Sebi is focusing on the cost structure of mutual funds, concerned as it is about the high expense ratios of several schemes, particularly regular plans. Reports say Sebi is also probing the narrow difference in expense ratio of regular and direct plans of some fund houses. So are direct plan investors not getting the entire benefit of lower costs they are supposed to?
Direct plans were introduced by Sebi five years ago as a low-cost alternative to regular plans, sold through intermediar ..
