Discussion Board

Make money with close-ended fund


Total 7 messages Pages | 1
dilip
MSGF has outperformed estb. open ended funds
by dilip on Aug 17, 2006 08:35 AM

I have been tracking this fund closely myself.

Over the last one year the fund has out performed established funds like HSBC Equity fund, Birla advantage fund and Franklin Prima fund. Add to that the discount that one can buy it at it definitely presents a great opportunity.

Expectations of speculators in the 1990s were not met mainly beacuse the market fell. As a result they have a closed mind & are biased against the fund.

Today, the fund is performing well & is available at a discount. This should auger well for long term investors.

    Forward  |  Report abuse
Surabhi
Intersting article
by Surabhi on Aug 14, 2006 03:05 PM

The author makes an interesting point of the fund being available at a discount.

I disagree with views of readers that the stock is illiquid & it has performed poorly. The stock is well traded on both stock exchanges and has given better returns that its benchmark since inception.

The critisim by readers is unjustified.

Surabhi

    Forward  |  Report abuse
R. Srinivas
Re
by R. Srinivas on Aug 11, 2006 01:11 PM

Mr. Nadkarni,

I have been in the field for over a decade & disagree with your views. Your views are that of an amateur; which is quite understandable since you are still a student.

To begin with, by marketing the fund neither the fund nor the author will gain anything since it is a close ended fund & will not pay any commission or receive any additional funds.

Second, the stock has traded volumes of 2.26 lakh units on the NSE alone yesterday. It can by no means be considered illiquid. Brokerage costs for buying stocks today are as low as 0.5% and are insignificant compared to the 15% discount.

Also, it has performed better than the market since it was launched in 1994.

None of your points have any substance but to mislead readers.

R. Srinivas




    Forward  |  Report abuse
Narendra Kushwaha
MGSF
by Narendra Kushwaha on Aug 10, 2006 08:38 AM

It is surprising to know that SInce its launch, today its NAV is only Rs. 38.54. Isn't it a bad performer ???

    Forward  |  Report abuse
Total 7 messages Pages: | 1
Write a message