What Are You Waiting For?

Do you own any mutual funds? In an IRA or 401K or wherever. Privately or at work.

Have you called your fund manager to find out what is going on with your fund? Are they under investigation for late trading, improper pricing, deviation from length of sales defined in the prospectus or stale trading? Are my questions too hard?

Please don't be confused. It seems that most fund owners haven't done anything. There is a serous bout of complacency going around. Forget the flu; this is going to affect your pocketbook. Oh well, it's your money and if you don't care if some crook in a suit with a manicure is handling it then that is your loss.

Now we find out that even those foreign funds have bandits for managers. The British mutual fund industry called unit investment trusts has been doing almost the same thing as our home-grown thieves. It seems the little investor has his wrists tied to his ankles all over the world. The regulatory agencies such as the SEC (Securities and Exchange Commission) have NOT been doing their job. If you have questions about your funds you can call them in Washington at 202-942-8088. They must tell you as this is public information.

The late trading scandal hit first and has been misnamed as market timing. Late trading is illegal whereas market timing is legitimate. Late trading allows order entry at today's price as long as 3 hours after the market has closed. During that 3 hours news of financial importance regarding stocks in a particular fund could be affected by legal decisions, profit pronouncements, etc.,etc. That news could make the fund go up 2% to 5% the next day when the late trade is then offset taking a disproportionate amount of profits from the regular fund holders. That does not sound like much, but when you are dealing with big numbers it is plenty. What is nice for the crook is there is almost no risk.

In many funds there are classes such A, B, C and other strange letters. These have to do with how much and when the commission is charged. If you put in $25,000 or more you are supposed to get a better price, but many funds have been charging more.

In the prospectus it may say you are required to hold a fund for X numbers of days or pay an extra amount called a redemption fee. Their friends, the big money folks, have not been so charged.

Stale trading is the new one. It seems the buy or sell orders are not entered on the day they were placed, but done so at a more favorable time to allow for a better profit.

These practices and ones not yet reported and those I have not heard of are stealing money from your account. What are you waiting for?

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

In The News:

