WealthAsset Managers Drop in India on SEBI’s Expense Overhaul Proposal
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Asset Managers Drop in India on SEBI’s Expense Overhaul Proposal
Shares of Indian asset management firms fell after a proposal by the market watchdog to overhaul fund-management charges spurred concerns about their profitability.
Stock information on a ticket at the Bombay Stock Exchange in Mumbai. Photographer: Dhiraj Singh/Bloomberg
(Bloomberg) -- Shares of Indian asset management firms fell after a proposal by the market watchdog to overhaul fund-management charges spurred concerns about their profitability.