Sebi exploring options to let mutual funds charge higher fees with all expenses: Report
asset management companies (AMCs) by 20-80%, said the second source. The other option is to exclude brokerage and taxes but the investor fees will be lower, the sources said.
Arbitrage funds that buy and sell securities frequently and hence have a higher tax burden, will be allowed to choose the second option, the sources added. Both options were discussed with an internal committee finalising rules on July 21, according to the first source.
SEBI's discussion paper on mutual fund fees, first released on May 18, drew the ire of the industry, prompting the regulator to defer a decision to it June 29 . At a news conference following the board meeting, SEBI's chairperson, Madhabi Puri Buch, said the regulator would issue a fresh discussion paper which will make the industry “quite happy."
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