Fantastic. Well written, in fact I personally being sufferer when particular fund (I have many such examples) had changed the fund mandate not following the guidelines and I had no answer what to do then. Thanks to SEBI for bringing out these strict guidelines and I am in line with Ashish that this would surely help long term investor and there could be small hiccups on short term basis. I was thinking seriously to begin with Index funds than getting into this “misleading (with their eye catching header) ” funds. Let’s wait and watch till everything is implementing in line as per SEBI guidelines.