Reduction of trail commission: FIFA, FIAI to meet AMFI..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, June 23, 2018

Reduction of trail commission: FIFA, FIAI to meet AMFI..!


Reduction of trail commission: FIFA, FIAI to meet AMFI..!

Foundation of Independent Financial Advisors (FIFA) & Financial Intermediaries Association of India (FIAI), an association of national distributors will meet AMFI soon on reduction of trail commission.
Mr. Dhruv Mehta, Chairman, FIFA told Cafemutual “We will request AMFI that the industry should share the impact of reduced cost equally among fund houses and distributors.”

Many mutual fund houses have reduced trail commission to the extent of 0.15% to 0.20% (15 to 20 bps) following rationalization of Total Expense Ratio (TER) SEBI.

Earlier, SEBI has revised the definition of top cities and beyond top cities for additional TER. It has also reduced expenses charged in lieu of exit to 0.05%. Both these changes have led to reduction in overall TER and trail commission.


Reduction of trail commission: FIFA, FIAI to meet AMFI..! Reviewed by S. Chitra on June 23, 2018 Rating: 5 Reduction of trail commission: FIFA, FIAI to meet AMFI..! Foundation of Independent Financial Advisors (FIFA) & Financial Intermed...

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