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….

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  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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