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SEBI has come out with EOP guidelines which hugely impacts how Direct Plans are currently being sold in the country. Read on for finer details:

1) All online platforms to classify themselves as EOP1 or EOP2 which means an Execution-Only Platform

#mutualfunds #directplans #SEBI
2) Background - Most of the online platforms offering Direct Plans operate under the SEBI RIA (advisory) regulations but owing to the size & scale of business they act as mere facilitators of Direct Plans. They dont necessarily give full-fledged advisory services to clients.
3) To bring more clarity around such online platforms, SEBI has issued new circular which allows such platform to move from being advisory in nature to being execution paltforms.

4) All platforms will have to opt one mechanism --EOP 1 or EOP2.

#investing
#personalfinance
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