Sebi plans to cap mutual fund commissions to curb mis-selling
Tuesday, July 24, 2018, 7:10 PM
The stock market regulator is planning to cap mutual fund distributor commissions in an attempt to check mis-selling, three people aware of the matter said. The Securities and Exchange Board of India (Sebi) plans to cap lifetime distributor commissions for fixed-income schemes at 1.5-2% and equity-oriented mutual fund schemes at 4-5% so that upfront commissions too come down automatically, source said.
Invesco Mutual Fund launches Invesco India Equity & Bond Fund
Tuesday, June 12, 2018, 10:49 AM
Invesco Mutual Fund has announced the launch of its new fund, Invesco India Equity & Bond Fund. The New Fund Offer opened for subscription on 11 June and it will continue till 25 June. Equity exposure of the schemes will be in the range of 65% to 80% whereas investments in debt and money market securities will be around 20% to 35%.