When we see HDFC top 200 fund from 10/06/2006 to 10/28/2011 for an SIP of 5000 Per month Total Amount Invested (Rs)=300000 and Units bought is 2183.24 Whose Value is 432652. ie an absolute gain of 44% while CAGR is JUST 8.8% PA..While the fund claims 17.6 % ...Since they calculate this from 10/06/2006 NAV of 100.91 and 10/28/2011 NAV of 198.17 only which gives 96.57 Absolute growth and this divided by 5.0 give BIG 19% . SIP was done on 1st of each month or the next day....SO SIP returns do not match since we do not buy on day 1 and see on last day...Their calculation is misleading people ...Why the heck we need to invest for 8.85% gain in Equity ...am i missing something here.....
Re: MUTUAL FUNDS
by ANAND B on Jun 29, 2011 10:46 AM
Reliance Pharma and Banking are 'Thematic Funds' perhaps why this was not considered (this is my personal favourite too!).
SIP is the biggest fraud of all times..we minor investors will keep burning ourselves before it is too late.. The only rule to earn big is buy low and sale high. but there is a distance of heaven and earth in between LOW and HIGH and we all are stuck in that maze looking for salvation...
Re: Friends
by mahesh thakur on Jun 29, 2011 09:24 AM
I have been investing in SIP for last five years and believe me. I havent earned a single penny out of that even after investing more than five lac rupees. All good things like this advice come for free but its upto you to take or buy the sales agents LIES who earn out of spreading confusion
Re: Re: Friends
by ANAND B on Jun 29, 2011 10:34 AM
Mahesh - Hvae you invested in any of the funds above? I doubt. A SIP is only as good as the fund behind it. If you selection of MF is flawed and you put money after money in it your returns will be low.
Re: Re: Friends
by Joel martins on Jun 29, 2011 10:35 AM
Each one has his/her own views. But mine is positive. I have invested around Rs. 6.0L comprising of 5 diversified funds (3 bluechip, 1 mid cap and 1 debt fund)in last 5 years and my current value is around 9.3 L. So I am making profit. May be you have chosen bad funds or it is that I am just kucky.
Re: Re: Re: Friends
by Manas Deybiswas on Jun 29, 2011 11:50 AM
I just open a HDFC Tax Saver-growth (SIP) @ RS.5000/- per month scheme w.e.f. Aug.2010. Please tell me what is the future of this Fund?
Re: Re: Re: Friends
by Manas Deybiswas on Jun 29, 2011 11:51 AM
I just open a HDFC Tax Saver-growth (SIP) @ RS.5000/- per month scheme w.e.f. Aug.2010. Please tell me what is the future of this Fund?
Re: Re: Re: Friends
by Manas Deybiswas on Jun 29, 2011 11:51 AM
I just open a HDFC Tax Saver-growth (SIP) @ RS.5000/- per month scheme w.e.f. Aug.2010. Please tell me what is the future of this Fund?
Re: Re: Friends
by Prabodh Bandivadekar on Nov 21, 2012 10:15 PM
Hi, You must have chosen wrong fund house and wrong fund sector. Otherwise it is impossible for loss over the period of 05 years if SIP made
Re: Friends
by anuj ram on Jun 29, 2011 11:09 AM
SIP investment depends on your luck, as purchases will be made on a particular date all the time. Incase market is up that day, you end up paying more. However, if its down, you get more units. Apart from this, SIP is no different than the normal fund
Good article, however people have their own favourite list of funds. In my opinion, one highlight of this industry is the way Prashant Jain has been performing and performing consistently irrespective of the AUM size..He will be long remembered and deserves a place in the fund managers' hall of fame (if there is one)
Re: Good Stuff
by Atanu Chatterjee on Jun 28, 2011 07:39 PM
I agree. Hopefully Prasant Jain doesn't follow the path of Sandeeb Sabhrawal, who used to be star fun manager till 2008 crash.
perfect example of paid news... no mention of the reliance amc funds... best fund to invest now is the reliance banking fund and if one need to take the contrarian call then best to invest in the tata or reliance infrastructure fund... higher risk appetite personnel can invest in the m50 or m100 etf managed by motilaloswal... one need to expect 20% CAGR for successful investment
This is a good article which gives an insight into the good Mutual funds. Am actually contemplating upon SIP for the last 1 week and yes this article had given me some ideas.
This is a good article which gives an insight into the good Mutual funds. Am actually contemplating upon SIP for the last 1 week and yes this article had given me some ideas.
