Is the move towards a fee-based advisory model likely to find acceptance in India?
Globally, there has been a distinct shift from the distribution model to advisory. This is accompanied by adequate disclosures of fees charged to the client and commissions paid by the product providers. Across the world, a 'transition model' is used in a graded manner, based on the distribution environment.
In India, many advisers still prefer to use a commission-based structure ..