Abolition of entry loads was one of SEBI’s best decisions

Abolition of entry load on mutual fund schemes was one of the best decisions by the regulator in favour of investors, says Kavasseri Narayanan Vaidyanathan , an executive director at Sebi in charge of mutual funds whose term ended on Thursday. Mutual funds should decide on incentives for distributors , in stead of middlemen dictating terms to the industry. “Entry load ban is one of the best decisions taken from an investors’ point of view. Although some parts of the industry has adapted to it and adopted new strategy, a number of them even today have not adapted to the change,” said Vaidyanathan in an interview with ET

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