The Economic Times News

SEBIs new MF expense circular progressive, impact on AMCs negligible: ABSL MF CEO A Balasubramanian

SEBIs latest mutual fund expense circular is progressive, investor-friendly and will have a negligible impact on AMCs profitability, says Aditya Birla Sun Life MF CEO A Balasubramanian. The new rules bring clarity on expense segregation, cap brokerage costs, encourage innovation and reduce interpretational ambiguity, while offering marginal cost benefits to investors.