MUTUAL FUND FEE REVISED
- Application fees payable by MF: Rs.1,00,000 instead of the earlier Rs. 2,500.
- Registration fees : Rs.5 million instead of the earlier Rs. 2.5 million.
- Service fees would now be referred to as annual fees and it would remain same at Rs. 2.5 million.
- Fees for filing offer documents would be 0.03% of the amount raised during the new fund offer, subject to minimum Rs.100,000. Earlier, filling fees were Rs. 25,000.
The Sebi has said that the revised
fees payable by mutual funds
would be for those schemes offer
documents for which were filed
on or after August 3, 2006.
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