There are many people who come to sell equity schemes…and here is the language they use: 1. Sir ‘Equities have given 20% CAGR in India from 1979 till today including dividends’ – so if you invest in equities for 5 years you will get the same kind of returns. Explanation: Equity returns have […]
Fund Managers need stories to sell the fund to the investor. Will they ever, ever say sell equity funds and wait in liquid funds? No. Will they sell equities and wait in cash on your behalf. NO. They cannot and should not. This is exactly where a PMS can step in. However I would recommend […]
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: […]
“So who still believes markets don’t work? Apparently it is only the North Koreans, the Cubans and the active managers.” — Rex Sinquefield, co-founder and board member Dimensional Fund Advisors Obviously what Rex means is that if you believe in equity markets you just need to be in the Index and fund managers do not […]
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 […]
As a business if PMS has to sound reasonably profitable the minimum size of the portfolio should be at least Rs. 10 Million (Rupees one crore). Why am I saying this? Well if I have to meet a client 2-3 times a year, take his phone calls 12 times a year and get my staff […]
If you think private fund managers (as in people running PMS services for private clients, not employed in Financial services companies, but stand on their own feet) are all greedy, you may be wrong. Here are 2 fund managers with a fantastic reputation. One was in a top job before he started his PMS services […]