Saturday, September 15, 2012

SEBI HAS LOTS FOR FIRMS, INVESTORS; INVESTMENT ADVISORS UNDER WATCH

Mutual Funds


  • Total expense ratio for MFs made fungible.
  • Extra TER of up to 30bps for new inflows beyond top 15 cities.
  • Service tax to be borne by investors.
  • Exit loads to be credited to the scheme, AMCs can charge extra TER of 20 bps.
  • Long-term policy for MFs on the anvil.
  • E-IPOs a reality.
  • Incentives for ASBA.

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