There is some good news for mutual fund distributors.
Ajay Tyagi, Chairman, SEBI, said that the market regulator is open to receive new ideas from all stakeholders, which includes AMCs, distributors and investors, on the consultation paper on investment advisors.
He requested all stakeholders of the mutual fund industry to give feedback on the consultation paper. The SEBI Chairman was addressing the delegates in the first AMFI Mutual Fund Summit 2017 held today in Mumbai.
Earlier this week, SEBI floated a consultation paper in which it has proposed to segregate fee based advisors and distributors who receive commission from AMCs.
Ajay Tyagi said that the proposals are under consideration and nothing has been finalised yet. “Nothing has finalised on the proposals that the market regulator has made on the consultation paper on investment advisors. I request all stakeholders to kindly give their valuable feedback before the stipulated date,” he said.
The market regulator has invited comments from the public before July 14, 2017. You can email your feedback to sebiria@sebi.gov.in or send it by post to Deputy General Manager, Investment Management Department, SEBI, SEBI Bhavan, Plot No. C4-A, G Block, BKC, Mumbai – 400051.