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.
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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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
