From my experience, Mutual fund investment is not going to fetch anything. From my 10 years experience in stock market & MF's, I came to conclusion that Mutual fund managers are also human beings and they too invest in the same set of stocks in which individuals do. The day market goes down by say 2%, my mutual fund portfolio goes down by 5% and in the same way if the market goes up by 2%, my mutual fund portfolio goes up by 1.5%. When I compare it with my stocks portfolio, it is far better than mutual fund. So my advise is to go and buy the stocks which you like and book profits.
RE:Mutual fund investment is totally rubbish
by Sanatan Panda on Apr 06, 2007 06:17 PM Permalink
Most of the Fund Managers are a useless lot.They are only interested in getting fat salaries and bonuses and they care a damn about the investors.Often,with the change of the Fund Manager, an MF scheme which was paying good dividend,suddenly stops payment,despite favourable market conditions.Investors are kept in the dark about what these fellows are doing with their(investors') hard earned money.Fund Managers and the MFs take shelter behind the declaration that Mutual Funds are subject to market risks and past performance may not be sustained.SEBI,which is supposed to be the watchdog of investors' interests, remain a silent spectator.Investors should demand the inner working of MFs,under Right To Information Act.Public should stay away from MFs.
