Yes, totally agree issues with fund managers are super critical here. Good lesson for both investors and AMC companies...
I am not sure why there is no strict action against them other than simply firing from the job... I don't see any FIR or arrest... I feel this will make the situation worse for Axis...
What is the role of SEBI in this? Any idea?
Complete exit is the right thing to do...
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Yes bank didn't go to 0 nor did Franklin Templeton.
There will be people who will remain invested as well thinking this is good time to invest in the fund but we know bad time in shares is good but not in fund.emailsaravanans likes this. -
I agree your point of how deep the problem is. I was thinking about someone who heavily invested in Axis but unable to come out completely. I thought they could only come out of those affected fund for now.
Ideal situation is to come out completely. If everyone does that today, it would be a great lesson for AMCs and also wondering what will be the impact (stock market) if Axis AUM comes to 0. -
Whats your argument to remain invested? -
If this is happening for Axis, it might be happening for others too right?
As you suggested do we really need to get out completely from Axis instead of exiting from those affected funds?shabbir likes this. -
Yes, you should redeem from all Axis Mutual Fund schemes because of the Front-Running Scam and if you want to know why - Keep reading
Continue reading...1sreerajvs likes this. -
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$800 billion gone...! Unbelievable...!
The fact that the broker may not be buying the actual bitcoin is really very scary...!
Very good article...! Thanks for sharing...!shabbir likes this. -
Let me explain the current crypto crash in TerraUSD / Luna in very simple terms and why all cryptocurrencies are in free fall.
Continue reading...1sreerajvs likes this. -
I am not a fan of investing in the IPO, and it is one of the key reasons for me to avoid the LIC IPO. The other two reasons are:
Continue reading...1sreerajvs likes this. -
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Fine Organics has been rocking of late. What is going on in the counter?
I have 100 quantity,wanted to add more, but I think now is not a good time. -
As a retail investor, let me share the dos and don'ts of investing in mutual funds and categorise them for better understanding.
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Let us understand growth, IDCW Reinvestment and Payout options and see which is a better choice for a retail investor
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Do you want to SIP in stock or mutual fund?
SIP is more suited on mutual funds and ETFs -
Hi @shabbir Ji, I wanted to start a SIP for longer-term and even I don't want to look at quarterly results and don't want to look expense ratio, we have any such stock /ETF / Mutual fund ? when I see SIP feeling it's a big trap , when I see SIP performance from 2017-2022 on Britannia its just 10% returns , if in same stock someone invested on 2017 its almost double , what could be the best way for wealth creation with less risk because earnings are limited and already I have lost so much money but from now on I want to reduce risk but I want a good investment bet.please suggest
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Let's say you have invested from a reliable source and found it cheap as well. What happens when stock halves from the point you purchase. Your study will be the sole reason that you will be able to remain invested. Similarly, when you have invested based on study, and stock has doubled or quadrupled, you will have the courage to keep holding. If you rely on reliable sources, you will be tempted to book out for sure.
Finding moat is not easy but it is worth the effort. The reason we have this community is to be able to discuss companies and business and when we do this, everyone benefits.
However, remember, even if someone is able to fill the gap, the important aspect is to let your investment grow 5x, 10x and you can remain invested only if you are doing the research. -
Time and again you are insisting on understanding the business, and customers. Finally the lesson is as you said "Investing is not simple"...
But only problem I have (most might have) is having too many stocks in the portfolio and not having time to spend time understanding the business and customers.
Most importantly I think I am not in a position to decide stocks based on a single strong investment rationale. I think it is very difficult.
Most of the time, we check if the company fundamentals are good, if it is recommended from a reliable source, if it is available cheap, if it is blue chip, if the sector is attractive. I think no where in this process we are applying investment rationale. I think finding ourselves the unique or moat why to invest in a company is very difficult. I don't know how to build that knowledge. May be few people like you and others (including Buffet, Rakesh, etc) are capable of... That is why we are looking upto people like you to fill the gap...
shabbir likes this. -
Understand the 4 key risks for a long-term investor when investing even in the bluest of the blue-chip companies.
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The 19 best sectors for any Indian retail investor to invest in the market from one of the best fund managers in the world - Peter Lynch
Continue reading...