Business Standard

Sebi aims to prune costs further for MF investors, may bring GST under TER

GST, transaction charges could be made part of total expense ratio

Mutual Fund
Premium

Over the years, Sebi has endeavoured to lower the cost of investing for MF investors

Abhishek Kumar Mumbai
The Securities and Exchange Board of India (Sebi) is aiming to further reduce the cost of investing in mutual fund (MF) schemes.

Sebi is reviewing the fees and expenses charged by the industry and is planning to direct fund houses to bring all expenses paid by investors within the total expense ratio (TER), people aware of the development said.

At present, the 18 per cent GST on the fund management fee is outside the purview of TER. Further, the expenses incurred while selling and buying of a security or a stock are not included in TER; they are included in the cost

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 17 2023 | 6:52 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com