Investors Query: Need your opinion about investing in HDFC Housing Opportunities Fund?
Mr. Gerard Colaco: Let me tell you a little story.
In my college days, I would listen regularly to BBC World Service radio. One of my favourites was a pop music programme called “The Jolly Good Show” by a legendary presenter named Bob Holness.
I would listen more for Holness’ humour than for the music. He had an offer by which, if you sent him a letter or post card with your name and address, he would mail you back a BBC World Service T-shirt, “guaranteed not to shrink, so long as you don’t wash it.”
The HDFC Housing Opportunities Fund is a thematic fund. This militates against the basic investment risk management tool of diversification. All non-diversified investments, are, to paraphrase Bob Holness, “fabulous investments so long as you don’t invest in them.”
