What is the difference between managing funds for a mutual fund and for high net-worth individuals (HNIs)?
In a mutual fund the investment horizon for an open-ended fund is short-term as the investor has the option of withdrawing money anytime from the funds and wealth creation is difficult. In the case of HNIs, the investment time-period is long and hence you can create wealth for your investors, as good returns require patience. Moreover, in mutual fund there are various investors with different investment objectives, but HNIs understand investment better than small investors. So for a HNI, one can create a portfolio with time period of over 5 years, but in a mutual fund it is very difficult to hold stocks for such a long period. What is the investment approach of ASK Raymond James? We invest in individual companies that have a bottom-up approach rather than top-down approach. With this, our investment in stock is based on four criteria dividend yield, deep-Value Category, big fish in big pond and aggressive growth stories. Could you explain in detail all these criteria? In dividend yield
