Hat Tip : Amit Arora
Morningstar had an Awards Function recently where it dished out awards to Mutual Funds in various categories.
Mirae Asset Emerging Bluechip was the winner in the Equity Small & Mid-Cap categories.
Its Fund Fact Sheet for Feb 2017 makes for interesting reading:
How can a Mutual Fund whose top 10 holdings include 4 stocks in the Nifty be classified as “SmallCap/Midcap” ?
Or maybe the Fund has these stocks in the perverse hope they will go from large cap to small cap !
Anyways, these Awards remind me of a very memorable interview of Govinda.
Once Govinda, the once very popular Bollwood star, was asked by an interviewer:
Q:Aap Ko ab tak koi Filmfare award kyon nahi mile?
He replied: Lekin maine paise bhi toh nahi diye !