Ban UpfrontNo. of comments:51 V GANESAN, chennai, 30041 On 05-Dec-2014It is nice to hear for banning upfront from SEBI and allow all trail model.
I am welcoming it .Instead of encouraging long term investments AMC s are trying to garner maximum assets byway of new schemes in each and every bull run By way of huge upfront.Most of the money received inthese schemes are churning from existing schemes.I request amc s to reward distributors for an asset staying more than 5 to 6 years.most of my assets are more than 7 to 8 years old.Iam receiving meagre trail fee for those assets.But iam not indulging in churning assets because of high upfront in close ended NFO s.Kindly take up this matter with amc and amfi to encourage some special bonus amount for those kind of assets.