Commission to Distributor on own InvestmentsNo. of comments:192 Viraf, Mumbai, 17551 On 19-Feb-2015
Why can't a Distributor of Mutual Funds get Commission on his own investments in schemes of Mutual Funds? By placing his own money in M F Schemes, he can even project his confidence and conviction to his prospective clients that he himself has also invested in the Scheme - all other things being equal.
With Corporate Fixed Deposits, LIC Premiums, GIC Premiums, etc it is rightfully available, then why not here!
At least now there are 'Direct' Plans, but his AUM does not increase!
Please raise your voice against this gross discrepancy which I feel is an injustice to Distributors