AMFI-CRISIL report shows that the Indian mutual fund industry has been growing at a CAGR of 12.5%, which is higher than other fund markets in the world.
The scheme does not offer the dividend option to investors; instead investors seeking regular income will have to go for SWP, which is likely to be more tax efficient.
Paytm founder Vijay Shekhar Sharma told Cafemutual that his company would neither charge a fee from investors nor sell regular plans to get commission.
HDFC Chairman, Deepak Parekh believes junkets have become a common practice across the financial services industry; these rewards create imbalance in the market.
