Amid rising incidents of unregistered entities providing misleading stock recommendations to investors, HDFC Asset Management Company Chairman Deepak Parekh on Friday stated that mutual fund (MF) distributors can play an important role in driving financial literacy and ensuring investors remain invested for the long-term.
“In an era of easy online access of information or what is called the proliferation of “The WhatsApp University”, there is also a lot of misinformation and mis-selling, despite all the safeguards put in place by the regulator.
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