You are here: Home » PF » News » MFs

MF to disclose distributor commission from Oct 1

Consolidated Account Statement to also give scheme's average total expense ratio for half-year period for each scheme's plan

With a view to increasing transparency, the Securities and Exchange Board of India (Sebi) has asked for additional disclosures in the (CAS) sent to investors by mutual funds.

From October 1, the will provide two important additional details. The first is the gross commission paid to distributors . This includes the amount of actual commission paid by to distributors (in absolute terms) during the half-year period against the concerned investor's total investments in each MF scheme. 'Commission' refers to all direct monetary payments and other payments made in the form of gifts/rewards, trips, event sponsorships, etc to investors.

will also have to give the scheme's average total expense ratio (in percentage terms) for the half-year period for each scheme's applicable plan (regular or direct or both) where the concerned investor has invested.

At present, provides information with regard to in terms of name of scheme/s where the investor has invested, number of units held and its market value, among other details.

 

 

image
Business Standard
177 22
Business Standard

MF to disclose distributor commission from Oct 1

Consolidated Account Statement to also give scheme's average total expense ratio for half-year period for each scheme's plan

BS Reporter  |  Mumbai 

Image via Shutterstock
Image via Shutterstock

With a view to increasing transparency, the Securities and Exchange Board of India (Sebi) has asked for additional disclosures in the (CAS) sent to investors by mutual funds.

From October 1, the will provide two important additional details. The first is the gross commission paid to distributors . This includes the amount of actual commission paid by to distributors (in absolute terms) during the half-year period against the concerned investor's total investments in each MF scheme. 'Commission' refers to all direct monetary payments and other payments made in the form of gifts/rewards, trips, event sponsorships, etc to investors.

will also have to give the scheme's average total expense ratio (in percentage terms) for the half-year period for each scheme's applicable plan (regular or direct or both) where the concerned investor has invested.

At present, provides information with regard to in terms of name of scheme/s where the investor has invested, number of units held and its market value, among other details.

 

 

RECOMMENDED FOR YOU

MF to disclose distributor commission from Oct 1

Consolidated Account Statement to also give scheme's average total expense ratio for half-year period for each scheme's plan

Consolidated Account Statement to also give scheme's average total expense ratio for half-year period for each scheme's plan

With a view to increasing transparency, the Securities and Exchange Board of India (Sebi) has asked for additional disclosures in the (CAS) sent to investors by mutual funds.

From October 1, the will provide two important additional details. The first is the gross commission paid to distributors . This includes the amount of actual commission paid by to distributors (in absolute terms) during the half-year period against the concerned investor's total investments in each MF scheme. 'Commission' refers to all direct monetary payments and other payments made in the form of gifts/rewards, trips, event sponsorships, etc to investors.

will also have to give the scheme's average total expense ratio (in percentage terms) for the half-year period for each scheme's applicable plan (regular or direct or both) where the concerned investor has invested.

At present, provides information with regard to in terms of name of scheme/s where the investor has invested, number of units held and its market value, among other details.

 

 

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard