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INDIAN REGULATOR RELEASES NEW ALTERNATIVE INVESTMENT FUNDS REGULATIONS; OFFSHORE FUNDS UNAFFECTED

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As reported in the financial statements of each AMC, fund expenses can be divided into management fees and administrative fees. Expense ratio is the ratio between total fund expenses to fund’s assets. Administrative or operating expense excluded management fees of AMCs managing large number of funds are considered to be constant. Thus, when management fee is excluded, fund expense ratio is lower. Fund expenses excluded management fees indicate fund operation efficiency. Management fees measures security selection skills of fund manager. In the other words, management fees paid to specialized equity fund manager exhibits superior fund performance observed in the...
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INDIAN REGULATOR RELEASES NEW ALTERNATIVE INVESTMENT FUNDS REGULATIONS; OFFSHORE FUNDS UNAFFECTED

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