News From Press AMFI says 17 mutual fund distributors earn commissions above Sebi’s cap. But is the data accurate?

AMFI says 17 mutual fund distributors earn commissions above Sebi’s cap. But is the data accurate?

Source: livemint Sep 17, 2024

A recent disclosure by the Association of Mutual Funds in India (AMFI) revealed that several mutual fund distributors (MFDs) appear to have earned commissions above the 2% cap imposed by the Securities and Exchange Board of India (Sebi). According to the data, at least 17 distributors had commissions that exceeded the regulatory limit, raising eyebrows within the industry.

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