New Delhi, Sept. 2 -- The Gift City regulator is weighing a proposal to allow asset managers to charge investors different fee structures within the same retail fund, according to two people aware of the matter, as the industry seeks parity with global practices.

At present, in line with rules applicable to mutual funds in India, the international finance hub also allows two fee arrangements: a direct plan for buying units directly from the fund house at a lower fee, and a regular plan, where a higher fee applies if the investment is made through a distributor.

"The International Financial Services Centres Authority (IFSCA) is preparing a consultation paper on permitting multiple share classes and will take a decision after that," said ...