The total fee charged to a mutual fund investor, or the expense ratio, should be inclusive of all expenses, including brokerage paid by fund houses to purchase shares or other securities, SEBI proposed in the consultation paper circulated on Thursday evening.
"The final norms on how much additional fees are allowed and how it will be charged will be complex," said the executive, who did not wish to be named. SEBI also proposed that instead of current norms where every mutual fund scheme charges different fees, the fund house should charge one uniform fee.
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