MF shopping list: Top 30 stocks that fund managers bought & sold in June  MoneycontrolMutual funds increased allocation to private banks, consumer, utilities, technology, NBFCs, retail, metals and PSU bank stocks in June, an ICICIdirect report said.
Mutual funds’ exposure to this space at all-time high; should you buy?  Economic TimesMoney managers on Dalal Street continued to shower affection on private banks for the ninth successive month as their exposure hit 19.90 per cent in June, ...
Top 25 equity mutual funds failed to deliver positive returns in June  Economic TimesNEW DELHI: Top 25 mutual fund schemes, managing retail money in excess of $1 billion (Rs 7,000 crore) each, failed to deliver positive returns in June.
What India's three largest mutual funds bought and sold in June  LivemintInflows into Indian equity mutual funds jumped the most in three months in June.India's top money manager HDFC Mutual Fund held $22 billion in equities.
10-yr data suggests mid & small-cap indices may see double-digit rally this year  MoneycontrolA double-digit rally in broader markets could be in the offing in 2019 if historical precedences are taken into account. Twice in the last 10 years, mid and ...
Kotak Emerging Equity Fund: Fund review  Economic TimesThe time-tested adage says that long-term investors always gain when they buy into good stocks when markets are falling.
Equity mutual fund inflows hit seven month high in June despite volatile stock market; key things to know  The Financial ExpressThe equity mutual inflows touched a *fresh* seven-month high in June despite heightened volatility in the stock market.
Stability, fundamental strength guide MFs’ stock picks in June  Economic TimesFor fund managers committing money in June, the guiding principle was mere survival through stable returns. Given the uncertainty in demand and few signs of ...
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Private banks' share in MF holdings nears 20 per cent  Financial ChronicleFunds resume buying of small-cap & mid-cap stocks.
Fidelity Steps Up Vanguard Fee War With Low-Cost Index Funds  BloombergFidelity Investments is stepping up its rivalry with Vanguard Group by launching five new index mutual funds with expense ratios it says are lower than the ...
Mirae Asset MF positive on financials, OMCs, pharma shares for investments  MoneycontrolDecent earnings momentum and reasonable market valuations have made Mirae Asset Mutual Fund positive on the financial sector, oil marketing companies ...
ITR filing charges: Know charges for filing Income Tax Return  MoneycontrolFiling ITR is the most essential duty of a citizen. Click here to know the charges for filing income tax return at Moneycontrol.
MF portfolio doctor: Babji needs to exit direct investments in stocks, take mutual funds route  Economic TimesThe Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals.
When to Choose Between Mutual Funds vs. Stocks  U.S. News & World ReportUnlike stocks, mutual funds offer built-in diversification and combine buckets of money for people to invest in stocks and bonds and are often recommended by ...
India's top broker shifts focus to mid, small cap funds as prices decline  LivemintDomestic investors in mid-and small-cap stocks pumped ₹27 billion into the nation's equities last month.HDFC Securities has joined a growing chorus to invest ...
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Here are top 10 large, mid & small-cap stocks that MFs bought and sold in May  MoneycontrolAmong largecaps, Vodafone Idea, DLF, Bharti Airtel, HDFC Life Insurance and Piramal Enterprises witnessed highest buying during May 2019.
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5 Best-Performing Aggressive Growth Mutual Funds of 2019 So Far  Yahoo FinanceInvestors willing to take risks could find aggressive growth funds lucrative, as equities hit new highs and Fed strongly indicates a rate cut.
Mutual funds’ midcap bets rising cautiously; smallcaps still a no-no  Economic TimesNifty Midcap 100 has shed 16% since February 2018 while Nifty Smallcap100 tanked 30%.
At least 9 Indian mutual funds have more than doubled investors' money in the last one year-- two of them mult  Business Insider IndiaIndian markets have had a volatile one year with Nifty clocking gains of about 10% in the one year ending June 30, 2019.However, mutual funds have ...
Lenders to DHFL ready for haircut in rescue - sources  Economic TimesMUMBAI: Lenders to India's Dewan Housing Finance Ltd (DHFL) are ready to accept limited haircuts in a restructuring plan being worked out for the troubled ...
Bar on mutual funds to give stock dividend  The Daily StarThe stockmarket regulator yesterday came up with the decision of barring the open-end and closed-end mutual funds from providing any return on unit (a form of ...
3 stocks that can make you money despite a trade war or recession  MarketWatchBrian Beitner of Chautauqua Capital Management names three companies he believes can easily navigate rough waters.
'We’ll only launch funds in categories we would invest our own money in'  LivemintPPFAS Mutual Fund CFO Rajeev Thakkar talks about the fund house's investing philosophy and why garnering assets under management (AUM) is not its ...
