Distributors don’t like debt funds much, says survey
The role of a distributor has evolved from just hawking forms of new fund offers to sitting with you and understanding why you want to save and what you want to achieve
The journey towards your financial goals typically includes equity as well as debt mutual fund (MF) schemes. However, a survey by Cafemutual, an independent forum of MF professionals, has found that a majority of independent individual distributors don’t readily recommend debt funds. In the case of 57% of such distributors, just 6-25% of sales happen in debt funds. But aren’t debt funds an integral part of your asset allocation? We’ll get to it later.