 "mutual fund")
The mutual fund (MF) industry has warned distributors against misuse of the extra incentive structure which rewards for mobilising assets from smaller centres-- beyond the top 30 cities (known as beyond-30 or B30).
The Association of Mutual Funds in India (Amfi) has written to the MF distributors (MFDs) saying that malpractices -- such as splitting of MF transactions and regular churning of investments -- could lead to a suspension or cancellation of their licence.
These were the issues raised by the Securities and Exchange Board of India (Sebi) while temporarily suspending the incentive framework from March 1.
The markets regulator
