Copyright thehindubusinessline
Shares of major asset management companies (AMCs) fell sharply on Wednesday as the market reacted to a regulatory move by SEBI aimed at revamping mutual-fund fee structures. Among the hardest hit was HDFC Asset Management Company, which dropped around 6.3 per cent — its steepest single-day fall since June 2024. Other AMCs such as Nippon Life India Asset Management, UTI AMC and Aditya Birla Sun Life AMC, also declined alongside sector peer losses. What are SEBI’s proposals SEBI has proposed a comprehensive overhaul of the mutual-fund regulations. Key elements include the base expense ratio slabs revised upward by 5 basis points for open-ended equity schemes, excluding statutory levies such as STT, GST and stamp duty from the Total Expense Ratio (TER) limits, and tightening brokerage limits within the cost structure. The regulatory thrust signals a tougher environment for fund houses: margin pressure and profitability. Investors and market watchers will be closely monitoring the final shape of SEBI’s proposed changes. Performance of AMC stocks today At 10.24 am, HDFC AMC traded 4 per cent lower at ₹5,406.50, hitting a low of ₹5,288 against the previous close of ₹5,646.50. Shares of NAM-India fell 6 per cent to ₹849.60, hitting a low of ₹843.50 against the previous close of ₹904.95. ABSL AMC traded 4.4 per cent lower at ₹774.30, while UTI AMC declined by 2 per cent to ₹1,274.80. The recently listed Canara Robeco Asset Management Company fell over 4 per cent to ₹323.80. Motilal Oswal Financial Services stock tanked nearly 8 per cent to 1,003.55. Wealth management companies like Nuvama and 360 ONE WAM also fell 3-4 per cent. More Like This Published on October 29, 2025
