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Sebi tweaks MF's expense charge regime

Sebi tweaks MF's expense charge regime

Finance
Markets regulator Sebi , on Friday allowed an additional 30 basis points of extra expenses to be charged to a mutual fund to incentivise distribution of such products in all cities except the top 30 as against cities beyond top 15 so far. The markets watchdog, in 2012, had allowed such TER (total expense ratio) for inflows from beyond top 15 cities (B15 cities) in order to increase penetration of mutual funds in such towns. "Since more than five years have elapsed and on review, it is now decided that the additional TER of upto 30 basis points would be allowed for inflows from beyond top 30 cities instead of beyond top 15 cities," the Securities and Exchange Board of India (Sebi) said in a circular. The TER is a percentage of a scheme's corpus that a mutual fund house charges tow...
Roy Miller: Kansas City Chiefs release embattled DT after domestic battery charge

Roy Miller: Kansas City Chiefs release embattled DT after domestic battery charge

Sports
The Kansas City Chiefs released defensive tackle Roy Miller on Monday, two days after he was arrested in Jacksonville, Fla., and charged with domestic battery of his wife. "We did release Roy and we're going to move on from that," Chiefs coach Andy Reid told reporters Monday, declining to answer further questions about Miller being waived. "I can't really talk about anything from a legal standpoint, so I'm going to just leave it at that." Miller, 30, is accused of dragging his wife by the hair, tearing a braid from her head and nearly ripping off her shirt, according to the Jacksonville Sheriff's Office incident report. According to report, the altercation between the 6-foot-1, 301-pound player and Nicole Miller began with an argument after the couple returned home separately. Nicole Mille...
Catalonia independence: Spain takes charge of Catalan government

Catalonia independence: Spain takes charge of Catalan government

World
The Spanish government has stripped Catalonia of its autonomy and taken charge of its government.The measures early on Saturday came after the Catalan parliament voted to declare independence on Friday.An official state bulletin dismissed Catalan leaders and handed control of Catalonia to Spain's Deputy Prime Minister, Soraya Saenz de Santamaria.Earlier, Spain's interior ministry took charge of Catalonia's police after firing senior Catalan police officials.On Friday, PM Mariano Rajoy announced the dissolution of the regional parliament and the removal of the Catalan leader, and called snap local elections.Demonstrations for and against independence went on into the night.More are expected on Saturday, with a rally "for the unity of Spain and the constitution" to be held in Madrid.The cris...
Kim Wall case: Murder charge sought for Peter Madsen

Kim Wall case: Murder charge sought for Peter Madsen

World
Media playback is unsupported on your deviceProsecutors in Denmark say they will bring murder charges against the inventor suspected of killing a Swedish journalist on board his submarine.They are expected to ask for the new charges when Mr Madsen appears in court in early September.Ms Wall was last seen alive on 10 August as she departed with Mr Madsen on his self-built underwater vessel.On Wednesday a headless torso found in waters off Denmark was identified as belonging to Ms Wall.DNA from the torso - which had been weighted down with metal - matched that on Ms Wall's hairbrush and toothbrush.Mr Madsen initially said he had dropped her off safely near Copenhagen, but then said she died in an accident and that he had "buried" her at sea.He denies killing Ms Wall and was initially charged...