tag:blogger.com,1999:blog-32285400.post115605719575186341..comments2023-09-16T20:22:26.125+05:30Comments on Well … and that’s how I feel …: Mutual Fund Investments and the SensexSandeephttp://www.blogger.com/profile/01913911954191656789noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32285400.post-31552438160875938702007-06-24T19:48:00.000+05:302007-06-24T19:48:00.000+05:30Your insight is much appreciated .. thankfully it ...Your insight is much appreciated .. thankfully it made sense to a newbie/layman like myself who feels quite daunted by everything at the mo .. I would definately like to try and learn more before making a final decision .. I was looking at straightforward MF's, but now want to consider and study your option of 'stocks' more seriously first .. but need some clarification.<BR/><BR/>Questions<BR/><BR/>1. Quote: "......you should invest half the money in frontline (Sensex/Nifty) stocks and the other half in Nifty Junior stocks........and forget about it for 4-5 years. You WILL make money!...."<BR/><BR/>Can a newbie like myself really learn how to do this, or does one need a vast experience of the industry first?.. I mean it's only been in the last 2 weeks that I've opened the door to alternative investment and have just started to get my head around what MF's are .. and regarding the stock market I'm still pretty much a blank .. For eg. to give you a gauge of my ignorance, I'm not even clear what Nifty and Nifty Junior is ! .. Are there any websites/forums you could recommend that would be a good read for a beginner, or is the "stock option' a waste of time for such a beginner ?<BR/><BR/>2. I was told that Mf's were miles safer than investing in stocks directly .. and "given' that I can learn about stocks/Nifty etc then my biggest question is how does someone as new to the game as myself, choose the RIGHT stocks for a long term investment ? .. Is it really as simple as it sounds ?<BR/><BR/>3.Quote: "..........also have a suggestion for anyone trying to invest in MF's for the long term. Be your own Funds Manager ....."<BR/><BR/>I don't understand what you mean about be your own MF Manager. For eg. Whats the difference if I fill a form for a SBI Magnum Mutual Fund and submit it to the SBI MF office, or do it through a dermat account? .. I thought that either way I'll be getting the same SBI Magnum Fund? .. Have a missed something ?<BR/><BR/>4. Quote: " If you're a fund manager, you've already set sail with a barrage of reasons .. ok .. may be you DO have a reason .. but hey, isn't there a sucker born every minute !"<BR/><BR/>I have tried asking one company about this: ICICI Prudential re their 'Life time Super' .. as I read in Outlook Money dated 2006 article by Sree Ram R. .. that it underperformed for the last 2 years .. ICICI P either deny underperforming (perhaps it's not the case in 2006 or after etc) .. or they say it's because they are playing really safe .. Or that Money control have a vested interest therefore give a negative report ....? ..?..?<BR/><BR/>What sort of excuses do the MF's give for this underperformance ? .. I want to arm myself better for when I do take it up with them.<BR/><BR/>Also please explain WHY you think they underperform ? .. Is it on purpose ? .. How do they benefit? .. then the 'fraud' will become clear to me.<BR/><BR/><BR/>My Needs and Situation<BR/><BR/>I'm a PIO (Persons of Indian Origin)and have been residing in India fulltime for the last 9 years, (I have left London for good).<BR/>I'm aged 37 have been doing free voluntary work here since. <BR/>I support myself by a regular guaranteed monthly income from my savings which are in Bank FD's.<BR/>I have a few extra lac to invest in MF's or stocks.<BR/>I have no other income now or till death, as I have commited my life to this voluntary work.<BR/>Therefore, I have to be extremely cautious re investment and so am very much like a pensioner in terms of risk.<BR/><BR/>Much obliged............. Anjali<BR/><BR/>email id: sritrinity@yahoo.co.ukAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32285400.post-1163581530070622692006-11-15T14:35:00.000+05:302006-11-15T14:35:00.000+05:30I have already done the same for my funds.Actually...I have already done the same for my funds.Actually Just started with this idea 1 month back.So what are the type of returns you see with this.Anonymousnoreply@blogger.com