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Monday, November 27, 2006

Don’t take my cheese away...

The early bird gets the worm, but the second mouse gets the cheese. However, these words of Jon Hammond do not seem to be working for the Indian Mutual Funds (MFs) industry. Be it the buying or selling of equities, MFs have been the late movers every time, hence resulting in losses for investors due to the missed opportunities.

Interestingly, although the stock markets have bounced back to new historic heights after the crash in May this year; MF Net Asset Values (NAVs) are still lagging behind their top levels. For instance, NAV for Prudential ICICI Dynamic Plan (Growth), which was at 60.97 on May 10, 2006, is still at 57.74 (as on October 25). SBI Blue Chip Fund, which was at 11.58 o May 10, is still at 11.11. The situation is more or less same with almost all MFs.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006, Professor Arindam Chaudhuri's (Renowned Management Guru and Economist) Initiative

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

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