POSTED BY April 13, 2013 9:06 am COMMENTS (8)ON
Is this allowed? Won’t I end up paying both the expense ratios. I never signed up for a FoF.
Why can’t Prashanth Jain buy debt securities directly from the market? Why is he going through a sibling fund? One reason can be that he doesn’t have enough corpus to enter debt market by himself.. but he has invested 180 cr (1.57% of 12K crore) in it.
HDFC Liquid is a 3 star fund.. He could have picked up a better one.