 "mutual funds")
The Rs 33-trillion domestic mutual fund (MF) industry will be required to make thousands of crores of investments in its own schemes to meet the Securities and Exchange Board of India's (Sebi’s) new skin-in-the-game framework approved by its board last month.
Sebi’s expert group had proposed an investment between 0.03 per cent and 0.25 per cent. However, this would have entailed an investment of around Rs 3,953 crore - 5x the total existing investment.
According to a disclosure by Sebi, AMCs will have to invest 0.03 per cent in schemes with ‘low’ risk profile and 0.13 per cent in schemes with ‘very
