Not funny at all

Contra funds, infrastructure funds, core sector funds, India advantage funds, emerging India funds, mid-cap funds... Ouch!!! Funds of all shades & colours have hit the market & Asset Management Companies (AMC) have left no stone unturned to create a hype. Yet, for the uninitiated, the reality is that the performance of various schemes vis-à-vis benchmarks has been utterly pathetic.

It’s true that the oft en cited Assets Under Management (AUM) figure, used to lure customers into the fold, is by no means a true reflector of the performance of the funds, for it is neither the size nor the sect oral orientation that guarantees better performance. Nevertheless, even the prominently cited AUM figure has seen a drastic dip as compared to initial collections. Many of the schemes have witnessed a staggering 50% drop in their AUM figures since inception.

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Source: IIPM Editorial, 2008

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