[Resolved] Axis Bank Equity Fund - New IPO — Consultation Charge-Mutual Fund
Axis Bank has recently initiated one mutual fund in which they are charging Rs.250/- per application. While SEBI has clearly stated that no charges would be levied at the entry for any mutual fund.
Therefore I feel it is unjustified and calls for SEBI/or any relevant authority's attention. Some innocent public who are not aware of these rules have already given that money. Moreover, it is not clear in theirfund offer what sort of consultation they would provide in a new fund?
Guess how much money the Axis bank would earn on a 1 million application (2.5 crores !!!) just for nothing....
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Aug 14, 2020Complaint marked as Resolved