News From Press MF distributors call for halt on fresh purchases in multi-cap schemes

MF distributors call for halt on fresh purchases in multi-cap schemes

Switching from one scheme to another is treated as transfer and is subject to capital gains tax

BS Sep 24, 2020

Mutual fund (MF) distributors are dissuading investors from putting fresh money in multi-cap funds until fund houses clarify how they would navigate the recent regulatory diktat.

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

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