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New Delhi: Capital markets regulator Sebi on Thursday extended the timeline till June 8 for submitting public comments on the proposed sweeping changes to mutual fund’s expense ratio.
The proposal is aimed at curbing distributor practices of unnecessary switching of schemes and pushing new fund offerings for higher commissions. Sebi had placed a consultation paper on the review of the total expense ratio (TER) charged by AMCs to unit holders of fund schemes on May 18 and sought comments till June 1 on the proposal.
Now, it has been decided to extend the timeline for submission of comments to June 8, the regulator said. TER accounts for the fees and expenses charged by asset management companies (AMCs).
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