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  • News From Press Sebi ban on upfronting commissions will stop unnecessary churning of MF portfolios

    Sebi ban on upfronting commissions will stop unnecessary churning of MF portfolios

    Source: The Economic Times Sep 22, 2018

    Sebi banning upfront commissions and upfronting of the trail commissions in mutual funds would stop the practice of unnecessary churning in mutual fund portfolios, especially in B-30 cities, say some wealth managers.

    “Many small distributors who are specifically working in B-30 cities survive by churning their clients’ portfolios often. AMCs pay a higher upfront commission on business from B-30 cities. The commissions are higher by 1 to 1.5 per cent. However, after Sebi’s move, distribu ..

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    2 Comments
    prashant · 5 years ago `
    This article is by Economic times who recently started ET money and advertising campaign against distributors about upar ki kamai. They demean our profession and bash us ti get the business. It is clear that they are getting under ki kamai. This article is completely biased because they just want to earn the under ki kamai because no distributor whether from B30 or anywhere does not churn the portfolios of investors just to get commissions. This is antimarketing against the entire distributor community and it is against constitution because everyone has a right to their livelihood which recent SEBI hands in gloves with AMFI is trying to take away.
    Prashant · 5 years ago
    This is an antidistributor article which should not be allowed by any regulator and CCI. It says many distributors do this which is absolutely wrong and malicious campaign against us. Very few distributors would be doing this nuy these people are generalising it. Mainly banks do this so they should be barred from selling mutual funds and insurance completely. So kindly stop this malicious campaigns and do what is right and fair.
    Reply
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