Whalesbook
The Securities and Exchange Board of India (Sebi) is proposing significant cuts to mutual fund brokerage fees, aiming to reduce investor costs. Cash market brokerage could drop from 12 to 2 basis points, and derivatives from 5 to 1 basis point. To assess this, the Association of Mutual Funds in India (Amfi) is collecting 10 years of transaction data from fund houses. This aims to prevent investors from double-paying for research and control trading expenses, with the feedback deadline extended to November 24.