SEBI chair says decision on MF overhaul on brokerage and TER cap ‘a balanced version’ after consultations
The board also approved changes to the total expense ratio framework by excluding statutory and regulatory levies such as securities transaction tax, GST, stamp duty, SEBI fees and exchange charges from the base expense ratio. For index funds and exchange-traded funds, the base expense ratio has been fixed at 0.90%, compared with the earlier 1% cap that included levies.
AloJapan.com