‘There is volatility, but there is also opportunity’

Last week, Mirae Asset Mutual Fund surprised the mutual fund industry by cutting the commission paid to distributors in three of its flagship schemes. The move, as expected, met with mixed reactions from the intermediaries. Swarup Mohanty, CEO, Mirae Asset, says the step is aimed to discourage heavy inflows in the mid cap, focused and tax-saving funds. Read the full interview. Mirae has decided to cut distribution fees in your mid cap, focused