A regulatory overhaul of how commissions are paid will shake up the segment estimated to account for about half of India's ₹81 trillion
For equity-oriented schemes, BER will now range from 2.10% for assets up to ₹500 crore to 0.95% for assets more than ₹50,000 crore. It comes into effect from April 1.(Reuters)
For equity-oriented schemes, BER will now range from 2.10% for assets up to ₹500 crore to 0.95% for assets more than ₹50,000 crore. It comes into effect from April 1.(Reuters)
About 90% of distributors, who contribute about 40-50% of the mutual fund industry's assets under management, worth ₹81 trillion, are likely to be non-GST-compliant, say experts. New rules will make compliance difficult for them, forcing them to partner with larger platforms.