Sebi bats for lower-cost direct mutual fund plans

The Securities and Exchange Board of India (Sebi) has asked the Association of Mutual Funds in India (Amfi) to promote direct plans as part of its investor awareness programmes. Direct plans allow investors to bypass distributors and save on commission. These have a higher net asset value than regular plans; the expense ratio is also less.  Investors can save 80-100 basis points (bps) in direct equity plans vis-a-vis the regular equity ones. As of April, 40.5 per cent of the mutual fund sector's assets came directly. A large proportion of direct investments were in n.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Most Read

Top Stories

Markets

Companies

Opinion

Latest News

Todays Paper

News you can use

Outbrain