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. He believes structural clarity is welcome, but drastic cost cuts could harm the thin-margin business and investor outcomes, advocating for scale over penny-wise reductions.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.