These are the average returns of all the mutual funds vs their respective stock market indices over a long time frame
Taken from Lubos Pastor and Robert F. Stambaugh, “Mutual Fund Performance and Seemingly Unrelated Assets,” Journal of Financial Exonomics, 63 (2002).
If you get a chance, read this research paper. They analysed mutual funds from various countries in different periods to arrive at these results.
I am advertising this paper here because it goes well with my original stance 1 and 2
I hope you finally got some breathing time….
Comment by Karthi — March 18, 2009 @ 12:07 pm
I have not slept in 37 hours, had 2 tests and there is another presentation in an hour.. not to mention the usual submissions and tests tomorrow.
but i hope that april will be better when i will be in mumbai
Comment by Ankur Aggarwal — March 18, 2009 @ 8:41 pm
I will just stick to managing my own investments. Mentor Capital (MNTR) is one such investment I wouldn’t leave in the hands of a mutual fund manager to screw up.
Comment by webmaster8753 — September 21, 2009 @ 1:01 pm