SEBI’s latest mutual fund expense circular is progressive, investor-friendly and will have a negligible impact on AMCs’ profitability, says Aditya Birla Sun Life MF CEO A Balasubramanian. The new rules bring clarity on expense segregation, cap brokerage costs, encourage innovation and reduce interpretational ambiguity, while offering marginal cost benefits to investors.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets