Do banks recommend mutual funds on merit rather than commission?5 min read 11 Sep 2022, 11:31 PM IST
Sebi is taking closer look at bank-owned asset management companies.
When banks act as distributors, do they act in good faith and recommend mutual funds (MFs) on merit rather than commissions? This is the question that Securities and Exchange Board of India (Sebi) seems to be looking at currently, as per recent news reports.
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