Large Indian banks are showing a clear inclination when it comes to selling mutual funds. A majority prefer to sell products of their own asset management companies (AMCs). This helps financial institutions such as banks corner a lion's share of the commission benefiting the group at large. Consider this: State Bank of India (SBI), the country's largest lender, earned a total commission payout of Rs 62.12 crore in 2015-16. What is striking is the fact that nearly 98 per cent of it or Rs 60.64 crore has come only from selling products of its SBI Mutual Fund. The story is ...
Mutual Funds: Small, mid cap funds saw massive surge in folios in March
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