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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