POSTED BY July 17, 2012 12:07 pm ONE COMMENTON
I wanted to the SEBI limit on NFO Expenses. Earlier it was 6% of NFO proceeds charged to the scheme and amortized over say.5 years..Presently , NFO expenses are borne by AMC , amortization is banned. Is the 6% limit still applicable for AMC when it spends out of its P&L for NFO expenses or there is not such limit on how much an AMC can spend on NFO Expenses.?
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One reply on this article “Mutual Funds NFO Expenses”
Dear Praveen, as the NFO charges are part of P&L sheet of AMC, where is the need to go for it?