SEBI has withdrawn the entry load on Mutual Funds investments. This is a welcome move from SEBI’s side to the investors but the Mutual Fund people are worried thinking about the negative effect that it can create. The fear is that they feel that the distributors would now push more of ULIP’s for earning better commission. ULIP’s offer a good rate of commission for the distributors. SEBI made a clear statement of the issue that was raised by stating that it would work best for the investors in the long run, all these adverse effect are to be seen only for a short term period. Lets see how things would shape up in future.
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Seems like a good move that will enable better payouts to investors.