Sameer Rastogi

Managing Director

Saksham Wealth Solutions P. Limited

K-101, Third floor, Lajpat Nagar – 2

New Delhi – 110024, India

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Since the time, Sandip Sabharwal has joined JM Fund House and Kenneth Andrade joined Standard Chartered, they have turned around the fortune of their fund houses. Here is the evidence of substantial outperformance of their funds.

We suggest investing in Standard Chartered Premier Equity Fund to aggressive investors.

No entry fee for direct applicants in MFs mooted

The Securities and Exchange Board of India proposes to waive the ‘entry load’ for investors making direct applications in mutual fund schemes.

SEBI said direct applications include the ones received through the Internet, submitted to AMC or collection centre or Investor Service Centre and are not routed through any broker, distributor or agent.

Analysts said the move would help the informed investors who did not require the advice of the distributor chain.

SEBI has ordered that the loads collected by the asset management companies for each scheme should be maintained in a separate account and be utilised towards meeting the selling and distribution expenses.

As the amount collected through the direct route accounts for only 5-10 per cent of the total amount collected in a fund, the AMCs will not be hit by the move, said fund houses.

Source: HBL news