Business Daily from THE HINDU group of publications
Monday, Jul 21, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Monday, Jul 21, 2008 ePaper | Mobile/PDA Version | Audio |
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Mentor
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Mutual Funds Markets - Mutual Funds Columns - For the Asking Sadasiva Iyer, Tiruchi A scheme may say that it is going to mobilise funds and issue units to the investors but investments would be made not in shares in the bourses or in IPOs but in the units of existing mutual fund schemes. This is a variant of diversification. By putting, say, 10 per cent of the funds each in ten different equity schemes of mutual fund houses one can savour the mixed fruit of the efforts of fund managers belonging to all these ten houses. The charge against such schemes is that they are too passive, reducing the mutual fund house to the role of a docile intermediary. S. MURLIDHARAN More Stories on : Mutual Funds | Mutual Funds | For the Asking
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