ULIPs: Existing investors should stay invested

The no-load regime, which should have probably brought cheers among investors, however, turned out to be a nightmare for MF distributors as well as the manufacturers of MF products. In a country were financial literacy is still at a very nascent stage, convincing the investor to knowingly and willingly pay a commission for making such investments, was out of bounds for the distributors, resulting in a virtual boycott of sale of the MF products by the distributor community.