'Need For Improvement': Feroze Azeez Says SEBI’s Mutual Fund Paper More About Transparency Than Lower Costs

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SEBI's consultation paper on mutual fund regulations will not necessarily have a big impact on expense ratios but may bring in a lot of transparency in the space, according to Feroze Azeez, Deputy CEO of Anand Rathi Wealth.

While Azeez has failed SEBI's consultation paper, which introduces major changes, including slashing brokerage caps to removing certain fees, Azeez believes the moves are meant to add more transparency than lowering the cost.

“We all see this circular as a great circular,” Azeez told NDTV Profit. “Transparency need was extreme.”

"The consultation paper will not have a large impact on expense ratios, but it will bring a lot of transparency," he added.

Azeez explained that by unbundling costs, such as excl