The Securities and Exchange Board of India (Sebi) has proposed several changes in the way mutual fund investors are charged. It wants the total expense ratio, or TER, to be made inclusive of all heads so that investors don’t have to contend with a slew of charges overlaid on a base expense ratio prescribed by the regulator. This would enable a transparent calculation of charges, which currently can exceed vastly the regulatory basic expense limit owing to the overheads—such as on account of brokerage, certain commissions and exit load—allowed over it.
7 best practices to keep your money safe from fraudsters
Read More
