The capital market regulator may reduce the total expense ratio (TER), or the sum of all fees charged by an asset management company (AMC) for managing investor monies, in an attempt to curb any misselling in the industry, said two people familiar with the regulator’s thinking.
Three other people from the industry confirmed that the matter was under discussion.
The Securities and Exchange Board of India (Sebi) will take the matter up at its next board meet in February, said one of the two people quoted above.
Both requested anonymity as discussions are confidential and final decisions are yet to be taken.
