Panel mulls incentive plan for MF agents

A panel set up by Sebi to boost mutual fund investments through distributors is considering a new incentive model, wherein investors could be asked to pay a service fee and commissions would be borne by fund houses.

A panel set up by Sebi to boost mutual fund investments through distributors is considering a new incentive model, wherein investors could be asked to pay a service fee and commissions would be borne by fund houses.

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The proposals also involve a single-cheque payment for the combined amount of the agreed investment and service fee or transaction cost, an official said.