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 3 hours ago

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.

Click to read

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Finance Minister to launch NPS Vatsalya Scheme on Wednesday

NFOs, lower redemptions trigger a near three-fold rise in flows in large-cap schemes

Robust equity inflows likely to keep earnings growth strong for AMCs

Gold ETFs ride the updraft: Tax shifts flip the switch on record inflows

Best NPS funds 2024: How to choose pension funds that have given best returns to boost retirement savings

Micro SIP of Rs.250 a month is a good step but here are the challenges

Are you adding new mutual funds to portfolio amid rising market for better returns? Not a good idea, follow this instead

Micro SIPs: Getting Started With Mutual Fund Investments Was Never Easier

NRIs can now invest in Sovereign Green Bonds this new way; Know how the impact on taxation of gains

Consider benefits, costs before agreeing to insurance policy splitting

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS