Write short notes on the following: Code of conduct of Mutual Fund

The Code of Conduct for Mutual Funds are as follows: The schemes should not be organized, operated and managed in the interest of sponsors or the directors of AMC or special class of unit holders; It shall ensure the adequate dissemination of adequate, fair, accurate and timely information of all the stake holders; The excessive concentration of business with the broking firm or associates should be avoided; The scheme-wise segregation of bank accounts and securities accounts must be ensured; The investment should be made in accordance with the investment objectives stated on the offer documents; It must not use any unethical means to sell, market or induce any investor to buy their schemes; The high standards of integrity and fairness in all the dealings should be maintained by the trustees and AMCs; The AMCs shall not make any exaggerated statements.