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Talk Back

I started investing only recently and am not well versed with the subject. But reading your latest issue on mutual funds (B est Mutual Funds, 23 A ugust) was a great experience. All the articles were superb. Congratulations and keep up the good work.

I started investing only recently and am not well versed with the subject. But reading your latest issue on mutual funds (B est Mutual Funds, 23 A ugust) was a great experience. All the articles were superb. Congratulations and keep up the good work.

Ajay Godbole, e-mail

We are glad you found the stories useful. It was our endeavour to give a comprehensive package that addresses all issues related to mutual funds. Funds can be ranked in several ways. We chose a methodology we thought is most suited to retail investors. There are plans to bring you quarterly updates of our fund analysis. Keep reading for more information.

I have been a subscriber of your magazine for the past six months. Every issue gives readers a lot of insight into investing. I would like to start investing in direct equity. The challenge lies in spotting companies whose value has still not been fully explored. Please advise me on books and websites that explain quantitative analysis tools like price to earning ratio, price/earnings to growth, etc.

Venkat Rajendra, e-mail

Thank you for appreciating our work. Money Today carries a regular Book Review section where we have assessed many personal finance primers. You can access them on our website. In case you are more comfortable surfing for information, we will soon start reviewing financial web pages too. Look out for our forthcoming issues.

The simplicity with which your magazine writes about complex money issues like tax, loans, credit cards, etc, is commendable. Please give us some tips on online trading. Also, I would like to know the implications of exiting an LIC Endowment Plan 2003 October (annual premium about Rs 28,000) and the amount that I will lose. What investment options with the same cost can help redeem some of the loss?

Surajit Mitra, Mumbai

Money Today carried a cover story in May called “Making Money Online”. This included an elaborate section on online trading. You can check out the story on our website. It is difficult to assess the implications of exiting the endowment policy without knowing all the details. However, having completed three full premium paying terms, you can get the policy converted to paid up (cash value). To make up for the loss, invest in mutual funds or in direct equity depending on your risk appetite, income and years to retirement.

I want to compliment the Money Today team on a comprehensive study of mutual funds. It is unfortunate that despite their advantages the number of retail investors in funds is still small.

Akhilesh Kumar Sah, Faizabad

Recent years has seen a spike in the number of mutual fund investors. Hopefully the trend will catch on with more Indian investors.

Corrigendum

Last issue’s Upfront carried a quote by Rajiv Bajaj, MD, Bajaj Capital. But the picture alongside was that of Rajiv Bajaj, MD, Bajaj Auto. In a mutual fund story, Anup Bagchi’s designation was wrongly given as COO ICICI Direct. He is actually the head-international retail product group and private banking division, ICICI Bank. We regret the errors.

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