Mutual fund fees framework establishes application, registration, annual and filing fee obligations and specified electronic payment modes. Schedule II prescribes fees for mutual funds: fixed application and registration fees; an annual fee calculated on Average Assets under Management with ... Summary
Mutual fund fees framework establishes application, registration, annual and filing fee obligations and specified electronic payment modes.
Schedule II prescribes fees for mutual funds: fixed application and registration fees; an annual fee calculated on Average Assets under Management with tiered rates for portions up to and above a specified AAUM and subject to minimum and maximum caps; and a filing fee for offer documents and placement memoranda computed as a percentage of the amount raised with prescribed minima and maxima. The Schedule mandates payment by electronic modes including NEFT/RTGS/IMPS or the SEBI Payment Gateway or other modes specified by the Board.
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