Investing in Mutual Funds: How Big a Risk?
Fund management is a tough job. While equities are promoted as ‘long-term’ investments, the fund manager is put under pressure by his sales guys for daily, weekly and monthly performance relative to other mutual fund (MF) schemes. As the scheme size keeps increasing, the fund manager runs into problems of size. Each scheme starts to resemble the other. So, his performance boils down to trading...
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