The Securities and Exchange Board of India has virtually ruled out a re-think on its move to do away with entry load on Mutual Fund (MF) products.
Delivering his address at the Assocham Mutual Fund Summit on Wednesday, Mr K.N. Vaidyanathan, Executive Director, SEBI, said the distributors of MF units and other such agents should stop complaining and stay focused to enable retail investors have maximum return on their investments and stop thinking in terms of their commission.
This is necessary because with reasonable commission, the distributors and agents will be able to generate volumes of scale to enable them to earn money, which they cannot envisage in the initial phases, he said.
Source: http://www.thehindubusinessline.com/2010/01/22/stories/2010012251251500.htm
Delivering his address at the Assocham Mutual Fund Summit on Wednesday, Mr K.N. Vaidyanathan, Executive Director, SEBI, said the distributors of MF units and other such agents should stop complaining and stay focused to enable retail investors have maximum return on their investments and stop thinking in terms of their commission.
This is necessary because with reasonable commission, the distributors and agents will be able to generate volumes of scale to enable them to earn money, which they cannot envisage in the initial phases, he said.
Source: http://www.thehindubusinessline.com/2010/01/22/stories/2010012251251500.htm
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