Big banks direct 80% of inflows into own MFs


Most banks that sell mutual fund products through their distribution channels claim they sell investment products of all asset management companies without any preference towards their own products, but a recent internal study by capital market regulator Sebi tells a different story. An analysis by the Securities & Exchange Board of India (Sebi) has shown that distributors from big banks such as ICICI Bank and HDFC Bank direct 75-80% of all investments to their own mutual fund products, with HSBC being the rare exception, said sources privy to the regulator’s study.
http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/big-banks-direct-80-of-inflows-to-own-mutual-fund-plans-sebi-study/articleshow/14790669.cms

 

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