Can an Indian mutual fund investor get his money back if he loses it due to blatant violation of rules by a fund house?
The question surfaced after global fund management giant Invesco this past fortnight had to pay back $105 million after it forgot to rebalance two ETF funds in the US.
Industry watchers on Dalal Street say Indian mutual fund houses are not immune to such penalty and liability, and regulations are in place to make them liable for their mistakes in case such a s ..
