Facts that change
Core about 5 min
| Fact | Value | As of | Source |
|---|---|---|---|
| SEBI (Mutual Funds) Regulations, 2026 | notified 14 Jan 2026; in force 1 Apr 2026; 1996 Regulations repealed | 1 Apr 2026 | Gazette text (V) |
| Base expense ratio, open-ended equity | 2.10% first ₹500 cr … 0.95% above ₹50,000 cr (Table 6B.1) | 1 Apr 2026 | Reg. 66(7)(c) (V) |
| Base expense ratio, other open-ended | 1.85% … 0.70% | 1 Apr 2026 | Reg. 66(7)(c) (V) |
| BER cap, index funds and ETFs | 0.90% (excluding statutory levies) | 1 Apr 2026 | Reg. 66(7)(b) (V) |
| Brokerage over and above BER | 0.06% cash, 0.02% derivatives | 1 Apr 2026 | Reg. 66(9) (V) |
| Exit load ceiling | 3% of NAV, credited to the scheme | 1 Apr 2026 | Reg. 44 (V) |
| SIF minimum investment | ₹10 lakh across strategies (accredited investors exempt) | 1 Apr 2026 | Reg. 49(1) (V) |
| Cut-off and realisation | 3 pm; NAV of the day funds are available (from 1 Feb 2021) | 6 Nov 2026 | SEBI circular 17 Sep 2020; AMFI (S) |
| Swing pricing | debt schemes, net outflows; 1–2% minimum in dislocation | 1 Mar 2022 | SEBI circular 29 Sep 2021 (S) |
| ETF direct dealing with AMC | above ₹25 cr (other than market makers) | 1 Nov 2022 | SEBI passive-funds circular (S) |
| Passive fund tracking limits | TE ≤ 2% (equity); TD ≤ 1.25% (debt) | 2022 | SEBI passive-funds circular (S) |
| ETF price bands | base T−1 close (last-30-min VWAP); ±10% to ±20% equity/debt; ±6% commodity | Sep 2026 | SEBI circular 15 Jun 2026 (S) |
| Overseas limits | US$7 bn industry; US$1 bn per AMC; US$1 bn overseas ETFs | 6 Nov 2026 | SEBI (2021) (S) |
| Equity-oriented fund tax | STCG 20%; LTCG 12.5% above ₹1.25 lakh; > 12 months | 2026-27 | Finance (No. 2) Act 2024 (S) |
| Specified mutual fund | > 65% debt; slab rates for units bought from 1 Apr 2023 | AY 2026-27 | Finance (No. 2) Act 2024 (S) |
| HDFC AMC FY26 | revenue ₹4,118.53 cr; PAT ₹2,859.36 cr; 45/10/35 bp | FY26 | results filing, presentation (V) |
| Industry AUM; SIP inflow | ₹82.64 lakh cr; ₹32,490 cr a month | Sep 2026 | AMFI Monthly Note (V) |
| SPIVA India mid-year 2026 | ~74% of large-cap funds behind benchmark over 10 years | 30 Jun 2026 | S&P SPIVA India page (summary figure; not yet checked against the full report) |