In a market that is doing well or going up the fund managers call for more meetings. It is not as though they say different things..but I want to hear this:

  • my strategy is not working now, there are other funds which are producing better results
  • I was and am bullish about banking (or any sector), however I did not expect the macro dynamics to hit my NAV so hard
  • It is not as though I am the best fund manager, we just have an excellent sales team
  • I got damn damn lucky to have been born in the late 1960s (Gladwell)
  • This is a good time to exit my fund, my back testing shows that it will take me about 6 months to sharpen my strategy
  • I am paid a fee on the aum, so it is obvious that I will not be able to give you EXIT advice
  • We do not have any great edge, but our friend circle among the industrialists is really strong
  • Of course we do not deal with inside info, we create it.
  • We are here for our shareholders, you are out customers.
  • We have to make money for our shareholders principally
  • We have to make enough money for you so that we can make money for the shareholders
  • Many of our fund managers have left and taken our strategy along so there is nothing unique
  • We have a lot of internal controls, but if you see some of our operational mistakes, WE would be scared
  • If you knew our HR you would know how arrogant our Fund Bosses are
  • We have never been innovative, but please do not hold that against us
  • We got so lucky a few times in the past that we connected the dots and made it sound like strategy
  • Our current performance is so bad, it can only get better
  • Our fund management fee is a tad high, that is because we have an awesome brand image
  • Look we do not need IFAs and Customers to tell us how to run our business, we know you are RIGHT
  • Look guys, There Is No Alternative
  • Many of our funds out perform the index because the Indian indices are poorly constructed
  • The fund industry has found it easy to keep the index bad
  • All Indian funds, on an average, are better than the average!!

now go have fun talking to your IFA….

  1. Subra sir the best and most witty point is “We got so lucky a few times in the past that we connected the dots and made it sound like strategy “

  2. Apt Input ! Bang On ” I was and am bullish about banking (or any sector), however I did not expect the macro dynamics to hit my NAV so hard -Atleast Now ?

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