Underperformance due to poor timing is greater in load funds and funds with relatively large risk-adjusted returns.The culprit is our tendency to chase returns. We buy a fund after it has delivered good returns and sell after it delivers bad returns, precisely the behaviour we should avoid. This is what leads to a behaviour gap in our returns.
The Competition Commission of India has approved the acquisition of Essel Mutual Fund by BAC Acquisitions Pvt Ltd. In a statement, the CCI stated that it has given approval for the acquisition under the 'green channel' route. BAC is a private company founded by Sachin Bansal.
Aditya Birla Sun Life Mutual Fund has announced the appointment of Gopalaraman Padmanabhan as an independent director on the board of Aditya Birla Sun Life Trustee Private Limited, with effect from October 7, 2019.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more