1. SEBI may instruct mutual fund companies to cut fees to 5 basis points from an existing 20 basis points.
  2. SEBI had permitted mutual fund companies to levy a charge of 20 basis points when a mandatory exit load of 1% was removed.
  3. Earlier, there was a flat 1% exit load whenever money was redeemed from a mutual fund.
  4. Right now, SEBI is taking up this issue with Mutual Fund Advisory Committee.
  5. If accepted, the rule will come into effect from 1st April 2018.

Read More Here.