SEBI plans to lower extra costs charged by mutual funds

SEBI plans to lower extra costs charged by mutual funds

Security and Exchange Board of India (SEBI) is thinking about to reduce the extra costs charged by mutual funds on 15 basis points. This move of SEBI is aimed to expand penetration of such products among investors. The officials said that the extra cost charge on mutual fund proposal will be discussed at a meeting this week. They also added that the additional expense of 20 basis points might be decreased to 5 basis points across all mutual fund [...]

Read more...