India distribution proposals face mounting opposition

As momentum gathers behind plans to overhaul how investment advice and products are sold in India, industry criticism of the proposed changes is growing louder. Fund managers and distributors in particular are hoping India’s markets regulator will tone down draft rules. Some have voiced strong opposition to the mooted new framework, though there are industry participants in favour of the plan. The key proposal by the Securities and Exchange Board of India (Sebi) is to separate t…