India’s mutual fund industry needs to bring in more transparency in the distributor commission framework, says Ashishkumar Chauhan, MD & CEO of BSE.
Chouhan said the MF industry is likely to record Rs 30,000 crore revenue this financial year, which should leave them with around Ra 9,000 crore total profit, while around Rs 21,000 crore will go towards distributor commission and other expenses.