Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
Posted: 21/Mar/2007 at 4:42pm
Originally posted by BubbleVision
Monu... Old wine in new bottle.. Its another fancy name given to the "returns".
However the Absolute Returns funds are more daring. They Day Trade to generate absolute returns and use high leverage! They trade both sides of the market ... Long or Short!
They are also the most risky because they are always fighting with the market.
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Joined: 20/Oct/2008
Location: India
Online Status: Offline
Posts: 1997
Posted: 10/Mar/2009 at 4:35pm
Originally posted by basant
I am reading this topic again and would recommend all those investors to read this and keep it at the back of their mind the next time they attempt to view a MF portfolio!
See if a MF has to buy Reliance, ONGC, Ranbaxy and Tata Power the w hy should I give my money to it. The point that I am giving my money to a MF is because I expect them to look for undiscovered ideas not tread on the path that is already taken.
Its a good point, i looked at many MF portfolio but all of them invriable holding of large caps (excluding small cap/mid cap MF). HSBC Unique Opp Fund has claimed that they will buy companies which are out of favour and trading at discounted value but this schemes performance looks very dismal since past two yrs.
I wonder whether MF houses understand the fact that they are playing with other people's money.
Missing a train is only painful if you run after it! Not Matching the idea of success others expect from you is only painful if thats what you are seeking.
-- Nassim Nicholas Taleb
Sabharwal told CNBC-TV18,
"The way I would look at the market is that there was too much
skepticism in February-March and we saw that most people were
excessively pessimistic and actually I was very surprised post the
election result that most people who were so pessimistic on the market
suddenly turned optimistic and that became a first sign for me that one
should be slightly careful. The second factor is that the way the
market has moved, they have virtually doubled in a period of three
months and if you look historically, a one year return of the market at
any time period, you have hardly seen any years where the markets have
given more than 100%. So the probability that market will not give a
very high return from where they are today over the next 12 months is
very high.”
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