Sir
Is it permitted / prohibited for a fund manager to invest in the M F managed by him / her ?
If so, how and where do I find the details about it ?
Anand
3 Answers
Dear Anand,
I believe that a FM may not be allowed to invest in MF schemes managed by him/her (but I am not 100% sure on this).
And I do not have any source/links to confirm my answer as of now.
We may have to look out for this in MF scheme offer documents.
Sir
The reason for the above Q was, I came across an article in a blog about two funds of a M F House. As per the blog, both funds have increasingly similar portfolio, managed by the same manager, but the performance / return over last few years is quite different. And as per the blog, the manager has invested in both funds , but his investment in the better performing fund is manyfold (3.3 cr Vs 6.3 L)
I tried to find the facts in the SID of the poorer fund but could not find it. ( may be because it is first time i have gone thru a SID)
Hence the query
Anand
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