SEBI puts Rs 2,000 crore in investors' pocket

SEBI's revised structure of mutual fund expenses has provided a bonanza to investors. The beginning of April 2019 witnessed the implementation of a new expense structure, which led to a significant drop in the expense ratios of mutual funds. For investors, this move is likely to result in annual savings of an aggregate of around Rs 2,000 crore, which is even bigger than the AUM size of nine smallest asset management companies! Before we delve into who gains the most and what it means to your long-term wealth, here's a sneak peek of SEBI's mandate on expenses. The market regulator first introduced a slab-wise structure for expense ratios way back in 1996. Under this, the maximum permissible expenses progressively dr