Sebi fines Nippon Life India Asset Management, trustee in charging TER to AMC books case
Markets regulator Sebi on Thursday imposed a penalty of Rs 3 lakh on Nippon Life India Asset Management Ltd and Nippon Life India Trustee Ltd in the matter of charging total expense ratio (TER) to asset management company books.
Individually, the regulator levied a fine of Rs 2 lakh on Nippon Life India Asset Management and Rs 1 lakh on Nippon Life India Trustee. Image: Official Website