News From Press You may buy a mutual fund scheme from either a distributor or an advisor: Sebi

You may buy a mutual fund scheme from either a distributor or an advisor: Sebi

Source: Economic Times Oct 8, 2016

Securities and Exchange Board of India has proposed to revise the investment advisers regulations that will change the way mutual fund schemes are sold by these intermediaries. The capital market regulator may ask distributors of mutual fund products to register either as an advisor or as a distributor. A distributor gets a fee from the mutual fund for selling a product, while an advisor receives a fee from the investor for giving recommendations.

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1 Comment

Prashant · 7 years ago `

How do anybody buy from an advisor? Also banks will form other advisory company and pass on the leads to banks because banks know how much money is in bank accounts. But that misspelling will be allowed. Where as IFAs genuinely find out goals and risk profile and accordingly sell a product. Also In AMC office people who advise or sell products of their own AMC, what registration will that person need?

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