Saturday, October 25, 2008

Mutual Fund

I GOT A MAIL from one of the mutual fund houses... a big brand of international pedigree. I, the financial advisor of my mother, had gone by the reco of my financial advisor & few cross checks among friends later, opted to invest in this fund.
I saw the attachment to the mail. SO, straight away went to same to check the NPV. After almost a year, I am shocked to see the NPV fall below the investment figure. I feel responsible for the same. I do feel guilty...
What irritates me is the mail has the routine covering letter... specifies 'PLEASED TO ENCLOSE THE INVESTMENT SUMMARY...' !! :)

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