Ch.4 · SEBI Mutual Fund Regulations · hard
What is the 'Additional Expense' that SEBI permits AMCs to charge over and above the basic TER?
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EXPLANATION
SEBI permits AMCs to charge an additional expense of up to 0.30% per annum over the basic TER limit for inflows from B-30 (beyond top 30) cities. This additional expense is meant to incentivise distributors and AMCs to expand mutual fund reach to smaller cities.
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