The 2017 book, ‘How Fund Managers are making you Rich’, resonates with the advertisement jingle ‘mutual funds sahi hai’ (mutual funds are terrific). But the book also talks about a meeting between Ajit Dayal, the founder of Quantum Mutual Fund, and senior management at other mutual funds (MFs): “Dayal…called the mutual fund industry a den of thieves”. It is impossible to reconcile the title of the book with that quote.

AUTHOR

Avinash Luthria

Avinash Luthria is the Founder, Fee-Only Financial Planner and SEBI registered Investment Adviser (RIA) at Fiduciaries (https://fiduciaries.in). His approach can be more precisely described using US terminology as ‘Advice-Only’ Financial Planning & Investment Advice. Prior to this, Avinash was for a decade, partner and member of the founding team at Gaja Capital, a leading independent India-focused Private Equity fund. Previously, he has been an entrepreneur, management consultant, project manager and programmer. He has an MBA (Finance) from IIM Bangalore and writes on financial planning and investing in various publications (https://fiduciaries.in/articles/). You can reach him at Avinash at the rate fiduciaries.in

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