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Sebi likely to scrap small town-linked incentive for mutual funds
Sebi likely to scrap small town-linked incentive for mutual funds
The Securities and Exchange Board of India (Sebi) is likely to scrap an incentive it allows fund houses for mobilising assets from smaller centres — called Beyond 30 (B30) in industry parlance. At present, mutual funds can charge up to 30 basis points over and above the total expense ratio (TER) on assets garnered from such places.
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