The Securities and Exchange Board of India (Sebi) in December approved a revised framework for total expense ratio (TER) limits. It has two components: the base expense ratio (BER) and all statutory and regulatory levies, such as goods and services tax (GST), securities transaction tax, stamp duty, and regulatory fees, which will be charged separately over and above the base cost.
How Sebi’s mutual fund fee overhaul will make life harder for small distributors
