The Securities and Exchange Board of India’s (Sebi) latest move asking mutual funds to disclose the actual amount paid as commission to distributors and also to provide details of expense ratio of direct and regular plans in the consolidated account statement issued to investors, has evoked strong response from the industry.
While some industry leaders posted their comments on Twitter and expressed their discontent, several distributors and industry experts are not only questioning the relevance of such move but are also calling for similar disclosures in case of other financial products.
