guys according to me are ...S nagmath(Dspml),Sanjay sinha(SBI),S Singhania (Relaince),Prashant Jain(HDFC) apart from these some new guys are doing well too like Rajesh Singh -Fidelity But it is really very tough job to be a Fund Manager |
Posted By: deveshkayal
Date Posted: 16/Feb/2007 at 9:30pm
|
SBI Mutual Fund is Mutual Fund of the year,sweeps CNBC TV18 Crisil Awards. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 16/Feb/2007 at 10:09pm
|
Their ex chief "Sabrahawal" was allegedly involved in price manipulatiion and other unfair practices. ------------- '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 |
Posted By: deveshkayal
Date Posted: 16/Feb/2007 at 10:13pm
|
He infact was also the one who bought Pantaloon at 45. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: kulman
Date Posted: 16/Feb/2007 at 10:23pm
|
I guess such awards are rigged.
Doesn't matter as viewership multiplies, increases TRPs....& higher Ad revenues!
Basant jee, have I now started talking business?! ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: PrashantS
Date Posted: 16/Feb/2007 at 10:40pm
| But can they rig the performance of the fund..? |
Posted By: kulman
Date Posted: 16/Feb/2007 at 10:49pm
|
Evaluation parameters for ranks could be! ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Mohan
Date Posted: 16/Feb/2007 at 8:18am
Talent will get you up.
Ethics will keep you up over ther long run.
I believe Most Important in life is Ethical behavior
my 2 cents ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: investor
Date Posted: 17/Feb/2007 at 6:07pm
|
I agree completely with you on this Om, i invested in all three of these funds last few years and they have given excellent returns.
------------- The market is a place where people with money meet people with experience. The people with experience get the money while people with money get experience! |
Posted By: deveshkayal
Date Posted: 14/Mar/2007 at 8:03pm
|
One more Mutual Fund Award...this time by Business India magazine..
The Best Mutual Fund of the Year award goes to.........any guesses........
Yes u r right......HDFC Mutual Fund..... (Talking as an anchor)!!! ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: xbox
Date Posted: 14/Mar/2007 at 6:12am
|
In my personal opinion sbi is best AMC. Not only they have managed people churning well but also performed very well in AUM and returns. After exit of Mr. Sandeep, next guy Mr. Sinha did very well. I believe their research team is also very good. Also they don't belong to any industrial LALA. It means they are not biased to any sector, industry and geography. They work only and only for unit-holders.
I hate AMC with PMS. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: Mr. V
Date Posted: 16/Mar/2007 at 9:04pm
|
What's the story with Sandeep Sabharwal and Insider trading ? I believe there were some investigations going on. Did anything come out of it ?
He is widely credited with turning around the SBI funds and now he has joined JM. One of things that is going to be an advantage for him in JM is the corpus size (60-70 crores) of the funds but if he is a shady manipulator then no point in putting money in JM.
|
Posted By: xbox
Date Posted: 16/Mar/2007 at 6:17am
|
What's the story with Sandeep Sabharwal and Insider trading ?
--------
Sandeep has picked few shares of some bogus company against recommendation of it's research team. There is one court case pending against him on this. I suspect this was the reason of this sudden exit from lotus AMC.
JM has nothing to loose in employing him. Their equity portfolio is non-existent. Definitely he will make improvement there. I heard that JM has hired 100 professionals at equity segment. No doubt he is gem in JM AMC. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: basant
Date Posted: 16/Mar/2007 at 10:34am
|
The company in discussion was Padmini Polymers which was rigged by KP during the tech bubble. ------------- '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 |
Posted By: kulman
Date Posted: 19/Mar/2007 at 11:38pm
|
http://www.livemint.com/2007/03/19000049/Multi-Manager-Equity-Fund.html - Multi Manager Equity Fund
OptiMix Mutual Fund now has a unique scheme called Multi Manager Equity Fund. Unlike the existing range of schemes, which invest in different funds, the Multi Manager Equity Fund can invest directly in stocks based on the recommendation of a selected panel of fund managers as well as portfolio managers (PMS).
These fund managers are being classified as core managers and satellite managers. The fund is based on the premise that investors may not always choose the best performing fund.
While core managers will contribute 75% to the portfolio, satellite fund managers will be able to contribute the rest of it, or if there is a special situation in the market. For PMS, the fund has chosen Religare Securities, Surefin Finance, Karma Capital and, for fund managers, it has chosen DSPML, Reliance, HSBC, Franklin Templeton, Sundaram BNP Paribas and UTI.
-----------------------------------
Too many cooks might spoil the broth??
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 19/Mar/2007 at 11:48pm
They are all marketing strategies. I think more the complexity greater the chance for market determined returns. Why not buy the Nifty Sir? ------------- '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 |
Posted By: omshivaya
Date Posted: 19/Mar/2007 at 2:43am
|
Wah Wah! These guys are finding better and better marketing gimmicks to play around with the investors' perceptions. All this means nothing...in the end, it will be just about the same returns as any other good fund(if it does become one).
But for any marketing guys on TED, note this case down for your case-study. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: xbox
Date Posted: 19/Mar/2007 at 5:32am
|
OptiMix Mutual Fund
-----------
I am firm believer of FoF. They are not high flyer but consistent performer both good and bad times. They are not restricted by liquidity problem (often cited for mid and small cap stocks).
One of my FoF turned into pure debt fund at starting of this fall, so restricted from downfall. But then when to get into equity and when to get out from equity is a important call. A plain vanilla fund can not take this call so , they follow downside, if any.
