Venture Intelligence (TSJ Media Pvt. Ltd.)
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Sebi proposes changes in fee structure for AIFs
The Securities and Exchange Board of India (Sebi) has proposed steps to stop the mis-selling in the alternative investment fund (AIF) industry. The capital markets regulator has proposed mandating service providers to offer direct plans and the trail model for the distribution of commission. The latest proposals for the AIF industry are expected to level the playing field and remove potential arbitrage opportunities distributors enjoyed by pushing one segment over the other. Presently, the upfront commission for AIF distribution is as high as 5% of the amount committed - much higher than the commission paid to mutual fund distributors.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.