The new total expense ratio (TER) structure, proposed for mutual funds (MFs) by SEBI, will lead to lower GST and tax collection from the industry as the overall spend and profitability will come down.
In a bid to bring down the cost for investors, SEBI has proposed to shift the TER of MFs from scheme level to the overall asset under management (AUM) of AMC including all costs such as GST on management fees, brokerage and transaction costs and B-30 incentive.
Click here to read
Like what you are reading?
Login to get instant access to this article and many other such articles on business
development, success stories and industry updates.
Don't worry ... it's FREE!
