https://www.taxtmi.com/circulars?id=58298 SEBI prescribes measures to increase mutual fund penetration, permitting an additional Total Expense Ratio up to thirty basis points for schemes meeting specified new inflow thresholds from beyond top fifteen cities (with a pro rata formula and one year clawback for early redemptions); clarifies service tax allocation between schemes and fees; mandates single plan launches with a separate lower expense direct plan; allows a new simplified distributor cadre and unique identity numbers; requires monthly portfolio and half yearly financial disclosures; sets a 30% sector exposure cap for debt schemes; and requires investor education funding and distributor level disclosures. en-us Thu, 13 Sep 2012 00:00:00 +0530 Fri, 14 Dec 2018 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58298 SEBI prescribes measures to increase mutual fund penetration, permitting an additional Total Expense Ratio up to thirty basis points for schemes meeting specified new inflow thresholds from beyond top fifteen cities (with a pro rata formula and one year clawback for early redemptions); clarifies service tax allocation between schemes and fees; mandates single plan launches with a separate lower expense direct plan; allows a new simplified distributor cadre and unique identity numbers; requires monthly portfolio and half yearly financial disclosures; sets a 30% sector exposure cap for debt schemes; and requires investor education funding and distributor level disclosures. Circulars SEBI Thu, 13 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58298