AMFI recommends that MF distributors should continue to provide incidental advice
Aug 03 2017
News Category: Industry Update
In response to the consultation paper forwarded by the Securities and Exchange Board of India (SEBI), the Association of Mutual Funds in India (AMFI) has recommended that the mutual fund distributors should continue to provide incidental advice to their clients. The industry body is of the opinion that incidental advice is intrinsic to the activity of mutual fund distribution and is different from ‘investment advisory’ including financial planning and risk profiling.