Fees and Expenses of the Schemes.
Regulation 128
Fees and Expenses of the Schemes.
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VIII · General Obligations and Responsibilities
Chapter VIII · General Obligations and Responsibilities
Regulation 128 – Fees and Expenses of the Schemes.
Medium importance about 3 min
Ongoing obligations & governance: Conduct, reporting, risk, custody, change in control and the day-to-day compliance load.
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In plain English
All fees and expenses must be identified and appropriated separately for each , with maximum fees and expenses disclosed in the /PM, each expense item shown as a separate line item.
In plain English
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The rule, in its own words
Read the exact text of Regulation 128
128. (1) All fees and expenses should be clearly identified and appropriated separately for each scheme.
(2) The FME shall ensure suitable disclosure in the offer document / placement memorandum regarding the maximum fees and expenses that it may charge and each expense item shall be disclosed separately as a specific line item in the offer document / placement memorandum.
Statutory text — Principal Regulations, 2025 (as amended to 30 January 2026), consolidated where amended. The notified Gazette text prevails. Tap a highlighted word for how it functions.
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What this means in practice
Compliance actions
- Applies to
- All schemes
- Frequency
- Per scheme
- Evidence
- Offer document/PM fee-and-expense disclosure
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Where it connects
Read alongside
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Check yourself
Quiz Centre
Test yourself on Regulation 128
2 questions in the unified bank test this regulation. Each explains every option and cites the provision.
Maximum scheme fees and expenses must be disclosed in the offer document/PM, itemised per line item.
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Your notes
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Ongoing obligations & governance