A new Sebi consultation paper aims to look after mutual fund investors, reduce charges and save retail investors crores
Most headlines about the May 18 consultation paper by the Securities and Exchange Board of India (Sebi) on mutual funds were about the thousands of crores that brokers and asset management companies (AMCs) are set to lose. There were few that spoke of the thousands of crores that you and I, as investors, are about to get as higher returns due to reduced charges. Brokers, agents and AMCs are adept at getting their view heard, but the regulator is only looking after the interests of retail investors.
