Sebi, Amfi incentives bring back mutual funds distributors

Jan 22 2013, 10:43 IST
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There has been a significant rise in the number of distributors queuing up for renewal of their AMFI registration numbers.  (Reuters) There has been a significant rise in the number of distributors queuing up for renewal of their AMFI registration numbers. (Reuters)
SummaryThe mutual fund industry is showing signs of revival.

October to 535 in November and was up to 875 in December

* The industry witnessed more than 700 new registrations in the quarter ended December 2012

* After Sebi introduced no entry load in Aug 2009, several distributors had moved out

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