MF Distributors

Move comes days after Sebi suspended practice citing misuse

Just 4% growth in registration of direct plan SIPs last year after 115% growth in 2021

Between October 2021 and September 2022, gold prices rose over 9.5 per cent even as ETF inflows shrunk to a half

Amfi has barred them from using nomenclatures that have references to advisors, following Sebi move to separate distribution and advisory for the Rs 27-trillion industry

Switching from one scheme to another is treated as transfer and is subject to capital gains tax

Investors can get these loans at 9-10 per cent interest rate

Experts say nudge towards direct plans, regulatory changes and market correction have led to cuts

There are only 220,217 MF distributors compared to 2.1 million insurance agents

Sebi proposes that distributors giving such advice would have to register under Sebi's IA Regulations