SEBI is Killing Mutual Fund Industry

June 22, 2009 5:51am CST
With the new rules that SEBI has bought in, Mutual Fund investors will have Zero entry load on their mutual fund investments, whether they invest Directly or through Investment Advisors, like me. Now, what SEBI feels is that Mutual Fund investors can negotiate with Investment Advisors and then pay the "Fees" instead of the Mutual Fund company paying Advisors like me. All right. Now, In Mutual Fund investment, I get 2% commission, and in Insurance I get 40% commission. Now YOU tell me, is SEBI right in banning the paltry 2% commission on Mutual Fund and continuing the 40% commission in Insurance??? Is this not gross discrimintation?? Regards, Srikanth
1 response
• India
22 Jul 09
you are right, SEBI is trying to catch small fish while leaving big sharks go scot free. In fact we should write to the finance minister and ask sebi to revoke the order.