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Tuhin Kanta Pandey, the Chairman of the Securities and Exchange Board of India (SEBI), has dismissed concerns that SEBI’s fixation of an upper ceiling TER has caused funds to congregate fees near the maximum limit. “I will not agree with your point that the fixation of an upper ceiling TER is a way to catalyse [cartelisation],” Pandey told CNBC-TV18 in an exclusive interview on Wednesday.

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