In a country where English is spoken only by the elite, SEBI has done another very unnecessary thing. However, I am not criticising the regulator, just stating the facts. SEBI in its wisdom decided that all mutual fund accounts in which there has been no activity for the past 6 months will be called […]
Now that the mutual fund industry is doing badly, we all need to do something to keep it alive. Why should it be kept alive? do not ask such stupid questions. We should keep it alive, so it should be kept alive. Here are a few suggestions: 1. Every stock broker should be forced to […]
No clue how the market will react to this news of Fidelity being taken over by L&T Mutual Fund! I have had a couple of calls from investors in equity schemes who may pull out their money. However Fidelity has a lot of institutional debt which may not panic from this change of management. It […]
A few days back Safalniveshak posted a comment saying his friend’s father was cheated by an agent who had sold him 192 schemes in 192 folios. He called it bad and disgusting. Let us look at the whole process. A mutual fund or a life insurance company gets a LICENSE to do business in their […]
If a company declares a dividend and the customer does not claim it what happens? Well it gets transferred to the Central Government. What happens in case of a mutual fund where the investor has died and the family does not know about it. Well, er, the fund keeps it. Well technically I may be […]
Not sure how many of you have read ‘Straight and Crooked Thinking’ – it is a book about writing and speaking in a complicated / simple way. Now let us look at the mutual fund industry: Facts: Entry loads have been abolished. There have been a lot of redemptions in the equity schemes. There has […]
Over the past few years that the mutual fund industry has existed it has not grown as much as people would like you to believe it has. There are about 800 schemes – equity / predominantly equity schemes. If you sort the folios PANCARD wise, I do not think there are more than 100,000 reasonably […]