Ch.6 · ARN and EUIN Rules · hard
What percentage of TER must AMCs mandatorily spend on investor education and awareness as per SEBI?
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EXPLANATION
SEBI mandates that AMCs must spend at least 0.02% of daily net assets (2 basis points) per year on investor education and awareness initiatives. This money is collected from the scheme's TER and used to fund campaigns like 'Mutual Fund Sahi Hai' and other investor education programmes.
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