More than two years after the capital market regulator Sebi initiated an exercise to review and rationalise the total expense ratio (TER) of mutual funds, the watchdog has indicated at a ‘status quo’ on the matter that had evoked strong responses from the mutual fund industry.
In an exclusive interaction with Moneycontrol, Sebi chairman Tuhin Kanta Pandey said the TER issue is not currently under review even as the regulatory body is looking at simplifying most of the regulations with an aim of ‘optimum regulation’.
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