What is the difference between Mutual Fund Distributor and Investment Advisor?

What is the difference between Mutual Fund Distributor and Investment Adviser?

In a way, both are supposed to help with your investment decisions, which may include selection of Mutual Fund schemes. However, as the name itself suggests, a Mutual Fund distributor is more likely to be focused on Mutual Fund products, whereas an investment advisor may have a broader basket of products and services.

Does it mean that a Mutual Fund distributor would sell any Mutual Fund scheme to the investors just to earn commission? Well, the regulations are very stringent in this regard. If a Mutual Fund distributor sells a Mutual Fund scheme that is not suitable for the investor that would qualify as “mis-selling”, which is an offence.

A Mutual Fund distributor is required to understand the investor’s situation/risk profile and recommend products suitable for the

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