SEBI's Fee Structure Revamp Ignites AMC Stocks: HDFC, Canara Robeco Soar 9%

• SEBI approved changes to mutual fund fee structure, aiming for transparent cost disclosure.
• AMC stocks surged up to 9%; HDFC AMC, Canara Robeco, Nippon Life AMC, UTI AMC, ABSL AMC saw significant gains.
• Key changes include reduced brokerage limits (cash market 12 to 6 bps, derivatives 5 to 2 bps) and removal of 5 bps additional expense.
• New Base Expense Ratio (BER) replaces TER, excluding statutory taxes and including fund-level costs.
• Expense ratios for equity and debt schemes reduced; brokerages expect neutral to slightly positive impact on AMCs.

Why It Matters: SEBI's fee structure changes boosted AMC stocks, reducing fund transaction costs and revising expense ratios.