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‘In investor initiated AUM transfers, the new MFD gets trail income from seventh month’
Ask us: The new ARN transfer norm will be not be effective retrospectively.
by Nishant Patnaik Mar 10, 2024
MFDs have to explicitly tell their clients that regular plans pay commission to MFDs
Ask us: MFDs offering online transactions should disclose ‘Regular plans involve payment of commission to MFDs’.
by Nishant Patnaik Feb 7, 2024
MFDs can become EOPs by segregating distribution of regular and direct plans
Ask us: MFDs will have to float a body corporate and invest in technology platform.
by Nishant Patnaik Jun 14, 2023