SEBI Proposes Landmark Mutual Fund Reforms: Payroll SIPs and Distributor Unit Commissions
New Framework for Mutual Fund Flexibility The Securities and Exchange Board of India (SEBI) has released a draft framework proposing significant changes to the mutual fund investment landscape, most notably by allowing limited third-party payments. Released on Wednesday, the proposal aims to modernize operations by enabling payroll-based systematic investment plans (SIPs), unit-based commissions for distributors,…