Markets regulator SEBI is looking to allow investors to buy mutual funds worth up to Rs 50,000 through digital wallets to make it easier for investors to purchase these instruments, especially by young generation. The move would help in speedy and easy transactions, while reducing failures due to payment gateway issues. Besides, the Securities and … Read More →
MF Distributors Approach Sat Over SEBI’s Direction On Commissions Disclosure Mutual fund distributors have approached the Securities Appellate Tribunal (SAT) against the regulator’s direction to disclose the commission received from every individual investor, three people familiar with the development said. “Distributors, represented by United Forum of distributors, have challenged Sebi’s (Securities and Exchange Board of … Read More →
The Securities and Exchange Board of India (Sebi) has asked mutual fund houses to clearly mention the actual commission, including gifts and junkets, given to distributors against the investments of an individual. In a circular sent to all fund houses on Friday, the market regulator said this information should be included in the six-monthly Consolidated … Read More →