The rupee weakened to an all-time low of 87.95 a dollar in the early hours on Monday, but managed to pare most of its losses due to strong intervention by the Reserve Bank of India (RBI).
TER clarity a welcome step, but India’s MF industry still far from scale: Feroze Azeez
SEBI’s move to unbundle statutory levies from mutual fund TER aims for transparency, but Feroze Azeez of Anand Rathi Wealth cautions against excessive cost tinkering.