Sebi’s fee reset proposals hit AMC, brokerage stocks
The proposal could also sharply reduce the profits of institutional brokerages that execute trades on behalf of mutual funds. The stocks of IIFL Capital fell 10% intraday while Nuvama dropped 9% and Motilal Oswal 8.5%.
The proposal could also sharply reduce the profits of institutional brokerages that execute trades on behalf of mutual funds. The stocks of IIFL Capital fell 10% intraday while Nuvama dropped 9% and Motilal Oswal 8.5%.
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