" MFDs have to Disclose to the investors all material information including all the commissions (in the form of trail or any other mode) received for the different competing schemes of various Mutual Funds from amongst which the scheme is being recommended to the investors"
According to SEBI, MFDs cannot deal in direct plans. MFDs shall ensure that on any digital platform provided by MFD for offering investment facility to investor, it is categorically disclosed that the scheme the investor is subscribing to is of ‘Regular Plan’ which involves payment of commission to MFD.
Every MFD website should now have following two links or Buttons prominently displayed at the footer :
1. About the commission Disclosure ( Link to landing page)
2. About the AMFI Code of conduct ( Link to landing page)
You can get the pages created and displayed in your existing website by your own , using the FTP or can order us for creating these two disclaimer buttons with your branded landing pages by paying Rs 750/- plus Taxes one time :
ARM Fintech Consultants (P) Ltd has all the new contact details now . Please remove all the existing contact details from your records and use only the given details for contacting us : Telephony : 90-1521-1521 extension 10 to 17 Monday to Friday : ...
We at FinnSys is regularly taking the inputs from our users and internal team members to add, edit or upgrade the features and utilities for best benefit of MFDs. In our recent 'Upgrade Release' going on 24th May 2022, you will find some useful ...
How to create a distributor? You can create the Distributor or Staff or RM etc with their sharing pattern . Simply go to your Admin Panel > Business Management > Distributor Network Is it compulsory to Enter EUIN to create sub brokers or referees ...
Direct plan is an option for investors but some fintech companies are using this plan to misguide and deviate investors from the key objective. Beware of such wrong presentations against Regular Plan in Mutual Funds - evaluate your case properly We ...
Why my KARVY transaction file is not uploading? Effective 10 March, 2021, we have stopped the import of KARVY Transaction mail-back MFSD 201 file ‘WITH SPLIT’ option and now only allow import using “WITHOUT SPLIT’ option. This has been done to ...