Market regulator Sebi initiates examination of fees and expenses charged by Mutual Fund houses
The study would endeavour to provide data as input for policy formulations, capital markets regulator SEBI said in a statement.
The Securities and Exchange Board of India (SEBI) on Friday said it has initiated a detailed study of fees and expenses charged by mutual funds.
The study would endeavour to provide data as input for policy formulations, capital markets regulator SEBI said in a statement.
The policies would seek to balance the need for facilitating financial inclusion, encouraging new participants, leveraging economies of scale, encouraging adoption of technology, discouraging cross subsidisation across schemes, closing arbitrage opportunities if any, and curbing malpractices if any.
The regulator has commenced "detailed study of existing provisions applicable for fees and expenses in mutual fund schemes vis-a-vis market practices".
Based on the study, if required, appropriate policy measures would be undertaken after following the established process of stakeholder as well as public consultation.
The move is part of an ongoing exercise to continuously align regulatory provisions to reflect the market dynamics and their impact on investor interest.
At present, there are 43 players in the mutual fund space, which together manages asset to the tune of over Rs 40 lakh crore.
With PTI Inputs
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold now down nearly Rs 6200/10 gm from all-time highs hit in October end: Should you wait or bet on opportunity?
Stocks To Buy For 2 Weeks: Axis Direct recommends buying these stocks for 5-15 day; check targets, stop losses
Top 5 mid cap mutual funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
08:44 AM IST