Every month, mutual fund (MF) investors get their consolidated account statement (CAS), with details of schemes, amount invested and their current value. These details give the investor an insight on whether his investments are growing or falling. They also allow the investor to take the critical decision of staying or exiting a scheme. For example, if the benchmark index has risen 20 per cent in six months, but his equity diversified fund has fallen 10 per cent, it is time to introspect whether he should stick around in the same scheme or exit.
The market regulator, the Securities and Exchange Board of India (Sebi), wants to take this idea forward. It wants MF houses to give information on brokerage paid to distributors, total expense ratio and even comparison with a direct plan of the same scheme, to the investor on a half-yearly basis.
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