Sebi asks AIFs to provide “direct plan” option to investors; introduces trail model for distribution commission

To bring transparency in expenses and curb mis-selling, markets regulator Sebi has asked alternative investment funds (AIFs) to provide an option of “direct plan” for investors and introduced a trail model for distribution commission. In addition, the regulator came out with guidelines with respect to excluding an investor from an investment of AIF. This came […]

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