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The cover story of June 2014 issue (Mutual benefit) was informative
The cover story of June 2014 issue (Mutual benefit) was informative and gave an extremely balanced view of the mutual fund market.
Letters to The Editor

The cover story of June 2014 issue (Mutual benefit) was informative and gave an extremely balanced view of the mutual fund market. While the interest in mutual fund investments has risen by leaps and bounds, the same cannot be said about investor awareness on the subject. The truth is that mutual funds work for investors only if you have time in hand. Short-term bets in mutual funds will always turn out to be risky. There needs to be more awareness created on the sector to ensure that investors do not shy away from mutual funds. Your story will go a long way in helping readers understand the nuances of the sector. - Rajiv Mehra, Mumbai


The story on charity (Donate and save tax, May 2014) will help readers understand how to contribute more efficiently to charity. The idea of tax exemptions on contributions to NGOs and other government bodies has been a commendable step taken by the government. However, it is a little unfair that while contributions to some bodies get 100% exemption, in case of other organisations the exemption is only 50%. I will not be surprised to see that such bodies receive far lesser donations than the ones which give 100% exemption. While the move to give exemptions is appreciated, these bodies should in turn also be made accountable towards the donors. Say, if I contribute to the PM Relief Fund, it is only fair to see public reports of where the money has been used till now. Such reports should be released every quarter or year. Otherwise, the sense of cynicism that is associated with nearly all government bodies will seep through these charitable organisations too. - Priyesh Ranjan, Pune


The story on home insurance (Secure your home, May 2014) gave an extremely comprehensive view of the subject. In India, insurance is always taken with a pinch of salt and this probably explains why people still favour traditional plans over pure term plans. Home insurance is one of the most important products that one should have in their portfolio if they own a house. Given that we spend so much buying a house, a little more expenditure should also be looked at as an investment of sorts. My house in Delhi was burgled a couple of years ago and had it not been insured, my loss would have run into lakhs. - Sheela Sharma, Thane


The article on auto ancillary stocks (Fast forward, May 2014) gave a nuanced outlook of the sector. With the auto and the manufacturing sector likely to see a change of fortune in the coming days thanks to the new government, it would be a good idea to invest at least some part of your portfolio in these stocks as they may turn out to be winners in the coming days. - Ramesh Patel, Surat

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