Sebi issues framework on total expenses, performance disclosure of mutual funds
Updated : October 23, 2018 08:28 AM IST
To bring transparency in expenses and reduce portfolio churning and misselling in mutual funds, Sebi on Monday asked asset management companies to adopt full trail model of commission in all schemes without payment of any upfront commission.
However, upfronting of trail commission will be allowed only in case of inflows through Systematic Investment Plans (SIPs), the Securities and Exchange Board of India (Sebi) said in a circular.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more