In their quest for higher commissions, which have been rationalized for mutual funds, more and more distributors have sharpened their sales pitch for alternative investment funds (AIFs) in the past year or so. The problem arises because most HNIs have been investors in mutual funds, which are far simpler products than AIFs. The complexity and the high commissions make AIFs prone to mis-selling.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
Read More