23
Nov
#AMFI #SEBI #TERCut #MutualFunds #IndianFinance #CapitalMarkets #BrokerageFees #InvestmentNews #FinancialRegulation #IndianEconomy Mumbai: The Association of Mutual Funds in India (AMFI) has formally requested the Securities and Exchange Board of India (SEBI) to maintain the status quo on the current Total Expense Ratio (TER) structure for mutual fund schemes. This opposition is primarily aimed at SEBI's draft consultation paper proposing significant cost reductions across the industry. Key Objections Raised by AMFI: Proposed TER Reduction: SEBI has proposed a 15 basis points (bps) uniform cut in the maximum permissible TER for equity funds across all AUM slabs. Example: The highest TER for equity…