Aug 17, 2012 01:48 PM
8628 Views
I had invested a considerable amount in 2010 in ING India BSE 200 Quant portfolio.At the time of sales that had given rosy picture about its performance against many other mutual funds.Now since 2 years I have never seen it performing even at par to its competition.My current portfolio is 24% below my invested amount and the company statement says it is only -10.62%.
My concern is not the negative return as in stock market I have seen many up & down.The problem is they are not giving the true picture to the investor and moreover they are calculating the return before they deduct the expenses.how absurd can it be. If an investor invested in similar mutual fund such as HDFC Top 200 or ICICI Focus fund, the loss would have been much less.
My advice is stay away from ING PMS.
