Home / Business and Economy / HDFC AMC Surges on SEBI Expense Ratio Cut
HDFC AMC Surges on SEBI Expense Ratio Cut
18 Dec
Summary
- HDFC AMC shares climbed early Thursday.
- SEBI announced a cut in mutual fund expense ratios.
- The move aims to boost investor participation in mutual funds.
Shares of HDFC Asset Management Co. saw a notable increase in early trading on Thursday. The stock price climbed by nearly 5%, aligning with positive movements observed across the broader asset management industry.
This market reaction was triggered by a recent announcement from the Securities and Exchange Board of India (SEBI). The regulatory body revealed a decision to reduce expense ratio charges for mutual funds.
SEBI's directive represents a significant regulatory adjustment designed to foster increased participation from retail investors. Furthermore, the measure aims to improve overall compliance standards within the mutual fund industry.
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