It is surprising that Indian mutual funds have not yet launched Target Date funds. It is a big money gatherer in the USA (remember Mutual funds are in the money gathering business not in the money managing business). What is a Target Date Fund and how does it work? Since we are in 2015 let […]
Yesterday evening a friend called up to say ..in 1995 we saw the birth of the Mutual Fund industry in 2015 will we see the end? Well to start with there is no ‘take over of a mutual fund’ as the whole world will report today. I think L&T Asset Management Company will take over […]
Thanks to my style of writing many people ask me ‘What should be the strategy of investing for a small investor’ – the answer is simple. However we are Indians and we do not like simple things. If you have a brilliant mind, and think you can make money in your profession, and managing money […]
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 […]
Who said performance is everything…well with no hidden meanings…I am talking about mutual funds..I have looked at many fund houses and wondered..what are they doing. The bad, bad capital markets are still giving money to these fund houses, they have huge cash reserves and well they continue to live. One of the worst things that […]
Mark Mobius the famous fund manager (incidentally he runs the most disciplined scheme ever in India – Templeton India growth fund, the only fund in India that has been ALWAYS true to label) says the next ‘Dubai’ could be in Mumbai or Shanghai. One kid in our office excitedly rushed to me (working on the […]
A friend gave me lots of paper saying “My cousins husband has died, she is a nominee will you please transfer all the mutual funds to her name”. I said this is a breeze, will do it. Then started my ‘breeze’. DSP Mutual fund, Idfc, SBi mutual fund, Icici Prudential, J P MOrgan, Franklin Templeton,…his […]