News From Press Is SEBI right in restricting mutual fund distributors from offering investment advice?

Is SEBI right in restricting mutual fund distributors from offering investment advice?

Source: ET Jan 17, 2017

To segregate sales from investment advice, market regulator Sebi has said that mutual fund distributors cannot give investment advice to buyers. Sebi has also made it compulsory for mutual fund distributors and agents who give advice to register as investment advisers. ET Wealth reached out to three experts to know whether Sebi has done the right thing by restricting mutual fund distributors from offering investment advice. Here are their views on the matter:

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