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According to media reports, SEBI has clarified to AMFI’s query on nomenclatures to be used by mutual fund distributor (MFD), by stating that MFD’s name should reflect that they are acting as a distributor of a financial product. SEBI said that MFDs entity name should not reflect or create an impression that they perform a role of IFA/adviser/wealth manager, but acting as a MFD and dealing with distribution of mutual funds.