Mutual funds expenses
The yield in ICICI Prudential Large & Mid Cap Fund - Growth for the last year is negative ,however the Fund is charging an expensive of 1.78 now revised to 1.8, when they cannot create value to the Principal amount ,it is not correct to force customer to under go loss. Rs 10000 invested last year is only Rs 9831.84 today. Is there any guidelines on this, may be the state of other funds is same. more
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In most of the Mutual Funds the value of principle amount invested keeps on reducing.In share Market also it is very difficult to earn some money.At least all these schemes should give equivalent to the bank interest rates.We are unable to understand where one has to invest specially Senior Citizens? more
May 19
You could be buying rice at Rs 70 kg. Why do you pay? What is the break up of this Rs 70? In the last 20 months Mid cap and Small Cap has taken a knock of 25 to 30 %. No fund manager is immune to market volatility. He cannot insulate himself. The ICICI PRUDENTIAL LARGE AND MID Cap fund is a time tested fund. Go through the fact sheet and assess the sticks in the portfolio. If you are an elderly gentleman above the age 70 and your risk appetite is low and you do not have 5 to 7 years in hand to wait and watch please shift to bank FD. more
May 10
The fund is an equity fund; it is natural that it's value should go up and down. Those who cannot understand that should not invest in MFs. It is as simple as that. If you cannot swim, do not jump in the water ! more
May 10
Awesome reply. Salute... more
May 10
Irrespective of the exit, I agree that when the fund is not doing good, there should be a clause that their expenses cannot exceed some %. When they cannot add value to customers, they too should take a hit. more
May 10
You should exit from this fund. I know you've to bear some exit load but at least you'll have peace of mind. more
May 10
