Thursday, May 22, 2008

Fund Manager v/s Fund House

There is no dispute to the fact that Sandeep Sabharwal is one of the best Fund Managers. He single handedly took SBI Mutual Fund to the top when he was at the helm in SBI.
And since the time he joined JM, he has repeated the magic and in fact took some of the schemes ranking from Rank 165 to Rank 1 !!!!!.
And that's one of the reasons I recommend JM Contra to all my clients.
Wadia too is bang on target., that it would not be easy to keep track of the Fund manager and change the fund house, as and when he leaves the fund. It would be quite a chore. But for some gains, some pain is inevitable.
One solution to this could be that you can invest in Fund Houses which do not depend on Star Fund Managers and have an inbuilt System to Analyse and Track Stocks. The Fund Houses which have this kind of system is Birla Sunlife Mutual Fund, Tata Mutual Fund and to some extent DSPML Mutual Fund.
Think it over.............
Best of luck.

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