Now a days, In India more mutual fund schemes are vanishing.
In the first seven months of 2011, as many as 41 funds have been merged into another one. During the previous three years, this number was just 37.
In fact, in the 5 years from 2006 to 2010, there were a total of 58 fund mergers. Looking at the current trend, 2011 could comfortably exceed this number.
On the face of it, there's nothing wrong with this. These fund mergers are obviously done with regulator SEBI's permission and follow all the rules that have been put in place for investors' protection.
In the first seven months of 2011, as many as 41 funds have been merged into another one. During the previous three years, this number was just 37.
In fact, in the 5 years from 2006 to 2010, there were a total of 58 fund mergers. Looking at the current trend, 2011 could comfortably exceed this number.
On the face of it, there's nothing wrong with this. These fund mergers are obviously done with regulator SEBI's permission and follow all the rules that have been put in place for investors' protection.
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