HDFC AMC, Nuvama, Nippon, Other AMC Stocks Sink up to 9% on SEBI’s Mutual Fund Fee Structure Revamp Proposal
Sebi aims to reduce mutual fund costs by removing additional charges and tightening brokerage limits, enhancing transparency for India's investors, the draft proposes.
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HDFC AMC, Nuvama, Nippon, other AMC stocks sink up to 9% on SEBI’s mutual fund fee structure revamp proposal
Nuvama Wealth Management shares fell as much as 8.91%, followed by Nippon Life India Asset Management share price, which dropped 6.92%. HDFC Asset Management Company shares declined 6.39%, while 360 ONE WAM stock price fell 5.64%.
SEBI plans big overhaul in mutual fund rules to cut costs and boost transparency
Mumbai, Oct 29 (IANS) The Securities and Exchange Board of India (SEBI) has proposed major changes to the way mutual funds are managed in the country. The market regulator aims… Continue reading SEBI plans big overhaul in mutual fund rules to cut costs and boost transparency The post SEBI plans big overhaul in mutual fund rules to cut costs and boost transparency first appeared on Australia India News.
HDFC AMC, other AMC & capital market stocks crack up to 10% on Sebi’s MF fee revamp plan
Shares of major AMCs and capital market firms slumped up to 10% on Wednesday after SEBI proposed a major revamp of mutual fund fee structures. HDFC AMC fell 6.4%, Nippon Life India AMC 7%, and Nuvama Wealth 9%, as investors reacted to potential cuts in expense ratios and brokerage commissions under the new proposal.
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