News From Press What digital mutual fund platforms can charge: Takeaways from SEBI's response to Paytm Money's queries

What digital mutual fund platforms can charge: Takeaways from SEBI's response to Paytm Money's queries

The regulator says no charges can be levied for KYC, technology or payment gateway services. Advice fees can be charged only after investors okay all the terms and conditions

Moneycontrol May 1, 2021

Earlier this month, the Securities and Exchange Board of India (SEBI) clarified that online platforms offering direct plans of mutual funds (MFs) cannot charge any fees, either to investors or fund houses, except for advisory services. SEBI was responding to a letter sent by Paytm Money, which is registered with as an investment adviser (IA). Other online platforms also have IA licenses, and need to comply with SEBI’s regulations for IAs.

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