The Securities and Exchange Board of India (Sebi) is likely to lower the ceiling for the total expense ratio (TER) charged by mutual funds (MFs).
The TER is a percentage of a scheme’s corpus that a fund house charges towards administrative, management, and all other expenses.
Sources said Sebi wanted the TER ceiling to be lowered to two per cent from 2.5 per cent. The regulator might further bring it down to 1.5 per cent in phases, sectoral players said.
7 best practices to keep your money safe from fraudsters
Read More
