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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Tag: Association of Mutual Funds
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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Equity schemes hit 2-year low
Investors sinking lump sum money in equities seem to have applied the brakes.
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MF assets surpasses Rs 25 trillion
This feat was achieved 25 years after the mutual funds industry was opened to private players.
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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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MFs net buyers of stocks for almost 2 years in a row
Foreign portfolio investors, on the other hand, have been net sellers in the markethaving pulled out Rs 8,600 crore
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Revamping your MF portfolio? What you must keep in mind
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
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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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