Investors should be grateful to the Securities and Exchange Board of India (SEBI) for introducing several stringent regulations designed to protect against scamsters. But I believe that some of these measures should now be relaxed.
Take a look at some measures that are in force:
1) All mutual funds (MFs) are required to send annual reports to unit holders. In addition the profit and loss account and the balance sheet must be published in two English papers and two vernacular papers. These inserts often cost several lakhs.
How many readers really study the figures? Those who are really interested could download the information from the fund
