AMC stocks rally after SEBI announces regulatory changes
after close1 source ↓written by the desknot a recommendation
- following SEBI's announcement
- 7%
Shares of asset management companies surged on 18 Dec 2023, with gains of up to 7% following SEBI's announcement of regulatory changes to mutual fund expense ratios and exit loads. The introduction of a base expense ratio (BER) aims to streamline costs while addressing industry concerns. This move is expected to enhance investor confidence and could lead to increased inflows into mutual funds. 📈
Not investment advice. For informational purposes only.