SEBI Makes Direct Mutual Fund Plans Default, Pushes Transparency on Costs and Commissions
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7 Articles
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From mutual fund investments to pensions: Major rule changes kick in from November 1
New Delhi, Oct 31 (SocialNews.XYZ) A number of financial and regulatory changes are set to come into effect from November 1, impacting mutual fund investors, pensioners, telecom subscribers and businesses covered under the Goods and Services Tax (GST) framework. One of the key changes relates to mutual fund investments, as all asset management companies (AMCs) will be required to make direct plans the default option on their digital investment p…
Do you also invest in mutual funds? If yes, then there is big news for you. Market regulator SEBI has taken a very important decision keeping the interests of investors paramount. This new rule, which will be implemented from November 1, will make the investment process easier and will benefit investors.
Direct Mutual Fund Plans to Become Default Option
The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey announced that direct mutual fund plans will be the default choice on digital platforms of asset management companies starting November 1. This change aims to streamline investment options for consumers, making direct plans more accessible while ensuring that investors are aware of their […]
Mumbai (Uttam Hindu News) – Direct plans will be the default in mutual fund schemes on the digital platforms of asset management companies (AMCs) from November 1. This information was given by the Securities and Exchange Board of India (SEBI). The post Investors will now get higher returns in mutual funds, changes made regarding direct plans appeared first on uttamhindu.com.
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