With distributors cold, AMCs turn to banks to sell units – a totally biased view
One more effort by the mutual fund industry to stave off loss of business. Look at the report published in ‘The Economic Times’ on 19/06/2010. http://economictimes.indiatimes.com/AMCs-plotting-marketing-strategies-around-well-networked-banks/articleshow/6065735.cms But this report makes biased and unsubstantiated accusation against independent financial advisors (referred to in the report as ‘independent fund distributors’ a term that is not in common use) [...]
It is difficult to stop the water once the dam is breached
Dear reader, In the past few months the regulators related financial services such as SEBI, IRDA are in overdrive mode. Several path breaking initiatives have been anounced. SEBI has removed entry load on all mutual funds. IRDA is initiating several proposals to reduce the cost of buying insurance products. Already the New Pension Scheme under [...]
SEBI’s decision to abolish entry load to mutual funds in India
Dear Investor in mutual funds in India In a path breaking decision, Securities Exchange Board of India (SEBI) has decided to do away with entry loads on mutual funds in India. A little back ground information about entry load is ideal here. Entry load is a load charged by the mutual funds to meet distribution [...]
