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JM Capital Reviews

Mumbai India
Poor Management - loot of public money
Aug 07, 2011 03:45 PM 9564 Views

JM Financial MF is probably the worst managed amongst the well known funds. I have experiance of 2 schemes 1. Tax gain fund where I invested in Mar 2008 and got a return of -40% in 2011. 2. JM Contra Fund where my company invested in 2006-07 and got a return of -45% in 2010. In fact in the same period the benchmark indexes and other Mutual Funds have given a reasonable return. I myself invested in UTI Tax fund on the same day as JM and got a return of 30% by redeeming the same day as JM while JM gave a return of -40%.


This shows how poorly the fund has been managed. In fact there should be SEBI enquiry about the affairs of the fund otherwise they will continue to loot the public money.


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