The Securities and Exchange Board of India (SEBI) will not reintroduce the amount charged by mutual funds to cover marketing expenses, Hindustan Times reports. The amount, known as load, was paid to distributors and agents from the investor investment component. The load was 2.25% for equity schemes.
SEBI banned the load in 2009. In case investors seek to pay the distributor, they have to pay it separately for the service offered. The Indian regulator has also formed a committee to explore solutions that can help the mutual fund industry grow.
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