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After studying India’s Rs 40 lakh crore mutual funds sector, SEBI has unearthed data on performance, churn, and brokerage paid to justify some radical proposals to reimagine the total charges collected from investors. Moneycontrol takes a closer look at what the numbers revealed.
If you don’t make money from your mutual fund scheme, should your fund manager be making any? That’s the idea behind the performance-linked fee, which promises to be a game changer. The challenge will be in its implementation.
SEBI had said that training programmes should not be misused for providing any reward or non-cash incentives to distributors. However, Moneycontrol learns that recently many fund houses have held such programmes, some in exotic locations, in violation of the regulations.
Mumbai, April 13: Mirae Asset Investment Managers Pvt. Ltd ( he AMC)., and one of its flagship fund, Mirae Asset Large Cap Fund (Large Cap Fund: an open- ended equity scheme predominantly investing across large cap stocks), have completed a milestone of 15 years.
(This story has not been edited by THE WEEK and is auto-generated from a PTI