Not speaking specifically about Trust AMC or Mihir because i don’t know them enough to provide any meaningful insights but I feel this is where blindly following an AMC or a mutual fund scheme based on a ‘star’ fund manager/CIO is dangerous in the long term.
The legacy, values, systems and processes and the broader team of an AMC count for much more than a fund manager/CIO who can leave at any time(Key man risk)
It’s better to stick with an AMC with great integrity, has a long proven track record across market cycles, has robust processes and a good team of professionals which stick to the investment mandates outlined for the respective schemes
Thanks for your insights, I lately realised this we should focus on AMC not based on Fundmanger.
If thats the case backend team from the Trust AMC is worse Still i invested based on Mihir bcz he was sound in macroeconomics. I used to watch his interview in NDTV profit.
I have seen this kind of arrogant Team in Motilal or JM AMC. SO actually, i thought to share this, and no one will invest in their AMC…
Yes, this is the most important aspect of Mutual Fund Investment. It is better to follow this principle through out and do not invest in any newly launched Funds or AMC(s) unless you have deep understanding of their process and integrity.
Many investors make the mistake of investing in New AMC(s) and Newly launched Funds, only to realize their mistakes after few years and then streamline their process. It is better to do this due diligence in the beginning itself.
Also, do not choose funds based on latest performance but understand their core investment process and philosophy and stick to it for a very long period unless it is performing very very badly.
The Entry and Exit in the fund decides your XIRR/CAGR which could be different from many other investors so always look at your own XIRR/CAGR and do not judge its performance based on XIRR/CAGR published on the web sites.
e.g. Kotak Flexi cap fund is not performing on par with some other funds, but my Kotak Flexi cap XIRR is better than all my mutual fund investments due to my entry point which was probably during 2015-16 market correction. So it all depends on your own portfolio performance at the end of the day!! I have not changed my Mutual Funds after 2015-16 and have seen that, mostly they have delivered satisfactory returns over 10+ years. I only book partial profits for re-balancing between equity and debt for a specific financial goal.
Also Guys, one common pattern I’m seeing after March Portfolio disclosure.
many AMC are investing just for the sake of investing(approx. 70% funds) This is a serious issues.. Generally this issues occurs when they dont have a ** proper approach or investment Philosophy** This is a worry some…
Many funds are falling yes as a part of correction. But hardly few funds are able to reshuffle their portfolio, rest all are again doing over diversification.
secondly why this much over diversification 80+ stocks what non sense is this, will you be able to generate alpha with this high stock count…
MF is not a charity right they take expense from our investment amount, I have given enough time from October to till March ,
Please invest in right fund Don’t be in Heard mentality, don’t be FOMO…
Yes there are really good funds in market invest there,
I follow https://x.com/_KiranRajput and Ruppevest website to do reasearch about MF.
