Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Mutual fund expenses must be limited to base expense ratio, permitted brokerage, transaction costs, statutory levies and exit load. Regulation 67 requires that the Total Expense Ratio charged to mutual fund investors comprise the base expense ratio within prescribed limits, permitted brokerage costs, transaction costs for trade execution, and statutory levies; and it prohibits any other charges on investors apart from these items and exit load (including levies the Board may specify).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Mutual fund expenses must be limited to base expense ratio, permitted brokerage, transaction costs, statutory levies and exit load.
Regulation 67 requires that the Total Expense Ratio charged to mutual fund investors comprise the base expense ratio within prescribed limits, permitted brokerage costs, transaction costs for trade execution, and statutory levies; and it prohibits any other charges on investors apart from these items and exit load (including levies the Board may specify).
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