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The Old fund houses such as HDFC and RELIANCE etc must learn from AXIS. I feel we all should promote open ended equity fund specially ELSS FOR maximum return.
Well I congratulate Karan for bringing in "Happy New Customers" into Mutual Funds. However Clients Must be taught "Time Value of Equity" and not push products/schemes which is what he is doing. Let us give Karan the credit of being Contrarian but making customers Wealthy by teaching them Patience is the game. Repeatedly I am writing on this Forum that Investor Awareness Programs have to be conducted on a large scale and IT IS NOT THE JOB OF ADVISORS.
Totally agree with Mr.Karan Dutta. His views seems very clear about forthcoming period.