Tag: sponsor banks

In line with raging concerns of market regulator SEBI, the commission paid by mutual funds to distributors have grown at a faster pace last fiscal compared to average asset under management growth of distributors.The commission paid by the mutual fund industry has increased by 16 per cent to ₹12,100 crore against ₹10,400 crore logged in the previous fiscal, while the AAUM held by them was up nine per cent at ₹14.74-lakh crore (₹13.58-lakh crore), according to the Association of Mutual Funds in India data.With the highest average AUM...