On other-hand, FoFs are expensive. As they say in market there is not any one strategy which works always. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: basant
Date Posted: 19/Mar/2007 at 9:11am
|
One of my FoF turned into pure debt fund at starting of this fall, so restricted from downfall. But then when to get into equity and when to get out from equity is a important call
____________________________________________________________
I think this happened by chance and not by choice! Guruji bhi time nahi kar sakte hain bazaar ko!!! ------------- '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 |
Posted By: xbox
Date Posted: 19/Mar/2007 at 9:24am
|
Very good point Basant jee. Predicting a direction is beyond human. I don't know how they decide on direction. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: monu_duggad
Date Posted: 20/Mar/2007 at 3:17pm
|
Yaar
Someone said fundhouse having pms wud perform suboptimally....kya logic hain ? i dint get...am i missing something...
btw ye icici wale aajkal kaafi aggressive ho gaye hain...roj 10 sms karte hain muze...buy idbi march futures for target of 80 with sl of 74...buy sbi future for target of 965 in next 15 minutes.....:-))...
i hope they dont charge me for this sms... ------------- If you think you can,You Can |
Posted By: kulman
Date Posted: 20/Mar/2007 at 6:04pm
|
btw ye icici wale aajkal kaafi aggressive ho gaye hain...roj 10 sms karte hain muze...buy idbi march futures for target of 80 with sl of 74...buy sbi future for target of 965 in next 15 minutes.....:-))...
--------------------------------------------------
Monu jee
Such "momentum calls" on mobiles via text messages are common with almost all large brokerages.
As per reliable insider sources: SMS = Seduce Mungerilals Systematically to increase trading volumes, i.e. more brokerage.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: deveshkayal
Date Posted: 28/Mar/2007 at 11:03pm
|
Rel MF bags 6 Intl. Lipper awards,highest by an Indian Mutual Fund. While ICICI Pru bagged 1 award. There were in all 22 awards given to Mutual Fund based in India. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: deveshkayal
Date Posted: 06/Apr/2007 at 1:10am
|
I-Sec selects top five MFs (BS)
Mutual fund schemes Franklin India Prima Plus, HDFC Top-200, Prudential ICICI Power, Reliance Growth and Sundaram BNP Paribas Select Midcap have been selected as top performing schemes by brokerage house ICICI Securities. These schemes have a good performance track record and are also rated by Value Research.
In its latest ranking of the schemes, ICICI Securities said, Franklin India Prima Plus was a well-diversified, large-cap oriented portfolio with low volatility and fairly decent returns.
“The essence of this fund: No flashy returns and no sleepless nights,” it said. Launched around the peak of the IPO boom in September 1994, this scheme started off as a stock collector and had nearly 200 stocks by March 1996.
The relentless cleaning of the portfolio took years and the January 2001 portfolio revealed 40 scrips. In November, the fund had around 42 stocks in its portfolio.
HDFC Top 200: The fund concentrates primarily on India’s top 200 companies by market capitalisation and, hence, offers a portfolio consisting large-cap, blue chip and highly liquid stocks.
This fund has everything that one looks for in a core fund. Here, the top holdings largely remain concentrated with the allocation to the largest holding regularly crossing 8 per cent of the total assets.
At the sector level, the fund manager generally parks half of the assets under management in three sectors. The portfolio always remains tilted towards one sector. The fund manager regularly commits more than one-fifth of the money to one sector, often technology.
Prudential ICIC Power is among the funds, which have shown resilience while delivering good returns.
The fund has always maintained its exposure to large cap stocks to around 60 per cent for stability. The fund ended 2006 with returns of 49 per cent, more than Sensex’s 46.7 per cent and category average of 34.69 per cent.
Reliance Growth: Since its launch in October 1995, this fund is known for great returns. In the past five calendar years, it has consistently beaten the category average by a fairly impressive margin.
Sundaram BNP Paribas Select Midcap’s performance has been consistent over the years. Its focus on mid-caps paid when the tide turned in favour of mid-caps in 2003.
The fund manager has displayed a skill in identifying winners, ICICI Securities added ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: omshivaya
Date Posted: 07/Apr/2007 at 10:08pm
Source: http://www.outlookmoney.com/scripts/ptifile.asp?pti_news_id=342 - http://www.outlookmoney.com/scripts/ptifile.asp?pti_news_id=342 ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Posted By: us121
Date Posted: 07/Apr/2007 at 12:39pm
One of the biggest problem with these funds is the tax treatment.
as i understand, the profit from them do not fall under STCG/LTCG but gets added to business income.
this may make a lot of difference. ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: kulman
Date Posted: 07/Apr/2007 at 11:15am
|
On Fund of Funds, Warren Buffet says that it like adding another layer of additional fees.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Mohan
Date Posted: 08/Apr/2007 at 9:28am
Kulmanji,
I believe he called it daylight robbery
|
Posted By: basant
Date Posted: 10/Apr/2007 at 11:17am
|
Templeton has lost its fizz - they have been bad with their performance in recent times. ------------- '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 |
Posted By: vip1
Date Posted: 10/Apr/2007 at 11:21am
|
Basant,
Most funds have underperformed the sensex because most funds do well in a SecularBull Market , As these Funds have 20-30 stocks. The Secular Bull Market ended in May 2006 till then all Funds did well .Afer that only a handfull of Good stocks have taken the Market up to 14600 .
|