Why Morningstar Awards remind me of Govinda

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 !

Linkfest: March 24,2017

Some stuff I am reading today morning:

Radical proposal for NPA resolution (Arun Jaitley)

The cash cow that is Hindustan Zinc (ET)

How to ride the IPO wave (FE)

Indian DVRs and their underlying (VR)

UBS: Not so fast on India stock rally (Bloomberg)

Kumarmangalam Birla has got the better deal (BL)

How Indian family businesses survive (Forbes)

5 Questions to ask before you buy a stock (Howard Marks)

US Stock market has become v risky (Meb Faber)

The “Retail Apocalypse” is officially descending on America (ZeroHedge)