Page 20 - BANKING FINANCE November 2018

U UA UN

Ma in ra Mu ual un S u e en e ra io in o la o Mu ual un
Se i has reduced the total e ense at er cent and the rest at er
laun e new e e
ratio R asis oints in the to cent De t unds get charged si i
Mahindra Mutual und launched
sla or oth e larl ut the
ne o en
uit and de t u charges are
ended e
tual unds he s lo er or
uit sche e
arket regulator each o the sla s
Ma h i n d r a
said that utual Market artici
R u r a l
und industr ants sa that
harat and
should ado t the cost a co e
Consu tion ojana
ull trail odel o do n
he sche e is ai ed at in estors co ission in all asis or e uit
seeking long ter ca ital a recia sche es ithout a ent o an o en ended sche es Se i also said
tion in esting redo inantl in u ront co ission or u ronting o that or closed ended and inter al
e uit and e uit related instru an trail co ission sche es R or e uit oriented
ents o entities engaged in and or sche es shall e a a i u o
Se i announced the ne sla s o charg
e ected to ene it ro high er cent and or other than e uit
ing R or e uit and de t sche es
gro th o inco e and consu tion oriented sche es shall e a a i u
or assets under anage ent M
in rural arts o the countr o er cent
o Rs crore R or e uit ori
shutosh ishnoi MD and C
ented sche es is er cent or Currentl und houses gi e u ront
Mahindra Mutual und said e e
M o Rs crore it ill e co issions ro their ro its and it is
ect ndia s higher D gro th to
er cent Rs crore it ill e an here et een asis oints to
e contri uted ositi e de o
er cent and or Rs
gra hic di idend and i ro e ent er cent hile trail co ission
crore it ill e er cent Sche es
in consu tion attern ro Rural is around er cent here are se eral
ha ing M o Rs crore
ndia Mahindra Rural harat and distri utors ho take onl trail co
ill ha e R o er cent or M
Consu tion ojana ro ides in es issions o er cent ront co
o Rs crore
tors an o ortunit to artici ate in issions ere er high or the closes
ndia gro th stor redo inantl in ended e uit sche es and in an
arlier Se i s M regulations allo ed
Rural ndia in esting in ell di er
the irst Rs crore o an e uit cases it ent to as high as er cent
si ied e uit ort olio o unda en
sche e s net assets get charged at icall und houses a er cent
tall strong and ell kno n co a
er cent the ne t Rs crore at u ront or close ended e uit
nies he said
er cent the ne t Rs crore sche es
20 | 2018 | NOVEMBER | B N N N N E