Jefferies warns Sebi’s mutual fund fee cuts could shave up to 10% off AMC profits
International brokerage firm Jefferies has flagged potential earnings risks for asset management companies (AMCs) from the Securities and Exchange Board of India’s (Sebi) new consultation paper proposing sweeping changes to mutual fund fee structures. The brokerage said the proposals, which touch on three key areas — exit load charges, brokerage fees, and total expense ratio…