SEBI's measures reduced investment in mutual funds

SEBI's measures reduced investment in mutual funds: According to a recent report

New Delhi. Investor-friendly measures by capital market regulator Sebi have reduced investment costs in mutual funds. According to a recent report, these measures include a restriction on deducting commissions from investors earlier and measures like cutting most expenses early and tying the limits of such expenses. According to a report by market research and consulting firm Morningstar India, the steps taken by the Securities and Exchange Board of India (SEBI) have improved the level of fees and expenditure in India to 'average' which was earlier 'below average'. In this case, India's level is above that of American, European and Asian countries like Belgium, Canada, France, Germany, Hong Kong, Spain, Singapore, Italy, Mexico, and Taiwan.

According to the Morning Star Global Fund Investor Experience (GFIE) 2019, the level of fees and expenses in India has improved on average. In the 2017 study, it was below average. With the initial commission, initially most of the cost recovery (front load) was halted and the total expense ratio (TER) was reduced. The measures have made India better than ever. ”Meanwhile, CARE Ratings said that the assets under management of the country's mutual fund industry grew nearly 4 percent to 25.47 in August 2019. Reached Rs. It was Rs 24.53 lakh crore in July. The industry's asset base grew by Rs 1.68 lakh crore in the first five months of the current financial year.