In our country we are yet to have a mutual fund which has a proven track record that 'xyz' is a great investor. Mutual Funds have now sprouted up like mushrooms. Their efficiency is yet to be proved. The market has been very good for quite some time and they show 50% returns etc., If you are a long term investor then simply stay away from Mutual Funds. You can also earn far better than these mutual funds. Why any 'xyz' has set up a mutual fund? what for ? Are they motivated by kindness and social service? The aim of these mutual funds is to collect public money and play investment games in collaboration with some industrialists , who in turn would sell their own company shares when the rate goes up! So finally who is the bakra? the scape goat? Yes these are the mutual fund investors. Mutual Fund managers get their kick backs. You only get a kick and that is all.
