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HDFC AMC, Reliance Nippon Life AM tank after Sebi cuts expense ratio for mutual funds

Updated : September 19, 2018 11:28 AM IST

SEBI said all mutual fund commissions and expenses must be paid from the scheme itself.
Nomura cut rating for Reliance Nippon to ‘Neutral’ from ‘Buy’ and target price to Rs 210 from Rs 315.
Morgan Stanley cut target price for HDFC Asset Management by 14 percent.
HDFC AMC, Reliance Nippon Life AM tank after Sebi cuts expense ratio for mutual funds
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