Gentlemen,
RELIGARE PMS had lost 62% of value of its investors during the recent time since march 2008.
It means a guy who parked his funds of 10 laks is left holding worth now at 3.8 laks.
Look what they did.
A buy and hold. nothing else.
To do buy and hold one need not go to Religare, People can do it by themselves. Or They can invest in a SATYAM COMPUTERS.
William O Neal mentions in his records , that if losses are are allowed to go on ,
in front of his eyes he saw about 15 companies disappear in a matter of years as bear markets continued.
He mentions the sole reason is not controlling losses within 7% maximum.
If Religare could allow loss of capital to reach a phenomenal 62%, SHarekhan
is slightly behind in that they lost 40% of capital during same time.
So. in short, the PORTFOLIO MANAGEMENT COMPANIES take your money, buy few blue chips and then go to sleep.
I wish it is time people come forward to report what big ticket portfolio management firms who ask minimum 2.5 crore , how they fared?
A BIRLA SUN, A KOTAK, INDIAINFOLINE, HDFC , ETC.
In a bull market any fund manager can generate returns.
It is in bear markets things show if they are doing anything called management in the true meaning of the term
Let people know the facts.
Irresponsible fund managers
just ignore the safety of funds of their customers.
RELIGARE AND SHAREKHAN BOTH PROVED IT.
May be they follow footsteps of WARREN BUFFET, of course,with a worst selection of investments,unlike him.
In terms of comparison, these can be compared to futures traders who woke up next day after a few laks worth of leading contracts expired worthless.
TRUTH IS BITTER.
please take care.
Rvlv
RELIGARE PMS had lost 62% of value of its investors during the recent time since march 2008.
It means a guy who parked his funds of 10 laks is left holding worth now at 3.8 laks.
Look what they did.
A buy and hold. nothing else.
To do buy and hold one need not go to Religare, People can do it by themselves. Or They can invest in a SATYAM COMPUTERS.
William O Neal mentions in his records , that if losses are are allowed to go on ,
in front of his eyes he saw about 15 companies disappear in a matter of years as bear markets continued.
He mentions the sole reason is not controlling losses within 7% maximum.
If Religare could allow loss of capital to reach a phenomenal 62%, SHarekhan
is slightly behind in that they lost 40% of capital during same time.
So. in short, the PORTFOLIO MANAGEMENT COMPANIES take your money, buy few blue chips and then go to sleep.
I wish it is time people come forward to report what big ticket portfolio management firms who ask minimum 2.5 crore , how they fared?
A BIRLA SUN, A KOTAK, INDIAINFOLINE, HDFC , ETC.
In a bull market any fund manager can generate returns.
It is in bear markets things show if they are doing anything called management in the true meaning of the term
Let people know the facts.
Irresponsible fund managers
just ignore the safety of funds of their customers.
RELIGARE AND SHAREKHAN BOTH PROVED IT.
May be they follow footsteps of WARREN BUFFET, of course,with a worst selection of investments,unlike him.
In terms of comparison, these can be compared to futures traders who woke up next day after a few laks worth of leading contracts expired worthless.
TRUTH IS BITTER.
please take care.
Rvlv
