Sanjay Shah discusses the impact of the latest AMFI circular on mutual fund distributors and the opportunity it presents for wealth relationship managers. SEBI’s comment on smallcap, midcap categories has led to a shift towards balanced advantage and largecap categories. Shah says: “Overall, we believe it is a good thing. It will definitely spur competition. The distributors have to pull up their sleeves and become more competitive on product basket, innovations, and services.”
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