 "mutual funds, commission, investors, investments")
Domestic asset management companies (AMCs) will soon have to invest a significantly higher sum in their own schemes.
The Securities and Exchange Board of India (Sebi) has issued the framework aimed at to aligning the interest of the AMC and the unit holders. Under this, AMCs will now have to invest between 0.03 per cent and 0.13 per cent of the scheme corpus based on the risk levels of the individual schemes.
According to a calculation by Business Standard, the top 10 active equity schemes in terms of assets would collectively require investments of around Rs 365 crore—up from mandated
