AMFI has approached SEBI seeking proper action on advertisement posts of RIAs that offer bonus on Amazon Gift Cards in lieu of MF investments
Aug 06 2020
News Category: Industry Update
According to media reports, AMFI has approached SEBI seeking proper action by the capital market regulator on advertisement posts of RIAs that offer bonus on Amazon Gift Cards in lieu of MF investments. According to the mutual fund body, there should be level playing field between RIAs and MFDs. Accordingly, such short cuts are likely to undermine spirit of SEBI guidelines and hence it is necessary to stop such things.