SEBI's ruling on mutual funds will bring in new models of distribution and eventually make the industry stronger
From August 2009, the Indian mutual fund industry will change its distribution model under an order from the Securities and Exchange Board of India. The regulator has done away with entry load for schemes. This will cause a lot of turmoil for all three parties involved: Mutual fund companies, investors and the distributors who handle 90 percent of the transactions.
How will the industry change?(This story appears in the 31 July, 2009 issue of Forbes India. To visit our Archives, click here.)