The mutual fund industry heaved a sigh of relief with capital market regulator SEBIconsidering to issue another consultation paper on reduction in Total Expense Ratio(TER) charged on investors after it was satisfied with economies of scale achieved by the industry.
Madhabi Puri Buch, Chairperson, SEBI said it got feedback from the MF industry and more granular data for last 5 years that demonstrated that economies of scale have, in fact, been achieved to quite an extent.
