Friday, August 24, 2007

Take responsibility for your MF decisions and pay the commission to yourself

SEBI has mooted a proposal on waiver of load for direct applications in Mutual Fund schemes.

Interested people may send in their comments on this issue to ruchic@sebi.gov.in . Obviously distributors and agents will be up in arms against this proposal.

But I feel that such rules should be there for people who can/are ready to take responsibility for their investment decisions. Even for insurance! Is IRDA listening?
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