Sebi has mooted Execution-Only Platforms, which will serve investors’ transaction needs at low or negligible cost
The story of how mutual funds are bought and sold in India has added yet another chapter. Last week, financial regulator Securities and Exchange Board of India (Sebi) mooted the creation of a new kind of fund-selling entity named Execution Only Platforms.
Notably, these EOPs have come into existence first and are being recognised as a distinct type of entity afterwards, but more on that later.