While investors made losses on the AT-1 bond investment, the fund house earned as much as Rs 88.60 crore in the form of a management fee from the transactions, alleged to have been done as part of a ...

Sebi's allegation of a quid pro quo are significant and the regulator has sought an explanation from Nippon Life India MF as to why the management fee of Rs 88.60 crore that the AMC earned should not ...