While clarity on operational aspects of the recently announced policies is still awaited, AMCs are looking to act on these policies at the earliest
Most of the AMCs are planning to start implementing the transaction charge of Rs100 - Rs150 in a month’s time, say industry officials.
Besides, the basic implementations of the transaction charge, the AMCs are also drafting the various operational issues in the new policies to hand it over to AMFI. The industry body will then discuss the issues with Sebi.
AMCs are seeking more clarity on a few things like definition of a first time MF investor, prevention of practices such as splitting applications.
A few AMCs are planning to pay transaction charge on certain products like equity and balanced products only while others are contemplating on whether to charge the fee on the entire range.
