Sebi warns MFs on 23 lapses in FY17



Sebi pointed out instances of misleading the investors by reporting incorrect data on investor complaints, instances of inappropriate utilisation of funds meant for investor education, such as spending on programmes meant for financial advisors, charging of expenses to the said funds for stationery items such as notebooks, planners and calendars, and charging of expenses without adequate records.



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Want to invest in direct plans? Opt for an advisor



While a do-it-yourself approach in direct plans will help you save money, there is the risk of making poor investment decisions and suffering loss of capital, suggest Devang Kakkad, head of research, Equirus Wealth Management.



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Why Paisa Bazaar's mutual fund ad has run into trouble



Paisa Bazaar, which recently forayed into online mutual fund distribution, has come out with a 20-second video clip featuring Bollywood actor Akshay Kumar. The ad, which talks about the benefits of investing in direct plans, has already got 1.6 million views on YouTube.



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Bonanza for MF staff; may get bonus worth 40-100% of annual pay



MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.



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