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Opinions expressed here are entirely my own and do not reflect the position of my employer or any other entity. The views and opinions expressed by visitors to this blog are theirs and do not necessarily reflect mine.
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Mutual Fund NAVs are often confused by new as well as old investors. Mutual Fund Agent to Client: “The New Fund Offer (NFO) is priced at Rs. 10/-. It is Cheap! Buy! Buy! Buy!” Mutual Fund Investor: “Is it advisable to buy mutual funds with a high NAV?” “Mutual Fund ABC has a high NAV of around [...] ICICIDirect is know for it’s shady practices. They are at it again with the SEBI ruling on Mutual Fund Entry Loads which comes in to effect today (August 1, 2009). I will show you how they are out to confuse people and how their entire approach is crafted to benefit the rich customers at the [...] Sandip Sabhawarl, a IIT Delhi graduate, won kudos with his management of SBI’s Mutual Funds, particularly the Magnum Contra and similar funds. Then came the Ketan Parekh and Padmini Technologies stock purchase from Triumph International. Sandip left SBI under a cloud and joined JM Financial Asset Management. The Mutual Fund industry and press reacted with [...] Starting April 1, 2008, Mutual Funds can no longer charge entry & exit loads for Bonus & Dividend Reinvestments. SEBI issued a new circular on March 18, 2008 to this effect. This move is based on recommendations from AMFI’s Working Group on Standardization of Key Operational Areas. This is a welcome move. Dividends and Bonus are [...] CAMS has done it again. Or rather the chapies who man the Hyderabad / Secunderabad CAMS office have. And this time I have had enough. I will follow the process, write to customer support etc but I will also use their “Email the CEO” thing and keep my fingers crossed. Last Saturday, March 15 2008, I [...] |
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