Asset Management Companies – Event Update – SEBI Board Meeting: Breather for AMCs/ brokers
Published on 18 Dec 2025
With an objective to rationalize cost for unitholder, additional TER of 5 bps permitted to be charged to schemes with exit loads as a transitory measure, has been removed.
PL View: This is negative for AMCs as 5bps would be directly reduced from equity TER. However, AMCs can partially or fully pass on this impact. Also, AMC stocks had already corrected after release of the Oct’25 discussion paper hence this, in our view, is already priced in.
