Sebi’s new proposal may lead to Rs 1,400 crore blow to mutual fund houses
The asset management companies are facing a Rs 1,400 crore shock from the markets regulator, Sebi, which has proposed a cap on fees. This would lead to under-recovery of Rs 1,402 crore. The new proposed changes, which may get implemented after 6 months, are part of Sebi’s plan to improve transparency and pass on the benefits of economies of scale to investors.
