Whalesbook
The Securities and Exchange Board of India (SEBI) has proposed reducing brokerage charges for mutual funds to enhance transparency. The suggested limits are from 12 bps to 2 bps for cash transactions and 5 bps to 1 bps for derivatives. SEBI also aims to exclude statutory levies like GST, STT, and stamp duty from the Total Expense Ratio (TER). While the mutual fund industry has raised concerns about research costs, SEBI stressed that hidden charges are unwelcome and research should be covered within investment management fees.