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AMC stocks plunge nearly 10% as SEBI mulls overhaul of MF rules; Jefferies flags risk to earnings
A sweeping SEBI proposal to overhaul mutual fund expenses triggered a sell-off in AMC stocks. HDFC AMC, Nippon Life AMC, and Aditya Birla AMC fell up to 10% after Jefferies warned that tighter Total Expense Ratio limits could shave 8–10% off industry earnings.
A sweeping SEBI proposal to overhaul mutual fund expenses triggered a sell-off in AMC stocks. HDFC AMC, Nippon Life AMC, and Aditya Birla AMC fell up to 10% after Jefferies warned that tighter Total Expense Ratio limits could shave 8–10% off industry earnings.
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