In your interest.
Online Personal Finance Magazine
No beating about the bush.
At last, financial advisors have to actually offer a service and you have to pay for it
There is turmoil among financial advisors. Until now, most fund houses used to pay distributors from the entry load and other upfront loads charged to investors. Suddenly, this tap has been closed. Since a new fund offering (NFO) could gouge 6% from the investors, NFOs were the most-sold products....
The mutual fund industry labours to survive under SEBI’s diktat
We think we should leave it to market forces to drive the fees/charges that intermediaries levy on investors… We will continue to monitor the progress.” This was the reaction of the Securities and Exchange Board of India (SEBI) to a Moneylife query about the impact on retail investors of its decision to scrap entry load on mutual...