Look behind the scenes of the world’s biggest mutual fund
A nice story of the world’s biggest Mutual Fund – Vanguard’s Total Stock Market Index Fund – and its low profile fund manager – Gerry O’Reilly. He manages the $450 billion fund! Index funds are often...
View ArticleHow Yale runs its endowment fund?
There are two things to endowment fund run by US universities. One is their huge size which is more than size of GDP of several countries. Two, most of the business schools in these univs would be...
View ArticleHow should we classify mutual funds?
Nice story on valuresearch. They say amidst complexity of so many MFs, we need to classify for simplicity and clarity: The first thing to understand about fund classification is that it is almost...
View ArticleSBI Exchange Traded Fund becomes country’s largest mutual fund scheme..
This is a fascinating development and comes sooner than expected. In a recent post, one argued that time for passive/exchange traded funds is about to come. Now, one sees SBI ETF Nifty 50 overtake HDFC...
View ArticleThe churn in Indian Mutual Fund industry: DSP splits from Blackrock
Blackrock recently sold its 40% stake to DSP in their DSP-Blackrock MF joint venture. Both wanted a 100% stake in the business and Blackrock is now in the fray for buying IDFC MF. Dhirendra Kumar...
View ArticleReducing Indian Mutual fund categories from 36 to 4…
Dhirendra Kumar, India’s goto MF person says we need to lower the number of fund categories: The biggest criticism of the new system is that from investors’ perspective, it does not really simplify the...
View ArticleSEBI capping Mutual Fund expenses
One wonders why financial services industry needs to be pushed by regulatory bodies to act in investor’s interests. In the Board meeting y’day, SEBI knocked off a few percentage points from the...
View ArticleFranklin Templeton using nudging for e-voting: Green for Yes, Red for No
Interesting bit from Moneylife. FT India had goofed up its 6 debt funds and asked unitholders to vote for future of the schemes. However, it has used interesting nudging techniques to push voters to...
View ArticleLearning from John Bogle
Saurabh Mukherjea pays tribute (on valueresearch) to John Bogle who created the ETF revolution: Bogle took the efficient-markets theory to heart and was amongst the first executives in the mutual fund...
View ArticleReview of Total Expense Ratio charged by India’s Mutual Funds
SEBI has released a comprehensive report computing Total Expense Ratio (TER) of India’s Mututal Funds. It has also suggested a roadmap to lower TER of the funds. Ujjal Das of Valuresearch online helps...
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