11
Aug
#SEBI #MutualFunds #MFD #InvestorProtection #RegulatoryUpdate #SEBICircular #FinanceNews #IndianMarkets #AssetManagement #InvestmentIndia #BankingNews #MutualFundInvesting Chandigarh: In a landmark move aimed at safeguarding investor interests and enhancing transparency in the mutual fund industry, the Securities and Exchange Board of India (SEBI) has announced that mutual fund distributors (MFDs) can no longer levy transaction charges on the sale of mutual fund schemes. The directive, issued through an official circular, comes into effect immediately and is expected to reshape certain aspects of the distribution business, particularly impacting large distributors such as banks. What the Circular Says Until now, SEBI’s regulations allowed asset management companies (AMCs)…