Mutual fund investors spooked by negative SIP returns in monthly account statements

Anxious mutual fund investors are calling their advisors to seek clarifications on the account statements received by them from their mutual fund houses. The Securities and Exchange Board of India (Sebi) has made it mandatory for AMCs to send the monthly account statement to the unitholders via e-mail. Investors have been getting mails from fund houses on re-categorisation and the TER change of schemes. Many investors are wondering why suddenly fund houses are sending so many mails to them, say mutual fund advisors.

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