India’s mutual fund industry was aghast when an asset management company recently showered exorbitant gifts on distributors who met its new fund offer (NFO) targets. The gifts, including Rs 5 lakh in cash, trips to Paris and Ukraine, iPhones and iPads, were handed out in disregard for the regulator’s rules on distributor commissions.
Financial Terms Like Mutual Fund, IPO and Bond Now In Sign Language For Differently-Abled
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