Mutual Funds should make Mother of all disclosures
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- How do we know that Mutual Funds are sharing our rightful profits?
- How can we be confident that the NAV (net asset value) calculation is fair?
- Should we not have our rightful access to the investment logs of every mutual fund?
- Won't the review of investment & trade logs of mutual funds along with other operational parameters give us the most precise view of our so called investment partner?
It is time that Mutual Funds make the mother of all disclosures and share their investment & trade logs. If a specific mutual fund scheme of an asset management company has bought shares of a company at Rs X or if the scheme has sold shares of a company which it was invested in at Rs Y. All such details should be shared with every mutual fund investor on quarterly basis if not more frequently. SEBI has been asking for a laundry list of disclosures from mutual fund industry, however as the chief custodian of common investors' interest SEBI should force the mutual fund industry to start making this all important disclose with common investors - Mother of all disclosures.
For common investors, may it be NAV calculation, expense ratio or any fundamental or operations metrics of mutual funds remains a jargon. Why should the Mutual Fund industry continue to practice such non-transparent ways which will time and again raise question on their integrity and keep the investors guessing of whether she/he is getting his legitimate profit share or not.
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