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Wonderful insight. I remember the time when first time in mutual fund industry in India,non guaranteed schemes ( except in first year ) were launched. The fund houses were unaware of I.Tax section 48 & 112 ( indexation benefit ) and its implications for investors even though it was mentioned under tax benefits in offer document.Also section 80L was there & it was exhausted by most of HNI,we present & explore this segment in a big way and also doing till today.A big opportunity lies in this segment.
I agree with Alok Kumar Agrawal regarding CAUTION in debt funds too. I will never forget the 2004 year when I had to run around to redeem \ switch from debt funds, due to sudden low returns. SO GET FUNDS IN DEBT , BUT REVIEW THEM WHEN MARKET CIRCUMSTANCES CHANGE.
The article on "think retail debt" by Shri Dhiraj Mittal is very enlightening & convincing. So far we are concentrating on equity funds, gold ETFs & annuities, as retirement solution. We have seen the equity funds giving good dividends and also growth in the high market period and, if, at redemption time the markets are low, there is huge capital loss. I am retiring next year and want to start by my example. I want an income of 10000/- p.m. from debt fund investment. Can u advice me how to go about it?
GOOD ARTICLE
THOSE WHO ARE IN M.F. INDUSTRY FOR MORE THAN 10 YEARS,KNOW THAT DURING 2001-2004, INCOME FUNDS & SHORT TERM FUNDS WERE GIVING BETTER THAN CURRENT RETURNS,AFTER THAT FOR MANY YEARS INCOME FUNDS GAVE AVERAGE 2 TO3% ANNUALIZED RETURNS.SO BE CAUTIOS IN SUGGESTING INCOME FUNDS FOR LONG TERM
IT IS REALLY GOOD TRAININGS TO NEW ADVISORS . THE ARTICALS, BRINGS A NEW HOPE & MOTIVATION TO NEW ADVISORS AND ,EVERY IFA READ N INTROSPECT..
A very nice article indeed, it is the need of the hour and would go a long way in saving the MF industry and definately bring back a lot of confidence in the investors mind. A tactical asset allocation of the investors money with the solidity of debt shall be good for all, the AMCs, the investors and the distributors. Kudos Mr Mittal
very good experience, expressed in a learning way....
Indeed , Debt funds will should play major role in investors portfolio. Dhirajji can you suggest some good debt funds from 3 - 5 years perspective for lumsum investments ?
Have benefited from dhirajjis wisdom all these years.
Great Work.I am really impressed by you Dheeraj Ji
Well said sir. Indeed very informative in showing the ability of a distributor. But fund houses are adopting only use & throw approach towards distributor.
GOOD ARTICALS, & MOTIVATED ,EVERY IFA READ N INTROSPECT..