Mutual Fund distributors to get prized for reaching targets
January 19th, 2007
Mutual Fund Houses are coming up with attractive schemes for its distributors who reach the targets by selling of funds – both of NFO or existing funds. While a leading mutual fund house is giving World Cup Tickets, others are giving free trips to Brazil, Bali or Dubai Shopping Festival. The prizes and gifts scale from a parker pen to an LCD TV too.
The money for these prizes however will not be shed directly from the investor money but from the expenses of the fund houses which is actually an indirectly from the investors load structures.
Entry Filed under: Mutual Funds
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