Review of additional expenses of up to 0.30% towards inflows from beyond top 15 cities (B15)

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..... Sir/ Madam, Subject: Review of additional expenses of up to 0.30% towards inflows from beyond top 15 cities (B15) 1. Presently, in terms of para A(1) of SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012, additional TER can be charged up to 30 basis points on daily net assets of the scheme as per regulation 52 of SEBI (Mutual Funds) Regulations, 1996, if the new inflows from bey .....

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..... e terms 15 cities , T15 and B15 would be substituted with 30 cities , T30 and B30 respectively, while keeping the other provisions of the circulars unchanged. 4. This circular shall be applicable with effect from April 1, 2018. 5. This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the pr .....

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