At the end of the day, investors must recognise that regulators are there to build laws and frameworks but not to judge on ethics. We are clear that ethical business practices must always stay at our forefront and we are honoured that, as the 29th mutual fund house in the country, we had the courage to challenge the distribution system two years before the regulator decided to take the first step in what we believe is a necessary journey.
The writer is director, Quantum AMC
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