Tuesday, June 3, 2014

RBI mulls cap on banks’ group MF sales

RBI is planning to introduce a cap on the percentage of mutual fund products of group asset management companies (AMCs) that banks can sell to investors. The central bank is looking at capping the sale of group MF products/schemes by banks at 25-30%, said sources. An email sent to RBI remained unanswered at the time of going to press. Sources also said .........

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