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In India, the minimum or maximum rate of commissions` payable to distributors is decided by

 
distributors
AMC
SEBI
trustees of the mutual funds

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There are no SEBI regulations regarding the minimum or maximum commission that distributors can earn. however, SEBI has mandated to disclose the total commission and expenses paid to distributors.

In India, the minimum or maximum rate of commissions` payable to distributors is decided by ?