Friday, 24 March, 2023

Sebi proposes separate framework for mutual fund direct plans that offer execution-only services

<p>A unique structure was put forth by the market regulator Sebi for platforms offering execution-only services in mutual fund direct plans. A different plan is offered by Asset Management Companies for direct investments that are not routed through a distributor. According to the proposal, an organization that wants to offer execution-only services in mutual fund direct plans may be required to serve as a registered intermediary.</p>