Teaching has its advantages. Huge advantages I should have said. One such event happened yesterday…I was told that I had missed one of the best fund managers by not investing in Mirae. I was also told that by not investing in a new FT scheme of ‘High Growth companies’ I had missed out on a […]
Every body and his uncle, aunt and cousin likes to talk about Fund manager evaluation. It is extremely difficult to even assess past performance – some managers get lucky very often! More than being difficult, it is pretty useless. Useless, yes you heard it right – because you cannot use the so called ANALYSIS to […]
What does one look for in a fund manager while selecting a scheme. Broadly I am in agreement with people who say that given the fact that all fund managers play with the same parameters, the chances are that they will perform like each other vis a vis the benchmark. Partly true, partly false. Let […]
When I started buying direct equity (largely driven by one brokerage house) we used to use words like value investing. For me dividend yield was a huge attraction. So Pressure Cooker Alliances (Hawkins!), Tata Power (dull boring power company with 7% dividend yield), VIP Industries (etc. etc.) were good shares to buy. Later on I […]
this morning I posted saying ‘mutual funds are risky’ – some of the things that I know are unprintable, so I will not write about this. However Mr. Kaul has written an article about debt…read this here https://www.equitymaster.com/dailyreckoning/detail.asp?date=10%2F27%2F2015&story=4&title=What-bankrupt-Indian-business-groups-can-learn-from-Genghis-Khan while reading this…note down the names of the companies…and then see how many mutual funds are holding […]
One leading mutual fund is doing a series on Myth busting about mutual funds. It is interesting to say the least. Let us look at each one of them: Mutual funds are very risky. Let me reiterate, yes it is very risky. Imagine the head of Research of a big pharma company wanting to invest […]
Some of us believe that once you select a competent and honest fund manager (fund house) you can go off to sleep. In the sense that when a good fund does badly, the fund manager always has a solid reason to say “we will be back”. Now if the person saying this is Prashant Jain, […]