It is lonely at the top…but surely Hdfc will not mind it. Hdfc Mutual fund became the biggest mutual fund and toppled Reliance to reach that position. Hdfc in most businesses is like the proverbial tortoise…Slow and steady, plod, plod….but once you reach there stick to that position! So Congrats Milind Barve and team for […]
If I were Bill Gross, I would have done the same thing….When Bill Gross (the bond Guru?) took a stand that having a bull position in US Governement securities was not a sensible thing to do….I nodded.. He had a big portfolio of government bonds – about 250 billion US $! It is not […]
The average return on equity investments (without reinvestment of dividends) is about 18% over the past 31 years. Does it mean that every year you got 19%? The answer is no. Such ‘zero standard deviation return’ is possible only in CERTAIN debt instruments. In equity investments there have been years of +242% as well […]
Sir I have Rs. 100,000 to invest, what should I do? Want to invest for 7 years… Answer: In such turbulent times you should not invest in an equity scheme. So please invest this money in a clutch of balanced fund – Franklin Templeton Balanced fund, Reliance..fund (do not remember which), Hdfc Prudence fund, and […]
In all public forum nowadays (and even earlier) there is a tendency to blame the distributor. Let us see a typical debt market presentation: Fund manager: Hello, today we are going to talk about debt funds ‘Debt funds have done extremely well over the past few years….’ Journalist: Why is there no retail participation? FM: […]
I get kinda irritated when the kids I teach ask me questions for which they can find answers on the web. What is a hedge fund and what is a mutual fund is a question that I have been asked a zillion times..so here is an attempt..I hope you like it..expect it in the next […]
There have been many changes made by the mutual fund regulator (SEBI). Many of them have hurt the industry – and hit badly. However the biggest change which has hurt – has hurt the distributor, not the fund houses. That is the crux of the change. Did the AMFI protest ? The answer is NO. […]