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 has also happened is name copying. Franklin Templeton has a successful scheme called ‘Bluechip’ – for whatever reasons, SBI came up with ‘SBI bluechip’. Taurus came up with ‘Taurus Discovery fund’…well you can say what is in a name. Well you will be right..these funds are in the bottom 20!
Megha Vora’s conclusion is WRONG..she says ‘which fund and when u invest is important’. That is obviously with hindsight bias she is saying that.
Here is the link…by the way did you ask why Hdfc is my favorite fund house?..hmmmm read on..I like consistency over brilliance. Any day prefer Ponting or Tendulkar or Dravid over Ganguly…:-)
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