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RTI: Why SEBI Reducing Mutual Fund Charges Without Consumer Request?

LOW MUTUAL FUND SELLING COMMISSION HITTING MILLIONS OF AGENTS REVENUE. 
70% AGENTS LEFT THIS BUSINESS DUE TO LOW COMMISSION.
LACK OF UNITY IN AGENTS HITTING THERE INTEREST.
Mumbai: SEBI is reducing mutual fund entry load since last 10 years so that investors will benefit from it. The real fact is that the agents are not getting revenue to survive in the mutual fund advisory business. Many times they are not getting travelling cost to get the business. The agents are getting only 0.50 % commission on each selling. The average purchase is Rs5000 to 7000 per consumer. 
As per RTI reply the SEBI officers are reducing the charges without any request from investors or consumers. The SEBI is making policies against consumer interest and hitting the mutual fund business. 



Final Status of   SEBIH/R/2019/50446



Applicant NameSapan Shrivastava
Date of receipt15/06/2019
Request Filed WithSecurities and Exchange Board of India (SEBI), Head Office
Text of ApplicationThe SEBI is reducing charges in Mutual fund as per public demand
RTI Question
Number of request or demand received by SEBI from public or consumers to reduce charges in Mutual fund from 2009 to 2019 in number and year wise.
Request document (if any)
StatusREQUEST DISPOSED OF as on 12/07/2019
Date of Action12/07/2019
RemarksReply :- Pl. see attachment.
Reply Document

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