RBI mulls cap on banks’ group mutual funds sales

Jun 03 2014, 08:49 IST
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RBI planning to introduce a cap on the percentage of mutual fund products of group AMCs that banks can sell. (Reuters) RBI planning to introduce a cap on the percentage of mutual fund products of group AMCs that banks can sell. (Reuters)
SummaryCap on bank sales of 'own' mutual funds products would benefit fund houses as well as investors.

banks asking them to junk the agency model for the new broking model, wherein banks sold insurance products of several insurers.

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