Money in, money manager out

Investors are beginning to ask questions after recent spate of exits from the mutual fund industry

“Stay invested for the long haul in stock markets,” is something almost every fund manager preaches. However, given the recent spate of exits of top-tier money managers from the Rs 19-lakh crore mutual fund industry, investors are beginning to ask if the people, with whom they have parked their money, are going to remain for the long haul, after all.