Jefferies warned that Sebi’s proposed mutual fund fee revamp could trim AMC profits by up to 10% from FY27. The brokerage said cuts to exit load charges, brokerage fees, and total expense ratios may pressure earnings at top players like HDFC AMC and Nippon Life AMC.
Rupee falls 14 paise to 92.42 against US dollar in early trade
The Indian rupee depreciated by 14 paise to trade at 92.42 against the US dollar on Tuesday, pressured by rising crude oil prices and consistent