SBI MF’s Balanced Advantage Fund NFO collects Rs.13,000 crore

This SBI Balanced Advantage Fund NFO will give the huge returns to the investors, No doubt about the performance, it will get automatically.

Big fund houses are only collecting money in NFOs. But not even generating alpha over benchmark. I guess this is a shame for such fund houses. First generate some alpha and than collect money in NFOs...They are just looting investors by charging expense for underperformance, which SEBI shall do away with. If a scheme underperformes, then no expense shall be charged to investor and the fund houses shall pay distributor from their own profits. Fund Managers are getting salaries even if their funds underperform. The only loser here is investor, for whom SEBI is introducing new rules every now and then and has completely failed to do so.

They are making MFDs look like villains.....if u really want to do something about investors, then reduce commissions in every financial product...This is nonsense that selling a traditional plan generates around 50% commission for the first year..and when I comes to MFDs, they say that 2.25% is a very high expense ratio....whereas traditional plans have much more charges as compared to expense ratio in mutual funds...

IRDAI shall also look into this and reduce the commissions on traditional plans and increase the returns of investors in traditional plans...I mean what is the point of selling a product which will give an IRR of less than 6% and customer has to hold for 20 long years...This doesn't even beat the real inflation..and Insurance Agents want to sell this product only as it gives them higher commissions per 100 of premium as compared to per 100 of MF AUM...