Capping of upfront commissions at 1% has resulted in lower distributor commission in the Indian mutual fund industry in the last financial year. Latest data from the Association of Mutual Funds in India (Amfi) show that gross commission and expenses paid to distributors during FY2015-16 stood at Rs 3,647.63 crore, down by 23% as against Rs 4,744.57 crore in previous financial year.
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