News From Press Single fund manager for commodity, overseas funds to reduce costs for MFs: Industry expert

Single fund manager for commodity, overseas funds to reduce costs for MFs: Industry expert

Source: ET Feb 28, 2024

Markets regulator Sebi's proposal of allowing mutual fund houses to have a single fund manager to oversee commodity and foreign investments is aimed at reducing the cost of managing the fund, a top official of Anand Rathi Wealth said on Tuesday. Sebi, on Friday, came out with a consultation paper proposing measures to support ease of doing business for Mutual Funds (MFs).

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