Under the new guidelines, distributors will no longer earn higher commissions for switching existing investments to NFOS.
"To address the issue of possible mis-selling in NFOs, for switch transactions, the distributor shall be entitled to the lower of the two commissions offered under the two schemes of the switch transaction," Sebi said in a statement issued after its Board meeting on Wednesday.
Funds Mutual (MFS) offer a switch option where investors can directly transfer funds from one scheme to another as opposed to redeeming the investments, and then putting that into the new scheme.
Bu hikaye Business Standard dergisinin December 20, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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