There is anger, confusion and anxiety among a large section of the mutual fund distributor community. The cause for this is a renewed attempt by the Securities and Exchange Board of India to split the role of an investment advisor and a distributor. Simply put, a person, who advises a client on which scheme to buy, cannot take a fee from the mutual fund for selling its product. Similarly, a distributor, accepting a fee from the fund, cannot recommend a client to buy a product.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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