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FISHY FUNDS: Fund houses may be increasing investors' expenses by paying distributors extra commission.

FISHY FUNDS: Fund houses may be increasing investors

The truth behind those ELSS tax benefit schemes

If your mutual fund agent is pushing you to buy an ELSS scheme for tax benefit on investment, that may be least of his concerns. On the back of good returns and getting more investors, fund houses may be increasing your expenses by paying distributors extra commission upfront. That's the trail fee charge, which is ideally paid over three years.

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