Mutual funds wrap: Based on benefits — Can CPSE ETFs be game changer towards low risk ELSS funds?  MoneycontrolIn the last one year, the CPSE ETF has delivered a return of 11.69 percent, while in the last three years, the scheme delivered 9.19 percent.
Local mutual funds’ global bets disappoint on returns charts  Economic TimesInternational schemes of domestic mutual funds mostly held stocks of global companies that have been underperformers. Cognizant, Alphabet, Facebook and ...
Fall in HDFC MF stock could be opportunity to buy: Analysts  Economic TimesHDFC Asset Management shares plunged 6.3 per cent on Tuesday — the highest single-day fall in nine months — as investors slammed the mutual fund's ...
Credit crunch is boom time for securitisation business  Economic TimesSecuritisation has become the tool to transform illiquid assets into tradeable securities.
Mid, small caps offer opportunities, but hold stocks for at least a year  Business StandardAs market pundits had predicted, the stock market rally has become broader after the Lok Sabha elections ushered in a stable government. And the positive ...
Best mutual fund scheme for a moderate equity investor  Economic TimesIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
India's hedge funds threatened by higher taxes  Economic TimesDomestic hedge funds have taken seven years to reach $6 billion in investment commitments.
Nothing is permanent in the stock market so don't let your emotions ride it  Economic TimesBy Dhirendra Kumar Over the past year, it's been hard to talk to an equity analyst or trader without getting an earful about the poor performance of mid-and ...
Best Mutual Funds: This Baron Fund Seeks Unique Stocks  Investor's Business DailyAlex Umansky does not focus on macro market questions. Instead, he focuses on finding stocks that make his portfolio one of the best mutual funds.
Debt-laden DHFL gets Sebi approval to exit mutual fund business  Economic TimesDebt-laden Dewan Housing Finance Corporation (DHFL) on Wednesday said it has received the Securities and Exchange Board of India's (Sebi) approval to ...
ITR Filing: From mutual funds to FDs, here’s how income from your favourite investments is taxed  The Financial ExpressFiling income tax return? Here's a ready reckoner about how returns on investments made in shares, mutual funds, FDs, gold and real estate are taxed.
Should I invest in Mirae Asset Emerging Bluechip Fund?  Economic TimesIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Best Mutual Funds: This MainStay Fund Bets On 3 Types Of Growth Stocks  Investor's Business DailyMainStay Large Cap Growth Fund is one of the best mutual funds. Its managers know where they like to look for growth stocks — and where not to bother.
AMFI classification: These 6 stocks can move to largecaps; what should you do?  MoneycontrolMidcaps are in a better position to deliver strong returns in the long run. Hence, investors can look at a portfolio of quality mid and largecaps, experts said.
NFO: ESG Equity Fund from Quantum Mutual Fund is open: Should you invest?  The Financial ExpressThe selection of stocks within the 'ESG Equity Fund's portfolio will be restricted to only those stocks which meet the criteria of Environment, Social and ...
Why long-term equity investors should not invest in PSU stocks  Economic TimesLong-term equity investors have earned decent returns over the past 10 years. The Sensex rose from 14,765 to 39,592 during the past decade, generating an ...
A diversified mutual fund portfolio for a moderate investor  Economic TimesI am a beginner in mutual funds. I want your review on my portfolio. I have invested in these two funds: 1. Mirae Asset Emerging Bluechip Fund (SIP of Rs 1,000)
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Best Mutual Funds: Microsoft, Facebook, 29 More Stocks Receive Over $100 Million Each  Investor's Business DailyIn the latest list of new buys by the best mutual funds, Microsoft, Facebook, Starbucks, and Costco each received over $100 million in new investments.
Are Tech Stocks Nearing Another Bubble Burst?  Yahoo FinanceForgive me if today's stock market makes me feel a bit like Rip Van Winkle. Maybe, like Rip, I've been asleep since early 2000, which marked the peak of one of ...
Some pockets in mid, small caps have turned attractive, S Naren of ICICI Pru Mutual Fund  Economic TimesWe spoke to to S Naren, ED & CIO, ICICI Prudential Mutual Fund, to find out what is in store for mutual fund investors.
“We run Kotak Standard Multicap Fund with a large cap tilt,” says Harsha Upadhyaya, CIO – equity, Kotak AMC  Economic TimesKotak Standard Multicap Fund is the largest fund in the equity mutual fund universe, with assets worth Rs 26,010 crore. The scheme has significantly ...
How Quantum Mutual is tackling ESG investing  BusinessLineESG, not a choice but a necessity, says chief Chirag Mehta.
Nimesh Shah on two trends to look for in the next 10 years  Economic TimesThere are two long term trends in India; one, the private sector banks with a good liability franchisee and the pharma trend, the healthcare segment of India, says ...
Only NBFC fix can remove mutual fund risk; Sebi whip alone won’t do  Economic TimesCapital markets regulator Sebi's attempt to improve prudential regulation that includes tighter investment rules for debt mutual funds and stricter disclosure for ...
