So we are at the end of the year and the markets are really going nowhere. The EPS growth is not happening in many companies. So fund managers are finding it difficult to justify the prices or wondering whether to sell. The difficult part is that the fund schemes are continuing to get money and this HAS TO be invested. They dare not hold cash on a reporting last day – the last TRADING day of March.

Now if you have gone and bought Larsen & Toubro, Sun Pharma, Infosys, Wipro, Coromandel International, L&T Finance – just  examples please! Now these shares have done well, done badly…whatever, now they are perhaps not at their best.

Now if the closing NAV is bad the fund house and the fund manager are shown in a poor light for the next one full year.

So what to do? Exactly what a ceo of a big company does – keep attention away and manipulate the price.

How to manipulate the price? That’s easy. Tell the broker