HDFC AMC, other AMC & capital market stocks crack up to 10% on Sebi’s MF fee revamp plan

HDFC AMC, other AMC & capital market stocks crack up to 10% on Sebi’s MF fee revamp plan

Shares of leading Asset Management Companies (AMCs) and capital market-linked firms came under heavy pressure on Wednesday, falling up to 10%, after the Securities and Exchange Board of India (SEBI) released a consultation paper proposing a sweeping overhaul of the mutual fund fee structure. Among the worst-hit were HDFC Asset Management Company declined by 6.4%…

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