Is Glenmede Large Cap Core Portfolio (GTLOX) a Strong Mutual Fund Pick Right Now?  NasdaqIf investors are looking at the Large Cap Growth fund category, make sure to pass over Glenmede Large Cap Core Portfolio (GTLOX). GTLOX has a Zacks.
Biggest Amazon Prime buy of all may start the day after the sale ends  CNBCAmazon Prime Day is expected to set a new sales record for the online retail giant, bringing in close to $6 billion this week, but another big Amazon buy starts ...
Beware! Exotic funds are a $40 billion time bomb ticking on D-Street  Economic TimesNothing grows this fast in finance without storing up trouble for the future.
'It's time to take your money out of stocks': India's top insurer to investors  Livemint'It's time to take some money out of equities because valuations are looking stretched,' Gopikrishna Shenoy, SBI Life Insurance.SBI Life expects earnings at ...
India to witness launch of second ESG Fund from MF industry  MoneycontrolQuantum Mutual Fund will launch Quantum India ESG (Environment, Social and Governance) Equity Fund on June 21, which will remain open until July 5.
The 5 Best Investment Strategies In A Volatile Market  ForbesThe S&P 500 is hanging right around 2850. In late January, 2018, it hit a then closing peak of 2872. In the 17 months since it's struggled a couple of times to eke ...
An HNI fund that returned 20% in a bad year shows how to survive a down market  Economic TimesNew Delhi: Amid concerns over deteriorating corporate governance, falling accounting standards and a selloff in stocks across the board, a bunch of stocks ...
HDFC MF to buy Rs 500-crore NCDs of Essel Group from its debt schemes  Economic TimesHDFC Mutual Fund has decided to buy Rs 500 crore worth of Non-Convertible Debentures (NCDs) of the Essel Group from the debt schemes that have ...
Following Stock Trades And Mattress Sales, Real Estate Investing Goes Digital  ForbesAs Americans' confidence in online financial services grows, crowdfunded commercial real estate investing is finding its stride.
Aggressive portfolio: IIFL picks 13 stocks for long term capital appreciation  MoneycontrolGiven the way mid and smallcaps have tanked in the last two years, it is wiser to allocate the majority of portfolio weights towards largecaps and the rest in ...
Stocks in the news: RCom, ICICI Bank, HDFC AMC, Jaiprakash Associates and Jet Airways  Economic TimesHere are a few stocks which may buzz the most in Tuesday's trade.
Closing bell: Indices snap 4-day losing streak, Sensex gains 85 pts; banks, IT stocks lead  Moneycontrol.comThe sectoral trend was mixed with Private Banks and IT gaining. The broader markets underperformed frontliners.
Real Estate vs. Stock Investing: Which Is Right for You?  The Motley FoolBetween stocks and real estate, one asset class is likely to offer more reliable cash flow and passive income -- and a higher rate of return, too.
When To Withdraw Your Money From Mutual Funds?  GoodreturnsWhile most analysts suggest to invest in mutual funds for the long term, its really also about timing, which enables you make money.
Q2 Earnings Preview: See 16 Stocks Expecting 50% To 550% Growth  Investor's Business DailyAs some of the fastest-growing companies get ready to report their latest quarterly performance, it's time to build your Q2 earnings season ation plan. Here's a ...
Anil Ambani, world’s sixth richest in 2008, falls out of billionaire club  Economic TimesTotal m-cap of six Anil Dhirubhai Ambani Group firms has dropped to Rs 6196 crore.
Here are the mutual fund favourites in April  MoneycontrolMaximum month-on-month change in value was seen in TCS, ICICI Bank and Kotak Mahindra Bank.
Is your mutual fund buying or selling stocks too much?  LivemintA turnover ratio measures the extent to which a fund manager churns her portfolio.If the portfolio turnover is greater than 100%, that typically means that the fund ...
What India's top three mutual funds bought and sold in March  Economic TimesIndias largest money manager held 1.5 trillion rupees in equities.
5 Top-of-the-Line T. Rowe Price Mutual Funds  Kiplinger's Personal FinanceT. Rowe Price mutual funds are a rarity in that they have found success across a wide range of strategies. Here are five of their best offerings.
Should you invest in international mutual funds?  LivemintIf you were to sort all equity mutual funds available for retail investment by their one-year performance, international funds would come on top. The best ...
Consider investing in direct stocks only if you can monitor portfolio proactively  LivemintDirect stocks can be considered if you have the ability to do research to identify the stocks to be bought as well as to be sold.You should be revisiting your ...
Govt increases limit to disclose investment in stocks, mutual funds for employees  Moneycontrol.com*Service* rules say no government servant shall speculate in any stock, share or other investment.
Here's a look at the mutual fund favourites in May  MoneycontrolThe second month of FY19-20 saw a notable change in the sector and stock allocation from the top 20 mutual fund houses. On a month-on-month basis, MFs ...
MF holdings of auto stocks at record low: Motilal Oswal study  BusinessLineMutual funds' holdings of auto sector stocks stood at a record low in April, finds a study by broking house Motilal Oswal Securities. The weightage of the auto ...
