The lowering of the caps on expense ratios by the Securities and Exchange Board of India (Sebi) is likely to make mutual funds cheaper and transparent for investors. Sebi has slashed the annual charges that fund houses levy and revised the existing slabs. The regulator estimates that the changes will translate into savings of Rs 1,300-1,500 crore for investors every year. Also on the chopping block was the practice of paying upfront commissions to distributors. They can now only be paid trail co ..
