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of <h1>SEBI Updates Mutual Fund Rules: Additional TER for Inflows Now Applies Beyond Top 30 Cities, Effective April 2018.</h1> The Securities and Exchange Board of India (SEBI) has revised the criteria for charging additional Total Expense Ratio (TER) by mutual funds. Previously, an additional TER of up to 0.30% was permissible for inflows from beyond the top 15 cities, provided these inflows constituted at least 30% of gross new inflows or 15% of average assets under management. Effective April 1, 2018, this provision now applies to inflows from beyond the top 30 cities, aiming to enhance mutual fund penetration. The circular modifies previous guidelines while maintaining other existing provisions, issued under SEBI's regulatory authority to protect investors and promote market development.
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