Economics, Econometrics and Finance
4 years ago

Indian Mutual Funds Still Paying High Commissions Despite Reform Efforts

The World Bank Economic Review
On the Impact of Regulating Commissions: Evidence from the Indian Mutual Funds Market
Santosh Anagol, Vijaya B. Marisetty, Renuka Sane, Buvaneshwaran Venugopal

Paper Summary

Commissions in the Indian mutual funds market were regulated to protect investors. The reform aimed to reduce commissions paid to brokers by banning distribution fees. However, the study found that the reform did not decrease fund flows, suggesting that brokers still received substantial commissions through other revenue sources.

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