Total Expense Ratio
Madhabi Puri Buch's 2nd yr in office: Pivoting towards a balanced approach
Buch-who oversees India's $4.7 trillion equities market-doesn't plan to rest on her laurels and has set out an ambitious goal such as moving towards instantaneous settlement cycle for secondary market
 "Madhabi Puri Buch's 2nd yr in office: Pivoting towards a balanced approach")
MF distributors call upon Sebi to dial down total expense ratio cuts
Urge regulator to ensure MF distribution remains financially viable
 "MF distributors call upon Sebi to dial down total expense ratio cuts")
Sebi's proposal on TER to curb mis-selling, bring in transparency
Sebi's proposed sweeping changes to mutual funds' Total Expense Ratio (TER) will curb distributor practices of unnecessary switching of schemes and pushing new fund offerings for higher commissions, experts said on Friday. TER accounts for the fees and expenses charged by asset management companies (AMCs). The Securities and Exchange Board of India (Sebi), in its consultation paper on Thursday, proposed the introduction of performance fees for funds. It proposed two approaches in this regard but also suggested testing the models under the Regulatory Sandbox. Considering the underperformance of most mutual fund schemes, the proposal to introduce performance-linked expense ratios along the lines of Portfolio Management Services (PMS) is a step in the right direction, Gopal Kavalireddi, Head of Research at FYERS, said. Globally, many markets have performance fee structures, but the prevalence of these is limited. Many times, performance fee structures tend to be too complex for inves
 "Sebi's proposal on TER to curb mis-selling, bring in transparency")
Sebi plan to prune MF costs: New expense slabs, no additional charges
Proposes to bring expenses like brokerage, transaction, and GST within the total expense ratio
 "Sebi plan to prune MF costs: New expense slabs, no additional charges")
AMC stocks find support from analysts despite tax blow to debt MFs
Recent correction factors in most negatives, valuations attractive, say brokerages
 "AMC stocks find support from analysts despite tax blow to debt MFs")
Sebi likely to scrap small town-linked incentive for mutual funds
This comes amid concerns about misuse of framework
 "Sebi likely to scrap small town-linked incentive for mutual funds")
Decline in equity flows may push up asset size needed by AMCs to break even
June saw equity inflows taper to Rs 240 crore, while July saw outflows of Rs 2,480 crore, the first time in four years
 "Decline in equity flows may push up asset size needed by AMCs to break even")
Credit risk erosion likely to weigh on debt business of mutual funds
Credit risk funds usually fetch between 1.5 per cent and 1.9 per cent expense ratio, depending on the fund house and size of the scheme
 "Credit risk erosion likely to weigh on debt business of mutual funds")
Decline in AUM to make equity MFs costlier, dent investor returns
An increase in TER could further dent investor returns, which have fallen significantly over the last month
 "Decline in AUM to make equity MFs costlier, dent investor returns")
Sebi has cut total expense ratio for MFs: Here's what this means for you
Read for a quick lowdown on everything that you need to know about mutual funds, TER, the latest Sebi order and the order's likely impact on you as an investor
 "Sebi has cut total expense ratio for MFs: Here's what this means for you")
