1. Subra,
    Could not agree more with you. I’ve also been flooded by similar offers as mentioned by you. Well, if you ask me , how do we have news, if we do not have matters such as these which will percipitate action ( good or bad.. obviously the latter , i believe)going forward.

  2. I guess the fund house in question was ICICI Prudential, who had come up with this NFO with a high upfront of 4.5-5% and a lock in of 10 years and covered this with the saying that Equity is anyways for the long term and so on..Even IDFC came out with a tax saver with a very high brokerage structure.

    In the end, these high charges eats into the returns where the affected party is the INVESTOR ! I hope more investors read your blog 🙂

  3. I am a Mutual Fund Distributor and I know which Fund you are talking about. I have never ever been tempted to advise this Fund to my clients inspite of their ‘impressive’ performance (their words).
    but dig deeply, you will find that their ‘impressive’ performance is only for the last 2-3 years. What about the last 5 years, what about their performance in the 2008 Bear Market???

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