SEBI plans major mutual fund overhaul, lower expense ratio

Summary: SEBI’s new consultation paper proposes a sweeping rewrite of mutual fund regulations to simplify, clarify, and modernise the framework. The overhaul targets lower investor costs, transparent disclosures, and stronger accountability across India’s Rs 75.61 lakh crore fund industry. Securities and Exchange Board of India (SEBI), the markets regulator, has issued a consultation paper to propose a major overhaul to how mutual funds operate. The draft aims to: simplify language to make mutual fund rules clearer and more investor-centric eliminate redundancies modernise disclosure and governance norms for India’s Rs 75.61 lakh crore mutual-fund industry An