Towards fairer investment practices: A call for embracing ‘advised plans’

I recall a circular issued by the Securities and Exchange Board of India (Sebi) towards the latter half of 2007, suggesting that asset management companies—those running mutual fund (MF) schemes—introduce a concept called ‘direct plans’, which allowed for a lower cost to investors who do not need an MF distributor to make and manage their …

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Indore case exemplifies how RIA licence can be misused

There are 1,329 Sebi-registered investment advisers in the country. And, despite all the regulations put in place by the market regulator to ensure the protection of investor, Sebi discovers that some of them are, well, scamming their clients. Last month, Sebi released an order against Money Market Manthan Financial Services, once upon a time a …

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