What India's top three mutual funds bought and sold in May  LivemintInflows into Indian equity mutual funds in May rebounded from the smallest in 31 months as Prime Minister Narendra Modi's comfortable electoral win spurred ...
What top mutual funds bought and sold last month  LivemintMumbai: Inflows into Indian equity mutual funds in January were the smallest in two years as heightened market volatility and political uncertainty cooled ...
A young investor’s guide to mutual funds  Economic TimesMany young investors, who are barely a year or two old in their career, are eager to start investing in mutual funds. ETMutualFunds.com receive many queries on ...
Equity funds record highest ever exposure in banking stocks in March 2019  Business TodayAs per the latest data available from the SEBI, overall deployment of equity funds in bank stocks grew around 52 per cent year-on-year (y-o-y) in the month ...
Mutual funds bet big on these 30 stocks in November; do you own any?  Moneycontrol.comThe Indian equity market rose about 5 percent in November but what was more heartening to see was inflows into mutual funds. Investors pumped Rs 1.4 lakh ...
Here are a few mutual funds that stocked up on YES Bank in Q4FY19  Business StandardShares of YES Bank tanked 30 per cent in trade on Tuesday, after the bank reported a massive Rs 1,507 crore loss in the fourth quarter of financial year 2018-19 ...
Index mutual funds see 60% jump in assets in a year as actively managed funds struggle  Economic TimesIndex mutual funds — a category that aims to mimic returns of benchmarks, like Nifty or Sensex — have seen their assets surge 60% over the past one year as ...
How concentrated is your mutual fund portfolio?  LivemintA concentrated portfolio can backfire badly if the fund manager's strategy goes wrong.A portfolio with few stocks can fall sharply if share prices of most stocks in ...
Flows into mutual funds revive in May as Modi win seems to spur risk demand  LivemintFlows into Indian equity mutual funds in May rebounded from the smallest in 31 months as Prime Minister Narendra Modi's comfortable electoral win spurred ...
Actively-managed large cap mutual funds poised for a comeback  Economic TimesDefying predictions of their imminent irrelevance, some actively-managed large cap mutual fund schemes have bounced back to the top of the return chart.
Should you invest in algorithm-based quant mutual funds?  Economic TimesQuant funds work on a data-driven model that relies on a mix of parameters and algorithms to identify the right stocks at the right time. But can they beat actively ...
How income from stocks and mutual funds are taxed for an individual  Moneycontrol.comCapital gains from transfer of unlisted share are considered as STCG where period of holding is less than or equal to 24 months, and LTCG when holding period ...
Mutual funds or direct equity investment – which is better?  Economic TimesOne big question that often dogs investors is which investing option should they opt for: mutual fund or direct equity? Katalyst Wealth's Ekansh Mittal ends your ...
7 stocks most favoured by mutual funds over last one year  Economic TimesAs the markets hit a speed bump, stocks favoured by mutual funds appear to be safer bets.
Mutual funds sell several blue chips stocks, buy mid-caps in March  Business StandardDomestic money managers were seen pruning their holdings in several blue-chip stocks, including Reliance Industries (RIL) and Housing Development Finance ...
Stick to MFs if you lack knowledge on stocks  LivemintWhile equity is surely the way going forward considering your age and the financial goals, how you buy in equity is important.Direct stocks work very well if done ...
The dangers of high mutual fund inflows  LivemintMutual funds have put ₹2.4 trillion into markets in the last two years.Equity mutual funds receive ₹8000 crore monthly through SIPs.
First-time investors can look at these mutual funds for long term  Economic TimesInvestors, who were waiting on the sidelines for the uncertainty to recede, are now looking to deploy their cash. But, valuations remain steep.
Investment limits Sebi prescribes for mutual funds  LivemintIn case of unrated debt instruments, a mutual fund cannot invest more than 10% of the portfolio in a single issuer and 25% in all such securities.In case of listed ...
I want to invest Rs 1 crore in stocks and mutual funds for 5 years. How should I invest?  Economic TimesYou may consider the following asset allocation: 40% in large-caps; 40% in large and mid-cap, or multi-caps; and remaining 20% in mid- and small-cap funds.
Will these mutual funds help me to create Rs 8 crore?  Economic TimesIf you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
What top 5 money managers bought and sold in February  Economic TimesFebruary was the fourth consecutive month of decline in net investment into equity mutual funds.
Here’s a better tool to judge mutual fund performance than simple 1-year, 3-year returns  Economic TimesOne invests in mutual funds to earn potentially higher returns than those in traditional investment products, and I'm sure everyone looks at the one-year, ...
Top 8 most common mutual fund investing mistakes and how to avoid them  Business StandardMutual funds garnered Rs 8,022 crore of its assets by way of SIPs in December 2018, 29 per cent higher than the previous year | Illustration: Binay Sinha ...

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