Dear Subra,

Here is the link of Prasant Jain’s article

http://www.moneycontrol.com/news/market-outlook/prashant-jainwhy-this-isgood-time-to-buy-stocks_574965.html

Here is the actual link of the original article:

http://www.hdfcfund.com/CMT/Upload/ArticleAttachments/Equity_Commentary_August_202011_01.pdf

The first thing I did this morning at 4a.m was to provide the above link in our portal.

I started investing in mutual funds around 13 years ago; Zurich, Kothari Pioneer and Alliance used to be my preferred choice then. These fund houses were subsequently taken over by HDFC, Templeton and Birla respectively.

Especially talking about the first two, I’ve been more than rewarded for my faith in them.

Same question as brijesh. Who is MB ?

I now know you admire PJ & SN, but want to know who is MB ?

I am already invested in 1 scheme each managed by managed by PJ & SN for the past 1 year. Evidently am the new kid… 🙂

Any views on Kenneth Andrade of IDFC ?

Regards
Raja

Dear Subra Sir

In 2008 – Corporations/COMPANIES/Institutions were falling which were too big to fail, hence many were bailed out by governments. Smaller ones burst and the markets fall over 40% all over the world and then rose after 2+ years but no where near to the previous tops…

In 2011 – GOVERNMENTS are falling (S&P is just telling the king is getting naked) or starting to fall and mind you it is the big names in G7 are in question and no one can bail them out…

My view – The markets should fall minimum 40% (Sensex will fall to it low between 9000-12000)and the recovery will be extremely slow this time inspite of QE3, QE4…We are not decoupled to the extent that no FII activity there will not be any retail activity either even if the valuations are mouth watering. Next 4 years will be a testing time for all the equity investors BUT will reap the reward after that and will be spectacular for future under the next central govt be it any party/coalition… here or around the world. As all of you personal finance gurus are advocating i am going to dumb all my savings i will generate from now in SIP for the next 4 years minimum… If this goes through according to prediction – Sir I will retire before YOU.. 🙂

Thanks

NB : I too pray with you for PJ.. :), But who is MB?
My prayers for you too for your great service.

Sir

You never taught that :(.

Closed th demat a/c some time back understanding the hard way that it is not my cup of tea. Not worth the time and efforts. Much better yield praying for PJ.. 🙂

Thanks anyway.

Apporva Shah – Yes. The fund houses I like not only pertain to the fund manager but also processes, the quality of assets they hold, not chasing momentum etc.

One advantage of being an advisor is that you can lot of questions in this regard and the fund houses are more than happy to answer such questions. Ofcourse, discretion has to be used while absorbing what is being shared.

For example, if you want to analyse MIPs, one fund house may tell you that they have taken so much position in G-Sec as the interest rates may fall and another may tell you that they may not be able to time this and hence they are holding papers with a certain maturity and the coupon which would enable the investors earn the coupon rate (minus expenses) etc.

If you find a mid-cap fund not doing well, the fund house would tell you what call went wrong and how they are re-positioning the portfolio and on what basis they expect do well in future and so on.

No views Raja, but here is a good profile piece on Kenneth Andrade that may find worth a read:
“The Midcap Mogul – http://business.in.com/printcontent/25852“