Ban on upfront commissions last year and a lower trail commissions from April this year are likely to force many smaller mutual fund advisors to leave the industry, fear mutual fund advisors. Some smaller mutual fund advisors have already shut shop after Sebi banned upfront commission in September last year has made the business model unviable, adds mutual fund advisors.
“ARN holders who were holding small AUM or doing it as their part time job are finding it hard to sustain due to the ..
