Ch.4 · AMFI Code of Conduct · medium
What does SEBI's regulation on 'Total Expense Ratio (TER)' primarily govern?
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EXPLANATION
TER (Total Expense Ratio) regulations set the maximum annual fee (as a percentage of daily net assets) that an AMC can charge to a scheme to cover management fees, administrative costs, and distributor commissions. TER slabs decrease as AUM increases — larger funds have lower TER limits.
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