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Mutual funds investment statergy

Hi guys,
q1)What statergy most of the mutual fund managers follow.Do they opt for Long term value investing or Day trading(which is mostly speculation).

Q2)I read the book Stocks to riches book by parag parikh who is a very experienced investor.He is of the view that Mutual funds is an idea whose time is over.He says that the mutual fund managers in an attempt to beat thier respective index they opt for speculation where they should have gone for value investing in long term.What do you think abt this?.If they go for speculation wat is point of putting my hard earned money in those mutual funds

Q3)Can we ask the mutual fund manager his statergy(if he goes for long term or he does speculation).Will the manager answer my question

Thanks a lot in advance,
Vj

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