The Securities and Exchange Board of India (Sebi) is proposing to change the way mutual funds charge investors total expense ratio - the annual fee that these asset managers collect from unitholders - as it looks at ways to further clamp down on mis-selling, said two people familiar with the development. The capital markets regulator may ask mutual funds to make expense ratio uniform for scheme categories such as equity or debt, said one of the two people.
India will be superpower by 2047, but not high-income economy: Martin Wolf
Read More
