India easing mutual fund fee rules to help some asset managers, Citi say
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India's market regulator SEBI has approved changes to mutual fund fee structures, raising the brokerage cap from 2 bps to 6 bps on equity trades. This aims to ease compliance and reduce cost pressures. Shares of asset managers like Nippon Life India Asset Management, HDFC AMC, and UTI AMC rose following the announcement. The impact is neutral for large firms and slightly positive for mid-scale firms. Wealth managers like Nuvama and 360 One will see minimal impact on revenue.
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