India Asset Managers’ Shares Slump as Regulator Seeks Lower Fees

Shares of Indian money managers and stock-broking firms tumbled on Wednesday after the market regulator proposed rules for the sector, including caps on some fees charged by mutual funds and...

By Alex Gabriel Simon, Ashutosh Joshi · Bloomberg Markets

Shares of Indian money managers and stock-broking firms tumbled on Wednesday after the market regulator proposed rules for the sector, including caps on some fees charged by mutual funds and brokers.