26 Apr 2010, 11:02
what is the future of JM BASIC FUND????

26 Apr 2010, 11:38
Dr. David Costa's reply:
Hello and thank you for your question. I don't have substantial experience with Indian fund - nor I have the power to forecast the future - but I managed to find some information for you.

According to Morningstar

both funds in that family did underperform other funds in the same category. You might want to check on Morningstar if there are other funds in the same category that might fit well in your portfolio.

Secondly you should check the monthly reports of the fund and decide if their holdings and strategy is in line with yours.

Last but not least you should really do some comparison work with other funds and providers and only then you can draw some conclusions about the past - that is not a good indicator about the future but it is the only data we have.

Another interesting point: as you can see the fund (like the market) had a very good 2009 but is experiencing some correction in 2010. If you need more information feel free to post a more detailed question.