Financial Advisement Animated Conversation
Budget: ₹12,500 – ₹37,500 INR
This is a conversation between a son and his industrialist father on their family's investment and apparent lack of depth noticed in father's approach.
Son queries his dad on family investments.
1. Why you chose MFs over equities? Dad replies: Easy to remember and track. Managed by expert fund managers. Don’t disappear overnight. Quite inexpensive as we don’t pay any fee to Fund manager. These fund managers get inside information on stocks, being large in size.
2. Son retorts: OMG. You seem to have got everything wrong Daddy. Look at this. Shows Vivekam report. We may have only 7 schemes but indirectly holding 511 stocks. Are you aware that the average experience of most fund managers in India is less than 3 years? They don’t disappear overnight is correct but seldom sparkle is the other side of the coin. And, we are incurring an expense of 74,411 per year on our MF investments. There are instances of inside information used against our interest like one popular bank backed MF had it’s team misuse information on MF transactions and personally benefited by front running.
Son queries his dad on family investments.
1. Why you chose MFs over equities? Dad replies: Easy to remember and track. Managed by expert fund managers. Don’t disappear overnight. Quite inexpensive as we don’t pay any fee to Fund manager. These fund managers get inside information on stocks, being large in size.
2. Son retorts: OMG. You seem to have got everything wrong Daddy. Look at this. Shows Vivekam report. We may have only 7 schemes but indirectly holding 511 stocks. Are you aware that the average experience of most fund managers in India is less than 3 years? They don’t disappear overnight is correct but seldom sparkle is the other side of the coin. And, we are incurring an expense of 74,411 per year on our MF investments. There are instances of inside information used against our interest like one popular bank backed MF had it’s team misuse information on MF transactions and personally benefited by front running.