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SEBI's new fee cap could save you money, but...
Business
SEBI is thinking about cutting the brokerage fee mutual funds pay from 12 basis points to just 2, hoping to make investing cheaper for everyone.
But this plan has some in the industry worried—it could make it harder for asset managers to afford good research, which might hurt how well your funds perform.
SEBI is consulting industry experts to finalize the new fee cap
SEBI aims to keep investment costs low while considering the challenges faced by fund managers who rely on solid research.
They're talking with industry experts and plan to settle on a new fee cap by mid-November.
The goal: find a fair balance so investors and fund managers both win.