Sebi allows registered investment advisers to get details of their clients’ investments in direct plans; customers get served and they save on cost. Photo: Aniruddha Chowdhury/MintMumbai: The distinction between a registered investment adviser and a mutual fund distributor just got sharper. The third consultation paper goes a step further and now tells advisers and distributors to choose—either become advisers or distributors, not both. The latest consultation paper gives time till 31 March 2019 to distributors and advisers to make a choice,Here’s what the third consultation paper from Sebi means for investors. If my brother—who is an independent person—chooses to be a mutual fund distributor, why should that prevent me from being an adviser?

Source: Mint January 04, 2018 05:26 UTC