Sebi has released another consultation paper on proposed amendments to the Investment Advisor Regulations ET Wealth asked four experts whether the rules defined this time by Sebi are in favour of investors. "Separating the investment advice business from execution business will make sale and distribution of mutual fund products more transparent. According to the Sebi (Investment Advisers) Regulations, 2013, mutual fund distributors are allowed to give basic or incidental advice in relation to the investment without registering themselves with the regulator. Since educational qualification for registration as investment adviser is more stringent than for becoming a distributor, the investor will benefit. First, it requires a mutual fund distributor to not mis-sell and choose appropriate schemes for investors.

Source: Economic Times July 03, 2017 00:56 UTC