In your interest.
Online Personal Finance Magazine
No beating about the bush.
Portfolio management schemes are less tax-efficient than mutual funds, are costlier and not backed bybetter skills
For many of us, a portfolio management scheme (PMS) is something couched in secrecy. No one knows whether people have made or lost money in PMS over a long period. PMS becomes popular in a bull market. As far as we know, in the bear market that followed the last broadbased rally...
Mutual funds underperform their benchmarks most of the time. When the market is sluggish or down, their performance becomes worse. Not surprisingly, 39% of the funds outperformed their benchmarks in the September quarter. Amazingly, three HDFC funds were among the best five and three JM funds were among the worst five. Here is a report.
At the commencement of the September quarter,...
The liquidity crunch and credit crisis that originated in the US have hit global financial markets like a whirlwind. The crisis is only getting worse. As the world tries to grapple with it, one more myth has been shattered. We were told by our policy-makers and corporate leaders that the Indian economy is insulated from the global turmoil. The market is no respecter of such theories. Indian...