Expense Account, Mint
The murmurs heard are now backed by data. Banks and large corporate distributors are churning mutual fund investors. Mintmutual fund editor Kayezad E. Adajania’s story “Banks nudge investors out of MFs; smart HNIs stay for bull run” (http://bit.ly/aTPn2A) has data to show that banks and large corporate distributors have churned their mutual fund investors, even as high net worth and do-it-yourself investors have invested positively in this rising market.