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In praise of India's money masters

While the book praises the feats of Indian fund managers, the final chapter sounds a warning bell for the future of active management

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Sanjay Kumar Singh
HOW FUND MANAGERS ARE MAKING YOU RICH
Discover Ways to Tame the Bear and Ride the Bull 
Pravin Palande
Rupa Publications
254 pages; Rs 595

With the Sensex crossing 35,000, interest in equity mutual funds is at an all-time high and investors are starting systematic investment plans (SIPs) in droves. At a time when making money in stocks appears to be a cinch, why would people turn to a book that dwells on the pitfalls of bull and bear markets, and how the best fund managers have navigated their funds through such conditions in the past? The answer lies in Benjamin Graham’s maxim that all