The ability to charge clients or fund houses for processing transactions will soon be available on online mutual fund (MF) investment platforms like Groww, Zerodha Coin, and Paytm Money.
Madhavi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), has stated that while these platforms may charge a fee, commission-style structures will not be permitted. A regulatory framework for Execution Only Platforms (EOP) for direct plans of Mutual Fund schemes was unveiled by SEBI on Tuesday. EOPs may be registered under either of the two categories under the framework that has been approved.
