Lower Expense Ratio To Hurt Asset Managers, Say Brokerages
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Lower Expense Ratio To Hurt Asset Managers, Say Brokerages

Shares of Reliance Nippon Asset Management Company Ltd. and HDFC Asset Management Company Ltd.—the only two listed asset managers in India—fell the most since listing after the market regulator cap...
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