In your interest.
Online Personal Finance Magazine
No beating about the bush.
“There was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it.” – Paul Samuelson, Economist
In the US, a typical mutual fund churns over its entire portfolio at least once every year and owns 160 stocks. In India, the size of an average portfolio is smaller but churning is more...