If the market regulator wants a mutual fund manager to film his/her visit to a company’s plant, one must comply. After all, no one wants to get into the watchdog’s bad books. So, a money manager on a plant tour was capturing every step with his high-end phone. All was going well, until a security guard came running out of nowhere, snatched the device and smashed it on the plant floor.
“Photography/Videography not allowed,” the guard yelled. And just like that, the mutual fund manager said goodbye to Rs 60,000! If this is not costly compliance, tell us what is!
MC Insider: No ‘sparkle’ in the eyes of the lenders to this firm, photography/videography not allowed, grey areas in PMS & more
























