Most of the Fund Managers are a useless lot.They are only interested in getting fat salaries and bonuses and they care a damn about the investors.Often,with the change of the Fund Manager, an MF scheme which was paying good dividend,suddenly stops payment,despite favourable market conditions.Investors are kept in the dark about what these fellows are doing with their(investors') hard earned money.Fund Managers and the MFs take shelter behind the declaration that Mutual Funds are subject to market risks and past performance may not be sustained.SEBI,which is supposed to be the watchdog of investors' interests, remain a silent spectator.Investors should demand the inner working of MFs,under Right To Information Act.Public should stay away from MFs.
