Survival of MF Industry

Survival of MF Industry
Mutual fund induistry is undergoing a turbulent times these days. Last year in 2009 SEBI banned the practise of AMC charging upfront commissions to be paid to distributors.

Due to sudden upsurge in stock market investors have pulled out from Mutual fund and started investing in the stock market. Mutual fund industry has recorded a total loss of atleast of Rs. 10463 crores from Equity linked schemes in last 8 months.

Following are the results of top AMC's result:

1) ICICI prudential Assets Management Co. Ltd profit fell by 67%.
2) Kotak AMC ltd quoted a loss of Rs. 3 crorers
3) IDFC AMC Ltd lost 10% lost in its profit.

Lets hope all is set right well before the situation becomes aggravated.