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Rules & regulators
A mutual-fund plan that pays a commission to the distributor who sold it, out of a higher expense ratio. Same portfolio as the direct plan, lower returns by the commission.
An IA cannot earn distributor commissions from its advisory clients. Advice from an IA is usually carried out through direct plans, where no commission is paid.
A mutual-fund plan that pays a commission to the distributor who sold it, out of a higher expense ratio. Same portfolio as the direct plan, lower returns by the commission.
An IA cannot earn distributor commissions from its advisory clients. Advice from an IA is usually carried out through direct plans, where no commission is paid.