Indian asset managers fall after market regulator proposes fee structure changes

360 One Wam

29/10/2025 04:08

Oct 29 (Reuters) - Shares of Indian asset managers fell as much as 5.4% on Wednesday, with analysts warning of a potential hit to profitability after the country's markets regulator proposed changes to mutual fund fee structures.

HDFC Asset Management Company HDFA.NS led losses among pack with a 5.4% decline and was set to lose the most in a day since June 2024.

Nippon Asset Management NIPF.NS fell 2.8%.

Analysts at Jefferies said that the move could bring down profit before tax by about 30-33% for these two firms in 2027.

The Securities and Exchange Board of India (SEBI) has proposed changes to mutual fund fee structures, including the expense ratio and the brokerage fee, as it sought a more transparent break-up of costs that investors are charged, according a consultation paper.

 (Reporting by Urvi Dugar in Bengaluru; Editing by Janane Venkatraman)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))