https://www.taxtmi.com/notifications?id=127460 Amendment revises regulation 52 to define an equity oriented scheme for expense-limit purposes (schemes investing a minimum of sixty-five per cent of net assets in equity instruments) and prescribes revised total expense ratio ceilings. The total expense ratio excludes issue or redemption expenses but includes investment management and advisory fees. Separate caps are set for fund of funds (by underlying investment type), index funds and ETFs, tiered open-ended scheme limits tied to assets under management with marginal reductions at larger AUM bands, and distinct limits for close-ended and interval schemes; effective 1 April 2019. en-us Thu, 13 Dec 2018 00:00:00 +0530 Wed, 19 Dec 2018 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127460 Amendment revises regulation 52 to define an equity oriented scheme for expense-limit purposes (schemes investing a minimum of sixty-five per cent of net assets in equity instruments) and prescribes revised total expense ratio ceilings. The total expense ratio excludes issue or redemption expenses but includes investment management and advisory fees. Separate caps are set for fund of funds (by underlying investment type), index funds and ETFs, tiered open-ended scheme limits tied to assets under management with marginal reductions at larger AUM bands, and distinct limits for close-ended and interval schemes; effective 1 April 2019. Notifications SEBI Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127460