Dear Sir,Mutual funds are benificial to the buyer only when the share market is zooming otherwise people sitting on your money oblize the industrialist oneway or the other and meet out their expenses from your money.Every year they take out normally 4-5 percent of the total fund in the name of expenditure and never try to reduce their expenditure. All mutual fund derectors and managers are drawing fat salaries and allowances arrespective of 'aam admi's'loss. It is better if person pick up some stocks after analyzing the company's result. Be ready with your analysis and list of stocks and buy your self when there is big fall when everybody is cursing sharemarket. one can take help of some one who had been intouch with the market to buy some name of the comanies doing well but certainly verify the facts on any of the web sites like icici, nse .rediff etc and put your extra money in shares for3to4 years as you are putting in any mutual fund , I am sure you will get better return than mutual funds. For the last 3years money spent in mutual funds is much lower than the simple interest we earn in banks.
Re: Mutual Funds
by sarish gali on Jun 13, 2010 02:51 PM
the max expense an AMC can charge for a particular scheme is 2.5%. please read the offer document for details about the expense part.
