Welcome Mr president! I have heard alot about DSP black. Both as a brand of whiskey & a mutual fund institution!!
Performance wise DSP black mutual fund is on the rocks, as the name says it. Past performance has been great too.
My question is more about insider happenings in a mutual fund company.
1st- Please guide us how do you manage huge corpus & responsibility of trust for lacs of investors who have invested through your mutual fund company.
2nd- Being a fund manager is not an easy job & working on the top of those fund managers is something much BIGGER a responsibility.
What role do you play & how do you manage your team with regards to profitability? Do you have strict targets to make some 20 - 30% returns every month for your company from your team?
Yes 20 - 30% per month or maybe even much more. Because I heard mutual fund groups make much BIG money for themselves than their investors.
3rd - Do you as a company only operate by investing the money in different stocks, or do you also make money through frequent intraday/ swing trading ?( index, stocks, F&O)
4th - Do domestic institutions including mutual funds groups have access to insider news / insider trading?
For eg- Govt of india came up with recapitalization of PSU Banks. Don’t you think that many DIIs like LIC, govt institutions, PSU’s & some pvt institutions would have secretly taken long positions in banking shares being aware of all this well before govt of india broke out the news through finance minister Arun Jaitley.
5th - There are many shares like just dial, infibeam, earlier suzlon, & many more which gives suspicious moves on account of rumors, etc. Do you believe that promoters of these companies are playing big game behind the screens & many mutual funds companies are seen taking trades in such cases.
For eg, recent rumor of just dial getting merged with Google , resulted in huge upmove in the stock price & studying the bulk deals data, HDFC mutual fund group was too in the list who bought this stock that day.
6th - Do you have secret softwares, programs, technical indicators which are beyond the reach of retail traders & especially the automated programs which can perform endless trades , scalping etc all day & yield big profits everyday.
7th- There are many small caps/ mid caps hidden gems which double, triple & multiply in few months. Do mutual funds companies approach owners , management of such companies for exploring such opportunities & vice versa for mutual benefit?
8th- How can one become a fund manager & what’s an average salary range of a fund manager alongwith commission on profit making?
I would request you to answer all of these above listed queries in an open manner sharing maximum knowledge & experience.