News From Press New ethics committee to steer mutual funds soon

New ethics committee to steer mutual funds soon

Source: Moneycontrol Feb 28, 2022

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.

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