News From Press ‘Impact analysis a must before advisory norm amendment’

‘Impact analysis a must before advisory norm amendment’

Source: Business Line Feb 14, 2017

The Foundation of Independent Financial Advisors (FIFA) represents over 1,400 distributors of financial products, particularly of mutual funds. The combined assets that these distributors advise is over ₹70,000 crore. With SEBI intent on investors paying for advice on mutual funds instead of distributors earning commissions, Dhruv Mehta, Chairman, and Roopa Venkatkrishnan, Secretary, FIFA, discuss how the change might be detrimental to the industry.

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