Indian or for that matter the mutual funds operated by the foreign fund houses in India are running nothing short of a scam house in name of Mutual funds. The corporate clients always get best of retail when they get their entry exist suitably backdated to take advantage of low prices. These people spend close to 7-8% of you unit cost of sales & marketing, charge upward of 1% as management commission. Wonder where all that goes... It's scary to hear the callousness with which so called stellar performers manage people's funds in markets, they treat public fund as a training pot for their trainees where losses running into a few lakhs are just useful lesson. No fund manager has consistently beaten the index even for 5 years time. Better pick up decent companies and buy their stock, market is full of idiots who think Mutual Funds are for investors benefit....
