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deveshkayal
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Joined: 04/Sep/2006
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Posts: 3903
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   Posted: 23/Dec/2007 at 2:58pm |
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When the corpus builds up to 4000crs or so, fund managers have no choice but invest in large-caps because of liquidity factor. It remains to be seen how Reliance manages such a large corpus.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Naren
Newbie
Joined: 27/Oct/2006
Location: India
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Posts: 14
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Posted: 23/Dec/2007 at 4:35pm |
Devesh,
I was thinking about investing in JM Basic Fund/Tata infrastructure Fund. The time frame is around 5 years.Which one do you think should make the cut. I really appreciate your input in this regard.
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 23/Dec/2007 at 10:10pm |
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Tough call..Both the funds have perfomed well..but JM Basic Fund has reached to the top in just a short span so I would prefer JM inspite of the fact that Sandip Sabharwal not managing the fund. You can also take a look at their new fund "JM Agri and Infra Fund" which will invest in diverse sectors.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
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Posts: 5966
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Posted: 23/Dec/2007 at 11:16pm |
I would stay away from sectoral funds. That's my personal feeling. Balanced or Diversified for me.
HDFC Prudence, SBI Magnum Contra and Reliance Growth/Vision for me as usual! Am looking for a good replacement for Reliance Growth though...one which is smaller in corpus and yet has been around since 1998 at least!
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 23/Dec/2007 at 8:19am |
Reliance Growth has surprised everyone (including me) with its returns even with a Rs 5000 crore corpus. The point is that it is difficulto for a new fund to deploy that money but for a fund which is already deployed the negativity of a higher corpus diminishes.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 23/Dec/2007 at 10:10am |
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Sectoral Funds have done extremely well. Rel Diversified Power, JM Basic Fund, Rel Banking, UTI Banking, Rel Media & Ent Fund. The point is one have discover which sector will do well. As usual Media and Banking will continue to do well.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 24/Dec/2007 at 2:18pm |
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which would be the best tax saving fund to invest in as fin yr is drawing to a close
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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johnnybravo
Senior Member
Joined: 17/Jan/2007
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Posts: 533
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Posted: 24/Dec/2007 at 3:17pm |
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anything but Pru-ICICI Tax plan. The scheme has severely underperformed. In an ELSS, fund Managers are actually given more flexibility since there is a lock-in period involved - so there is less liquidity pressure. But rarely do fund Managers use this advantage.
In fact they think that ek baar customer lock ho gaya, matlab 3 saal tak atka rahega - hence they become complacent.
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