Portfolio check required

[seetharamank]

Ranks within respective groups: (position/total no of funds) [3 yr return]
Magnum taxgain 14/29
Magnum contra 74/191
Magnum global 124/191
magnum midcap 180/191
Mag multi plus 71/191
SBI bluechip 138/191

LICMF Equity 143/191
LICMF Growth 150/191
LICMF India Vision 150/191
LICMF Opportunities 178/191
LICMF Sensex Adv 165/191

Awesome performance I must add.

And you are one hell of a Mutual Fund advisor. :yahoo:



Already 1 in 2 diversified equity MF is underperforming the index. Should we still wait?[/QUOTE]

gentleman the ranking u mentioned is for the last one year if u see for longer period u will see the returns generated by magnam out performs all the mutual funds the worst performance is by foreign funds like franklin amc etc my clients who are with me for more than5 years are happy with the returns they got thro magnam fundhouse only hsbc&franklin clients are some what dissatisfied this is for ur kind information u must refrain from making personal attacks after studying some rubbish ranking system in piecemeal regarding LIC mf i neversais anything i was meaning LIFE insurance not LICMF the private insurance companies my shut the door after tipping our wonderful politicians but LIC cannot do it

 

[seetharamank]

Ranks within respective groups: (position/total no of funds) [3 yr return]
Magnum taxgain 14/29
Magnum contra 74/191
Magnum global 124/191
magnum midcap 180/191
Mag multi plus 71/191
SBI bluechip 138/191

LICMF Equity 143/191
LICMF Growth 150/191
LICMF India Vision 150/191
LICMF Opportunities 178/191
LICMF Sensex Adv 165/191

Awesome performance I must add.

And you are one hell of a Mutual Fund advisor. :yahoo:



Already 1 in 2 diversified equity MF is underperforming the index. Should we still wait?

gentleman the ranking u mentioned is for the last one year if u see for longer period u will see the returns generated by magnam out performs all the mutual funds the worst performance is by foreign funds like franklin amc etc my clients who are with me for more than5 years are happy with the returns they got thro magnam fundhouse only hsbc&franklin clients are some what dissatisfied this is for ur kind information u must refrain from making personal attacks after studying some rubbish ranking system in piecemeal regarding LIC mf i neversais anything i was meaning LIFE insurance not LICMF the private insurance companies my shut the door after tipping our wonderful politicians but LIC cannot do it[/QUOTE]

and u forgot to comment about the banking part of my observation i wonder why

 

[palka]

Those are three year returns, not one year return. Please read a little carefully.
I have not followed some 'rubbish' ranking system, they are ranked by their three year returns.
If your clients are satisfied that is good for you and your clients I would like my funds to perform a little better.

I do not know if nationalised banks are cheaper, as it is impossible for me to understand from your unpunctuated post what you actually mean. Anyway, I use the investment portal of a private bank. My MF investments are free of cost, though brokerage is not the cheapest in the market. Brokerage is not a major consideration for me.
For future posts you may consider using a few punctuations. It would be really helpful.

 

[nikrod]

gentleman the ranking u mentioned is for the last one year if u see for longer period u will see the returns generated by magnam out performs all the mutual funds the worst performance is by foreign funds like franklin amc etc my clients who are with me for more than5 years are happy with the returns they got thro magnam fundhouse only hsbc&franklin clients are some what dissatisfied this is for ur kind information u must refrain from making personal attacks after studying some rubbish ranking system in piecemeal regarding LIC mf i neversais anything i was meaning LIFE insurance not LICMF the private insurance companies my shut the door after tipping our wonderful politicians but LIC cannot do it

SBI Magnum Taxgain WAS a good performer. It's history. Let's look at the returns of magnum tax gain over the year along with rank among tax saving category for that year.

Year - Returns - Rank

2005 - 96.06% - 1/20
2006 - 44.96% - 1/23
2007 - 55.27 - 16/26
2008 - -54.86 - 14/29
2009 - 86.42% - 13/32

It clearly shows one thing, magnum tax gain was a good fund in days of 2005-2006 and later on started performing poorly. Now in 2005-2006, Sandeep Sabarwal was the fund manager and he was one of the most aggressive and one of the best fund managers that time. After he left the SBI MF, performance of mannum Tax gain & Magnum Contra has nothing to cheer about in last 3-4 years.

seetharamank,

An advice to you. Stop recommending magnum tax gain based on it's past performance. It's only past and no performance these days. Would suggest you to study & compare tax savers on parameters like return, beta, sharp ration and alpha for recommendations. Also refer to star ratings by Value Research, Morning Star and other agencies. Cheers