Sebi to introduce variable loads for mutual funds

Feb 16, 2009

Letting distributors and investors negotiate fees and services could give the beleaguered Indian funds industry a shot in the arm.

The Securities and Exchange Board of India (Sebi) is finalising plans to introduce variable loads on sales of mutual funds, according to executives at banks and fund houses in Mumbai. The move will bring Indian pricing structures in line with international norms and may also help boost sales in the flagging funds industry.

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