Nexus between AMCs and distributors and its impact on investor wealth

IF 2.1 4区 经济学 Q2 ECONOMICS
Harsimran Sandhu , Soumya Guha Deb
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引用次数: 0

Abstract

This study explores the relationship between AMCs and distributors in India, analyzing the effects of distributor commissions on mutual fund performance and AUM growth of equity funds. While commissions may temporarily boost AUM growth, they often lead to high-expense, underperforming funds, ultimately harming investors. Fund ratings, driven by performance, significantly influence AUM growth, but the negative impact of commissions on ratings can trigger a vicious cycle, hindering long-term growth.
AMC 与分销商之间的联系及其对投资者财富的影响
本研究探讨了印度资产管理公司与分销商之间的关系,分析了分销商佣金对共同基金业绩和股票基金资产管理增长的影响。虽然佣金可能会暂时促进资产管理规模的增长,但它们往往会导致高费用、表现不佳的基金,最终损害投资者的利益。由业绩驱动的基金评级对资产管理规模的增长有重大影响,但佣金对评级的负面影响会引发恶性循环,阻碍长期增长。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Economics Letters
Economics Letters ECONOMICS-
CiteScore
3.20
自引率
5.00%
发文量
348
审稿时长
30 days
期刊介绍: Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.
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