Mutual Funds NFO Expenses

POSTED BY praveen kumar ON July 17, 2012 12:07 pm ONE COMMENT

Hi,

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.?

MMTIA

One reply on this article “Mutual Funds NFO Expenses”

  1. Dear Praveen, as the NFO charges are part of P&L sheet of AMC, where is the need to go for it?

    Thanks

    Ashal

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