Yesterday we has some information in relation to RBL Bank stating that the MD and CEO resigning and share tanking by more than 22% in a single day and RBL doing concall in a hurry claiming its quality credit and growth aspects. Without going into deep analysis of RBL Bank, we will share you Mutual funds who are holding this scrip:
(a) Main Trust wise holding as on 30.11.2021
Detailed Mutual Fund wise holding as on 30.11.2021
While the adds in media are floated with Mutual Fund Sahi hai and many cricketers and Celebrities are promoting this industry. We have scams of SREI, DHFL and Yes Bank which were officially declared. While many names which never crossed its all-time highs like in recent case of RBL. It touched all time high of Rs 736 and now its 131 (27.12.2021 price) or Indiabulls which crossed 900 and now its 221 (InSite of Bull market) or DHFL which crossed 600 and got delisted or SREI group which crossed 100 and now quoting at pennies.
Our only question to these Mutual fund industries that what provoked them to Invest in such Banks or companies. They are regular investors and they attend all concalls and they are in regular touch with industry experts while retailers are not experts. They possess all knowledge and skills while retailers lack same. So in spite of such knowledge and fact they are making such mistakes repeatedly? Our only suggestion to investors is to start asking questions to the Mutual fund managers too.
From CA Nishant Maheshwari and Vishal Vora
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