Big worry! This is why HDFC AMC, Reliance Nippon Life AMC need to fret
The market regulator, on Tuesday, announced a slew of proposals approved by its Board, including a downward revision in the total expense ratio charged by the fund houses. Sebi capped the fees charged by AMCs in the range of 1.05-2.25% for open-ended equity schemes, depending on the asset size of the companies.
An AMC having assets over Rs 50,000 crore can charge a TER of 1.05%, while a fund house with an asset up to Rs 500 crore can charge a TER of 2.25%. Image source: Reuters