MUMBAI: The Securities and Exchange Board of India (SEBI) has proposed major changes to the way mutual funds are managed in the country.
The market regulator aims to lower brokerage costs, make fee disclosures clearer, and simplify how investors are charged.
In a new consultation paper reviewing the 1996 Mutual Fund Regulations, SEBI has suggested tightening the cost structures for Asset Management Companies (AMCs) so that more benefits reach investors directly.