Sebi, Amfi in talks on cutting KYC, depository charges with an eye on mutual fund profitability
Costs such as know your customer (KYC) charges and depository fees are largely fixed in nature since they are levied on each onboarded investor. In addition, there are fixed transaction platform charges. All of these remain the same regardless of the size of assets managed. This creates a structural mismatch at a time when mutual…
