Monday, 28 July 2014

Mutual fund companies in Delhi

Sebi's rule of seed capital should provide some comfort to investors. As per this rule, at least 1 per cent of the total investment in each fund must come from the fund house itself, subject to a maximum of Rs 50 lakh. This applies to all open-ended funds and will ensure that the fund house has its own money invested in all schemes at any given point of time, Alam says.

"Retail investors should go with track record and consistency of the fund manager. While the performance of the Mutual fund companies in Delhi is important, if the fund manager is consistent during good and bad market conditions, I would prefer to remain with that fund,'' he adds.


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