Performance anxiety

Mutual fund (MF) agents, at times, make their clients churn holdings just to earn commission. Not just ordinary investors but fund managers, too, can become victims of this ploy, as one of them found out to his dismay. 

This fund manager’s wife had invested some money in one of the MFs managed by him. An agent, eyeing commission and not knowing who she was, called the woman asking her to exit the scheme and move to another one. When the woman asked the reason, the agent said the fund manager was not performing too well!