Advisory panel to discuss MF reforms

The recent tiff between SEBI and IRDA could be one of the reasons for SEBI to take a sharper look at Mutual Fund regulations. Some likely points to be discussed at the MF advisory panel next week .....

1. Keeping promotional expenses (as different from advertising) out of expense ratio (that includes the Fund Manager fees, publicity & advertising, legal and accounting costs)

2. Greater clarity into the performance measurement criterion (other than the plebeian parameter like NAVs), for better comparison across different schemes.

Complete article at "SEBI wants more checks on MF expenses"

Invictus.

If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring. - George Soros

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