View: Don't burden mutual fund managers with never-ending regulatory onslaught

Remember the disclaimer-jingle, ‘Mutual fund investments are subject to market risks... read all scheme-related documents carefully’? The Securities and Exchange Board of India (Sebi) has now mandated that 20% payouts of all key employees of an asset management company (AMC) of a mutual fund (MF) shall be paid in the form of units of the scheme(s) being supervised by them, to align their interest with the MF investors. The risk disclaimer meant