On Monday, the Securities and Exchange Board of India (Sebi) stated that it has decided and come up with few guidelines to reduce broker turnover fees and filing fees on offer of different documents for public issue, rights issue and buyback of shares.
This is one of the initiative to help because of the current COVID-19 situation in the fight against all the market regulators.
The markets regulator stated in a release that for the period June 2020 to March 2021, the broker turnover fee will be reduced to 50 per cent of the existing fee structure and the advantages out of the above reduction in fees will automatically be passed on to every investors as well.