Friday, April 15, 2011

MFS FLEXIBLE COMMISSION REGIME IN COMING DAYS

Securities & Exchange Board of India (SEBI) has said that mutual funds should segregate the load
balance into two accounts - one to reflect the balance on July 31, 2009, and the other to reflect
accumulation since August 1, 2009. Securities & Exchange Board of India (SEBI) said that funds
can use the exit load accumulated after July 31 to pay fees to distributors. The regulator, in an order
on June 2009, had placed restrictions on the use of exit load proceeds.

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