MARKET regulator, Securities and Exchange Board of India (Sebi), will help the mutual fund industry in its efforts to increase financial literacy, a senior Sebi official said. "Sebi is keen on focusing on investor education. It will help the mutual fund industry in its efforts to increase financial literacy," Sebi chairman, C B Bhave, said here. "Our big challenge is investor education and financial literacy. Investors should get the scheme information document in regional languages," Mr Bhave said. He said that the mutual fund industry was at the crossroads and should not expect results in six months. "It is always difficult to accept change but if you are confident that the change is good for the consumer you accept it eventually," Mr Bhave said. On the issue of financial literacy, he said that it is a big challenge due to the vastness and diversity of the country. The importance of having the messages (of financial literacy) in regional languages cannot be emphasised enough, he said.
Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Mutual Fund Exit Load Changes AMCs don't communicate about any change in exit load directly with investors, but do update on their website The exit load applicable to your investments is the load which existed at the time when you invested in the particular fund. Any subsequent changes in the exit load will not be applicable to your investments. However, Asset Management Companies ( AMCs ) periodically publish addendums in the newspapers, which state any change in exit loads of specific schemes managed by them. Such changes are also posted on their websites. However, a direct communication to an investor is not made, considering the costs involved in doing so. In their own interests, investors should not only track the performance of the funds they i...
