Come October and your half-yearly mutual fund statement will reflect the commission earned by your distributor. Sebi wants investors to know more about what happens to their investments by now getting into sharing the remuneration of AMC personnel and also what distributors earn by way of commissions. So, you will get to know the salary of CIOs, CEOs and fund managers of all AMCs on their website. Distributor’s commission will be in absolute rupee terms and for each MF scheme that you may have invested in.
For you as an investor, such transparency will be useful to understand how you are being charged for the services being offered. Beyond that, you should not read too much into so much transparency because there is no way you can change the distribution commission or salaries of top officials. Yes, the transparency could lead to heartburn among industry players who would get to know who earns how much.
Transparency extreme
Remuneration of AMCs personnel and distributor's commission to be shared
Transparency extreme
Transparency extreme
