Jun 09, 2007 03:46 PM
26876 Views
This site is literally considered to be the God for all mutual fund advisors and mutual fund investors in india and abroad.They are very reliable and honest and unbiased in their analysis.The entire gamut of different classes of mutual funds are covered here right from equity/debt/hybrid/gilt, etc etc.The coverage is wide and they update the relevant data on every fund on a daily basis along with the calculations.The site is carefully prepared and very easy to navigate, very uncluttered front page which also gives loads of information on loads of things.
Few may point out that it is inadequate for informations on stocks, or other investment classes like PPF, NSC, KVP, etc or even bank deposits, but this concept reminds me a story where a man wants to buy a cell phone.he goes to a shop and keeps asking .does it have a camera, how many megapixels?does it have a walkman?does the camera have flash?does it have this?that?etc etc.ultimately the shopkeeper says, that if you want to buy a phone, buy a phone.if you want to buy a camera, buy a camera.dont expect that it will take pictures like the professional Nikon D2X which has 12.4 megapixels and can take pics a@ 5 frames/sec.!
The moral is dont expect everything.its a confirmed Indian Mutual Fund website.not a full investors guidebook!
Saying all that, there are a few places where it can improve.IMO
1)It has a nice personalized portfolio manager.But that manager doesnt always calculate the'fund management charges' or the'entry load' charges.Sometimes it does, but most times it doesnt.That is a fault, because all funds have their charges and they always charges an entry load.so if you dont take this into consideration, when calculating you gains or losses.u come out with erroneous figures.Hope they sort it out.
2)The teachings are not updates regularly.The teachings are mostly for novices.IMO, they should have sections for serious investors as well as pros.
3)In a portfolio, under every funds, theres a section which gives recent relevant stories regarding that particular fund.Here most of the relevant news items are months old.Hope they change it soon too.
4)The 5 star funds and 4 star funds rated by them sometimes do underperform for quite some time, like Magnum Global and Sundaram BNP Paribas Select Midcap fund, over the last 3 months.They should have a process by which they can sort these ones and keep an eye on them and tell us, investors to keep an eye on them as well.
Otherwise for investors in Indian Mutual Funds, the site is simply brilliant and reliable, almost infallible.
