February 17, 2023

SEBI Asks Mutual Funds To Lower Total Expense Ratio, Distribution Margins Likely To Get Affected

Duration: 01:30

1 hour ago

The Securities and Exchange Board of India (Sebi) has asked the mutual fund industry to add Goods and Services Tax (GST) and transaction cost to the total expense ratio of mutual funds, sources told CNBC-TV18. Sebi had called a meeting with top mutual funds of the country and the Association of Mutual Funds of India (AMFI) to discuss the rationalization of total expense ratio (TER). At the moment 12 percent GST and the transaction cost levied by distributors on investments are excluded from the tax expense ratio of mutual funds.#SEBI #mutualfunds #distributionmargins #cnbctv18#businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18:

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