AMC shares rally on Sebi's TER call analysts expect re-rating

AMC shares rally on Sebi's TER call, analysts expect re-rating https://ift.tt/7Lo0YZO of domestic mutual funds experienced a rally of up to 14% after the Securities and Exchange Board of India deferred its decision to lower the total expense ratio (TER). The reduction in TER would have impacted the profitability of the mutual fund industry. The regulator now plans to rework the TER plan, with the new amendments likely to be less stringent. Market experts believe that this decision will benefit asset managers by enabling them to gain a larger market share over time.