It’s a Joke How Certain Investments Get into the Portfolios of Debt Mutual Fund Schemes
The Templeton Mutual Fund fiasco is not the first one to affect the mutual fund (MF) industry. And, definitely, it will not be the last. The entire business is driven by the holy term ‘AUM’ (assets under management). The more the AUM, the more is the fee asset management companies (AMCs) earn. The sales people use short-term performance as their key selling tool. The sales people and the fund...
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