Sebi mulls sharp cut in fees MFs charge investors
MUMBAI: Markets regulator Sebi on Tuesday proposed up to 15 basis points (100 basis points = 1 percentage point) cut in charges that investors pay to open ended mutual funds with the lowest slab at 0.9% for equity funds above certain threshold assets under management (AUM) and 0.7% for non-equity funds. Currently, the minimum charges…