ET pointed to this development in India’s Mutual Fund Industry which came as a rude shock.

Assured returns?? How can Mutual Funds give assured returns to big ticket investors and penalise small investors (r’ber the difference is accounted an expense deducted from the NAV of other investors over a period of time). Is this a mutual fund concept at all?

Reminds of John Bogle who often says, there is nothing mutual about mutual fund industry. Agreed MF industry is under severe stress but you can’t penalise small investors. Instead of cutting expenses, what investors might get is higher expenses and moreover they may not be aware of it all. As it is the investments in Mfs have halved and this might be lower going ahead as well.

[...] exit packages for employees and below par returns for investors! I had pointed that in these times small time MF investors loose out (for whom Mfs are designed) and big ticket [...]