Deputy chief executive officer Anand Shah to quit BNP Paribas AMC
The efforts are expected to make life easier for investors and boost mutual fund penetration
Under the cross-shareholding norms, a single entity cannot hold more than 10 per cent in more than one AMC
After the close of markets on Tuesday, Sebi capped the total expenses ratio of AMCs with equity assets up to Rs 500 billion from 1.75 per cent to 1.05 per cent
AMCS are looking for partnerships with SFBs AU, Equitas, Ujjivan and retail banks like IndusInd Bank and ICICI Bank