Stop right there! 👀 AMFI vs SEBI: Dispute over GST, stamp duty, & brokerage expenses🔥👇 AMFI urges SEBI not to include these expenses in TER, fearing impacts on fund houses and MF penetration.

AMFI urges SEBI not to include GST, stamp duty and brokerage expense within TER Fund houses reportedly say that this would hamper their ability to invest in their own business and increase penetration of mutual funds.

A senior official requesting anonymity said that since taxation is outside the purview of SEBI, it could have huge impact on fund houses. This could also affect ability of fund houses to invest in mutual fund business and increase MF penetration, he said.

Earlier in May, SEBI has proposed that AMCs should include all additional expenses like GST, brokerage and so on under the TER.

Also, SEBI has proposed to do away with additional expenses of 0.30% and 0.05% of the total daily NAV which were charged in lieu of b30 incentives and exit loads, respectively. However, the regulator has proposed to introduce a new fixed fee for B30 MFDs.