SEBI’s mutual fund overhaul reccos: Lower brokerage, greater transparency, better disclosures
In a sweeping reform that could save millions of Indian mutual fund investors crores in hidden costs, the Securities and Exchange Board of India (SEBI) proposed slashing brokerage charges by a staggering 83 per cent for equity trades and 80 per cent for derivative transactions.
The market regulator unveiled a comprehensive overhaul of 29-year-old mutual fund regulations earlier this week,